Chapter 246 Investment in Technology Research and Development [Seeking monthly tickets]

Chapter 246 Investment in Technology Research and Development [Seeking monthly tickets]

Chapter 246 Investment in Technology Research and Development [Seeking monthly tickets]

"Because he was the only Chinese among all the bidding companies, I also took a special look at his information. There is his resume at the back of the document." Zheng Zhijie continued: "This Bei Jinming is at Harvard University."

Yang Wendong also turned to the back of the document and found that page, while also listening to Zheng Zhijie's introduction.

After a while, Yang Wendong said, "The experience is quite good. He has a lot of experience in famous architectural design in the United States."

Bei Jinming was born in 1917. He attended MIT and later studied for a master's and doctoral degree at Harvard. After graduating in 1948, he went to a well-known American architectural firm and participated in the design of many large buildings.

In 1960, he started his own business and established Bei Jinming Architects. He independently designed Kips Bay Plaza in New York and the Luce Memorial Chapel at Tunghai University in Taiwan.

Zheng Zhijie said: "Yes, and he is also Chinese and has construction experience in Taiwan. It sounds like he is suitable for us."

"Well, OK, then let these companies prepare to submit their designs." Yang Wendong nodded and said, "Bei Jinming is our first choice, but we also need to consider other companies."

"I understand." Zheng Zhijie agreed.

Yang Wendong added: "The hotel land has been acquired, and the remaining part is the infrastructure construction. However, the future management talents are still unsettled;
You should work with the headhunters as soon as possible to find the right person, otherwise we are all outsiders and many things are not professional. "

Industries such as hotels and supermarkets seem simple, but because anyone with money can participate, it is extremely difficult to really do well or even create a chain brand. This is absolutely dependent on the ideas and strategic vision of the management.

Yang Wendong can be responsible for the strategic direction and funding, but how to manage it requires professionals. Otherwise, no matter how good the strategic vision is, if the hotel itself does not provide good services, everything will be in vain.

"Okay, I have been working with Hong Kong and some international headhunters long before the auction." Zheng Zhijie said: "They will communicate with some Chinese senior executives of international hotels."

"Well, okay, let's urge them as soon as possible." Yang Wendong nodded.

The arrangements for the Four Seasons Hotel have come to a temporary end. Next, we just need to wait for a suitable professional manager. Fortunately, time is not too urgent. The Hong Kong government has given us two years to start building the hotel, which is completely sufficient.

On December 12, Yang Wendong brought Su Yiyi to the Wanren Industrial Park in Kwun Tong, and this time, he also brought the child with him;
The factories in Changxing basically have no pollution, and the children only come to the administrative building in front, so there won't be any trouble.

"Baby, look, this is your daddy's factory." Su Yiyi held her son and stood by the window, where she could see the industrial building outside at a glance: "You must study hard in the future, and then help your daddy manage such a large factory."

"When he grows up, this factory may have to move away." Yang Wendong said with a smile.

Su Yiyi asked curiously, "What do you mean?"

Yang Wendong did not elaborate: "I estimate that in 20 years, Hong Kong's economy will develop rapidly and labor costs will increase. Our industries will no longer be suitable to stay in Hong Kong."

After the 80s, Hong Kong's labor costs increased dramatically, and simple industries had to be transferred away, especially the products that were currently patented by themselves. By that time, the patents would expire, and they could only rely on economies of scale to reduce costs and imitate Coca-Cola's operating model.

The mainland, which has undergone reform and opening up, is the best place to go. Labor costs are lower and taxes are negotiable, making it a perfect investment direction for future low-end industries.

Su Yiyi already knew some economic common sense, so she asked, "Similar to the current situation in Europe and the United States transferring their textile industry to other countries?"

"About the same?" Yang Wendong nodded. "If you don't move, you will die. Low-end factories are like water, flowing from high places to low places. No force can stop it. No matter how high the dam you build is, it can't stop it."

In the decades after World War II, low-end industries moved from Europe and the United States to Japan, Hong Kong, the mainland, and Southeast Asia. It is estimated that if the Southeast Asian economy can take off in the future, it is possible to take it to Africa.
“What about Hong Kong? No industry?” Su Yiyi asked again.

