692, Chu Huan: The future steel tycoon(1/2)
Mitsui Gao has come to Xiangjiang!
It can also be seen from his actions how much Chu Huan's plan to invest in BG has affected them.
"Director Chu, I thought we were friends!"
When meeting Chu Huan, Mitsui Gaochang didn't say any pleasantries and spoke straight to the point.
Chu Huan sat on the sofa, looked at Mitsui Gaochang with a smile, and said, "Mr. Mitsui, aren't we friends?"
Mitsui Gaochang said loudly: "So, Mr. Chu, can you explain to me what's going on with Luoshui Mining in Australia? What's going on with BG in China?"
Luoshui Mining is a mining company established by Chu Huan in Australia.
Chu Huan frowned slightly and said dissatisfiedly: "Mitsui, are you questioning me?"
Mitsui Gaochang's expression was stagnant, and then he realized that the Chu Huan in front of him was no longer someone he could yell at loudly. When he was in Japan, the Mitsui family did not take advantage in the fight with Chu Huan.
Now nearly two years have passed.
The growth rate of Chu Huan's Japanese Jiaku at this time has exceeded Mitsui Takacho's expectations, especially the US$1 billion previously taken out by the Japanese branch of Alder Commercial Bank, which has successfully supported many Japanese companies.
Industry, it can be said that at this time, Japan's Jiaku has already integrated into Japan's chaebol. You have me, and I have you. It is already impossible to deal with Chu Huan at this time.
Moreover, during the past two years, two major events occurred in Japan, both of which were related to Japan Jiaku, because Japan Jiaku invested in Japan's largest securities company Nomura Securities, the largest media group Yomiuri Group, and the three parties respectively.
Cross-shareholding continues the Japanese chaebol's business policy.
However, with the cross-shareholding of these three groups, Japan Kaku has officially become one of the largest financial institutions in Japan, and it has also exerted a huge influence on Japan's media industry.
Coupled with Chu Huan's investment in Laidao Shipyard.
And this also ensures that Japan's Kaku has grown into the fifth largest chaebol in Japan after Mitsui, Sumitomo, Mitsubishi and Fuji!
"Director Chu, I apologize for my attitude just now, but since you, Director Chu, have already said that we are friends, why didn't Director Chu say hello to us when he entered the steel industry?"
Chu Huan smiled and said: "Mr. Mitsui, this is our strategic plan for the development of Jiaku. There should be no need to report it to you, Mr. Mitsui. Besides, Mitsui & Co. can do business in the steel industry. Is it possible that our Jiaku can do this?"
is it not OK?
Or is Mr. Mitsui willing to release more Mitsui & Co.’s shares to our Jiaku?"
As soon as these words came out, Mitsui Gaochang was unable to respond, but the anger in his heart was still not eliminated. The whole world knew about Mitsui & Co.’s layout in the steel industry, but Chu Huan, as the director of Mitsui & Co., was independently developing the steel industry at this time.
, or brought many rich people from Xiangjiang with him.
More importantly, for Mitsui & Co., investing in BG is one of their most important strategic plans in the future. Now, Chu Huan suddenly stole the house. No matter what Chu Huan said, the anger in Mitsui Gaochang's heart was unbearable.
eliminated.
How important is the BG project to Mitsui & Co.?
A string of data can prove it.
Toshio Domitsu, chairman of the Keidanren Federation and president of Toshiba Corporation of the Mitsui Foundation, once estimated that if Japan helps China build a steel conglomerate like BG, Japan's steel industry, machinery manufacturing industry and related supporting industries will be greatly affected.
The industry will be driven forward, which will likely increase Japan's GDP by 2%.
The raw material input, coking, sintering, ironmaking, steelmaking, and rough rolling complete sets of equipment and technologies for the first phase of the BG project were all imported from Nippon Steel.
This is not the most important thing. The most important thing is that Japan can take advantage of this opportunity to officially enter the steel market in its hometown. If the later operations are done properly, it can even develop BG into its own affiliated enterprise. By then, what will happen to BG?
Whether it is a company from my hometown or a company from Mitsui & Co., it’s hard to say!
But now everything has changed because of Chu Huan's appearance.
With the support of Chu Huan's funds, Nippon Steel is no longer BG's only choice. It can wave checks and purchase various equipment all over the world, and Nippon Steel's influence on the BG project will be reduced to
At the very least, this is what irritates Mitsui Takauchi the most.
All the layouts had the worst changes due to the appearance of Chu Huan!
"Director Chu, let's open up the sky and tell the truth. What do you think about this matter? You should know that if things continue like this, we will inevitably become rivals. By then I can guarantee your safety in Japan.
Industry, the global steel industry will suffer a devastating blow!"
At this time, Mitsui Gaonaga was already a little angry!
Whether it is the Australian Iron Ore Mountains or the BG back home, they are all strategic plans of Mitsui & Co., but now they are suddenly stolen by Chu Huan. Whoever it is is not going to feel good!
Even people like Mitsui Takacho are no exception!
Chu Huan said calmly: "Mr. Mitsui, if you can't do something, don't talk nonsense, otherwise you will be the one who will be embarrassed."
Having said this, Chu Huan stood up, looked at Mitsui Takamichi condescendingly, and continued: "Japan's business, Mitsui Takamichi couldn't hit it at the beginning, and now you Mitsui Takamichi can't hit it either, at worst, everyone will take a beating when the time comes.
The two separated, but I think if you had such courage, we wouldn't have ended the fight in a cooperative manner.
As for the iron ore mountains in Australia, they were originally discovered by our company, Jiaku. What? Mitsui & Co. is now so overbearing that it does not allow other companies to enter the iron ore mining industry?
Of course, you can also try to decide which one is Mitsui & Co., Ltd., which is stronger in Australia, or our Jiaku, which is stronger in Australia?"
Which one is more influential in Australia, Jiaku, or Mitsui & Co.?
This chapter is not over yet, please click on the next page to continue reading! In fact, neither Chu Huan nor Mitsui Takacho can give a definite answer to this matter, but one thing is certain, that is, if a conflict really breaks out between the two parties, then
The result is definitely not one side losing and one side winning, but a tragic defeat and a tragic victory.
At that time, the problem Mitsui & Co. will face is not Jiaku, but the intervention of capital from European and American countries.
At that time, that scene was definitely not what Mitsui Takaucha wanted to see.
Chu Huan could think of this, and Mitsui Gaochang could naturally think of this, so at this moment he could only breathe heavily, like an angry bull, but there was nothing he could do.
"Hmph, if we withdraw from the Huaguo BG project, even if you, Director Chu, can support more funds, I think the BG project will not be successful!"
Mitsui Takauchi could only change the topic at this time!
Chu Huan smiled and said: "Mr. Mitsui, you can only use this kind of rhetoric to explain to Nippon Steel's people when they are negotiating with their hometown. In my case, such rhetoric has no effect. Nippon Steel and
Mitsui's relationship, the things Mitsui did during the war, if this matter spreads in my hometown, then it will not be whether Nippon Steel wants to cooperate with my hometown, but whether my hometown wants to cooperate with Nippon Steel
Is it okay?"
Although Nippon Steel is not a member of the Futuki-kai of the Mitsui Consortium, in fact, Nippon Steel has a substantial relationship with Mitsui & Co., Ltd. and other members of the Mitsui Consortium through mutual shareholding, joint investment, trade agency, etc., and has formed a symbiosis of interests.
relationship, which shows Nippon Steel's status as an "associate member" of the Mitsui Consortium.
The real situation is that Mitsui & Co., Ltd. owns 20.132% of Nippon Steel Corporation... Nippon Steel Corporation is a trading company of Nippon Steel and owns more than 5% of Nippon Steel Corporation.
At the same time, Nippon Steel is an independent director of Mitsui & Co.
In terms of steel trade, Mitsui & Co. is Nippon Steel's largest steel agent trader, with an average annual agency ratio of more than 35% of Nippon Steel's output.