Yang Wendong shrugged and said, "Then we can only develop high-end industries, such as the current electronics industry and home appliance industry. Even if they are high-end, there are many more electronics factories in Hong Kong this year. This is the trend."

In the past, home appliances were considered a sunset industry, mainly because the market was saturated, but in this era, it is a high-tech industry.

Not to mention air conditioners, refrigerators and televisions, even radios and flashlights are considered to have some technological content. Just a light bulb alone, it is estimated that not many countries can produce it.

"That's right." Su Yiyi asked again: "You seemed to have said before, so do we also want to prepare to enter the electronics industry?"

"Yes, we will also participate when Hong Kong's electronics industry base becomes stronger." Yang Wendong nodded.

No matter who travels back in time or is reborn, they will not give up the electronics industry. Even if they are reborn in the 21st century, they will not let go of the derivative product of the electronics industry: the Internet.
At most, it is the difference between participating in the management or being an angel investor...

"Yeah." Su Yiyi nodded.

She also knew that Yang Wendong's goal was not just to make more money, but to expand his business and, by the way, to create a large number of jobs in Hong Kong and help the lower-class Hong Kong people get rid of extreme economic difficulties.

Just like them a few years ago, although they did not starve to death, they were indeed living in great pain.

……

After a while, Wei Zetao came, and Su Yiyi took the child to a room inside to coax him to sleep. A 6-month-old child needs to sleep every few hours.

"Sit down." After Yang Wendong gestured, the two sat on the sofa by the window, and then asked, "Are the operations of the many factories in the entire industrial park going smoothly?"

"It's OK. We are currently verifying the quality of each company's products. If there are no problems, we can start large-scale production in the second half of the month." Wei Zetao replied.

Although these are relatively simple products, they are all exported in large quantities. If they are suddenly changed to a new production location and many of the employees are new, the quality still needs to be re-verified.

The production capacity is also gradually increasing in order to gradually adapt and ensure that there are no quality problems.

"Okay." Yang Wendong nodded and said, "Although there are still many urgent overseas orders, we can still make do with ten days or half a month. We need to make sure there are no problems before shipping.

In addition, we must also pay attention to the training of personnel, as people are the foundation of all industries.”

This is also the reason why we did not expand our production capacity on a large scale in the early days. Insufficient resources would easily lead to problems. Now things are much better and we just need to adapt to the new factory.

Today, several products of Changxing Industrial are considered old products. Both the technology and quality control are mature, so boss Yang Wendong basically does not need to worry too much.

"I understand." Wei Zetao said with a smile: "The people we recruit to be responsible for factory management and quality are all well-educated and easy to train. In addition, our wages and benefits are relatively good, so almost everyone is studying hard and working hard."

"Well, with high salaries, the quality of employees will naturally improve." Yang Wendong nodded and said, "This is a good thing. Tell everyone that in the future, I will have better-paid positions here, and I will give priority to the best performers to work there, which will increase everyone's motivation."

The higher the salary and the better the benefits, the more choices you have when recruiting.

For the same people, naturally, the better ones or those with higher education will be selected, which can improve the overall capabilities of the factory group.

Of course, this also depends on the characteristics of the product itself. The more complex the product, the more necessary it is. The simpler the product, such as porters, naturally do not need it. Even for ordinary manual workers in Changxing Industrial, their wages and benefits are only slightly better than those in other factories, but they cannot be compared with highly educated talents.

"A new position?" Wei Zetao asked curiously, "Is it the plastic bags we are about to make?"

"No, it's the electronics industry. There's no rush for that." Yang Wendong smiled and said, "Let's talk about the plastic bag issue. Did you say a while ago that you're about to reach an agreement with that Swedish company?"

Some time ago, he was mainly busy with the acquisition of land kings, and he only had a general idea about other things. Among them, Changxing Industry sent people to Sweden to discuss the purchase of a patent for a material that can be used to make plastic bags. This was also something Yang Wendong was more concerned about.

"Yes." Wei Zetao said, "The other party asked for $6 and gave us a patent for a material that can be used to make plastic bags."

"Is this price expensive?" Yang Wendong asked.