In fact, Nippon Steel not only has a turbulent relationship with Mitsui Consortium, but also has a similar relationship with Sumitomo Consortium.
In 1999, Mitsui Fudosan, as one of the pillar companies of the Mitsui Consortium, obtained the operating rights to the Nippon Steel Building, the headquarters building of the Japanese energy company; in 2007, Nippon Steel, Sumitomo Metal Corporation, Sumitomo Corporation, and Nippon Steel Corporation formed a new joint venture
Company; in early 2008, Nippon Steel and Sumitomo Corporation each invested approximately US$63 million to acquire 20 million preferred shares of Mitsui Mining from Sumitomo Mitsui Banking Corporation, raising their respective shareholdings to 21.7%.
Since the financial institutions of the Mitsui Foundation and Sumitomo Foundation merged in 2001, Nippon Steel and companies within the Mitsui-Sumitomo conglomerate system have formed close ties through mutual shareholdings and cooperative operations.
It can be said that just from the operating conditions of Nippon Steel, we can see what the concept of Japan Corporation is like!
In addition, regarding the BG project, Mitsui & Co., not Nippon Steel, was actually the first one to express cooperation intentions. However, due to Mitsui's wartime background, Mitsui & Co.'s direct entry into this project failed.
Only then did Nippon Steel step in!
In fact, without the emergence of Chu Huan, Mitsui & Co., Ltd. would indeed have fully entered the steel industry in its hometown through the BG project!
And step by step, we have gained more say.
Even, at a certain period of time, even BG was known as a member of the Mitsui Foundation's Futuki-kai, because during that period, the person in charge of BG would also attend the Mitsui Foundation's Futuki-kai meetings.
"As for Nippon Steel's equipment and technology, I don't think Mr. Mitsui, you think that there is only one MTR company in the world, Nippon Steel, including North American Steel, Welton Steel, Wheeling-Pittsburgh MTR, and Rouge.
Industrial companies, AK MTR Corporation... Now people from my North American company are contacting them, and they are very interested in entering the market in their hometown."
After saying all this, Chu Huanxiao looked at Mitsui Gaochang and said meaningfully: "Mr. Mitsui, if I were you, what I want to do now is not to accuse me, but to fight with me in a good manner.
I will discuss how to make Nippon Steel successfully undertake the BG project!"
Mitsui Gaochang's expression changed again. From the anger before, he was now panicking inside.
Although the BG project has not been officially launched, Mitsui & Co., Ltd. has already regarded the subsequent profits as its own company. Now I heard that Chu Huan actually wanted to persuade his hometown to switch to another company. If such a situation happens, it will inevitably
It will affect the pattern of the global steel industry.
Mitsui & Co., Ltd. will gradually lose its position in the steel industry.
"Director Chu, don't forget, you are still a shareholder of Mitsui & Co., Ltd.!" Mitsui Gaochang no longer had the arrogance he had just now.
Chu Huan said easily: "Mr. Mitsui, it is precisely because I am the director of Mitsui & Co. that I am still calmly talking to you in the face of your unfriendly attitude today.
Do you really think that I want to tell you these things just now?"
Mitsui Gaochang's expression changed slightly and he asked: "If it's not Director Chu, then what is it?"
Chu Huan said calmly: "Mr. Mitsui, if you think that the steel market in your hometown is inseparable from Nippon Steel, it only shows that you still don't understand China. In the past two years, your hometown has been constantly contacting overseas Chinese and overseas Chinese.
I don’t need to tell you the power of it, Mr. Mitsui, you should know it.
So everyone in my hometown knows about Mitsui & Co.’s plans. It is true that China’s current economy is not as good as Japan’s, but I think you can see China’s development potential, Mr. Mitsui, otherwise Mitsui & Co.
I won’t take such a roundabout way and still want to enter China’s steel market.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! To put it bluntly, both parties get what they need, but you can’t be too greedy. Otherwise, the opportunities you can see can also be seen by others. As long as there are more
To be continued...