Wei Zetao said: "It is difficult to set a price. The reason why the Swedish company is willing to sell it may be because the material of this plastic bag is not perfect, and selling it is to recover some research and development funds.

We can use it to make plastic bags directly after we get it back. Although it is not very soft, it is much more convenient than the various cloth bags and bamboo baskets available in the market in Hong Kong and even Asia."

"Well, it's really hard to set a price because of the different values." Yang Wendong nodded and said, "Then bargain a little more and buy it if it's close. But we still need to build a good relationship with the other party. If the other party really develops suitable materials in the future, we may need to purchase patents or obtain production authorization."

Wei Zetao asked: "Does Mr. Yang mean to invest in their company?"

"If possible, then invest. If not, then just handle the relationship well." Yang Wendong didn't care.

This company will definitely not become a giant in the future. Its main purpose is still to produce plastic bags in Hong Kong.

On the one hand, it can bring convenience to local citizens in Hong Kong, and on the other hand, it is an industry that can create jobs for thousands of people.

"Okay." Wei Zetao agreed and said, "I will get the deal done in Europe as soon as possible, get the patent for the material, and then have Formosa Plastics research how to produce it."

"Well, OK." Yang Wendong thought for a moment and said, "Old Wei, now that the company has reached the level we are at today, we should also invest some time to develop some technologies."

"Technology? Mr. Yang also wants to research suitable plastic bag materials like that European company." Wei Zetao asked.

"Yes." Yang Wendong nodded: "The first step is to study this material. In the future, we can expand the scale to other fields. According to the current trend, plastics will become one of the main raw materials of our group in the future."

Plastic is a necessity in human life, and too many industries require plastic raw materials.

Except for Post-it Notes, all other major products of Changxing Industrial are made of plastic. The same will be true for toys in the future, and even electronic or home appliances will also require a large amount of plastic.

If Swedish companies can develop materials, there is no reason why he can't.

Wei Zetao also knew about Yang Wendong's plan and agreed, saying, "Yes, plastic is indeed very useful. It's not just us, many industries in Hong Kong are the same. Even clothes and socks now contain chemical fiber plastic components."

"Yes, I almost forgot." Yang Wendong smiled.

Clothes made of cotton have many disadvantages. Modern textile industry requires the addition of chemical fibers, which are also petroleum derivatives and a type of plastic.

Even the packaging of people’s meals will become plastic in the future, but take-out is not popular yet.

Wei Zetao added: "Material research and development is possible, but Hong Kong does not have the talent in this area."

"Hong Kong doesn't have it, but Taiwan does." Yang Wendong said, "There is a relatively complete chemical industry there, the Taiwanese government is also promoting the oil industry, and universities there also have this major.

Plus, the wages are lower than in Hong Kong, and the population is Chinese, so this is the best place for us to invest in a R&D center.”

Hong Kong is, after all, just a city with many plans. Even if we replace a responsible governor, it will be impossible to make it perfect.

The chemical and petroleum industries are definitely not something that a small city can handle. In the past, Singapore was able to attract European and American oil consortiums due to strong government support and its special location.

The conditions in Hong Kong are insufficient, so it is not cost-effective to force it. However, the situation in Taiwan is much better. It has a much larger area, many more talents, and the government is also interested in promoting heavy industry and chemical industry.

"That's fine. How about a joint venture with Formosa Plastics?" Wei Zetao asked again.

"Without a joint venture, we do ours and they do theirs." Yang Wendong shook his head and said, "If the R&D center is jointly invested, it will only affect efficiency.

However, we can entrust them with research and development, so that we can make full use of their resources."

Although I am not sure about the future research and development results, I always have to try.

As for Formosa Plastics, if it is to become the number one in Asia in the future, it must have R&D capabilities. It just so happens that it can obtain unique patents through the entrustment model.

"Okay, then I will arrange for someone to go to Taiwan to investigate the local environment and talent capabilities." Wei Zetao said.

"Okay." Yang Wendong added, "Let's choose a location in Taipei. It should be a bigger place, close to the city. Many high-tech talents also need to live in the city."

PS: Please give me a monthly ticket at the end of the month
(End of this chapter)