klisemfg Chapter 134 Bringing Warmth to the American People
Chapter 134 Bringing Warmth to the American People
I spent the New Year in Hong Kong.
In his second year of junior high school, Lin Yi boarded a passenger ship bound for the United States.
He only brought his legal advisor Theo and some bodyguards with him on the trip.
On the other side of the road in Shanghai, there were several experts and professors from Shanghai University, along with more than 30 students and senior technicians.
And several managers from Changyi.
This trip to the United States was not only to deal with matters concerning the oil company.
Lin Yi planned to take the opportunity to send his future car manufacturing team to visit and learn about the American car manufacturing industry, purchase some large equipment, and poach some American car manufacturing technicians with high salaries.
The people from Changyi, on the other hand, went to investigate the market.
As for whether to make a fortune in the stock market on this trip, Lin Yi was prepared to act at the opportune moment.
In short, without inside information, I absolutely will not do it...
The sea voyage lasted for more than half a month and was incredibly boring.
Lin Yi couldn't help but reminisce about his first trip to the United States.
Back then, with Sheng Aiyi and Meng Qianyu by my side, life was truly enjoyable...
"Lin, welcome!"
Upon setting foot on US soil on the West Coast, I transferred to a train to the capital of Missouri, where my old friend Tony was already waiting at the train station.
"You should take a plane, it's very convenient and will save you a lot of time."
After the warm hug, Tony complained a bit.
"I'm more interested in the scenery along the way."
Lin Yi chuckled.
I won't fly unless it's something life-threatening.
"Ok."
Tony shrugged and accompanied Lin Yi out of the train station.
The acquisition of shares went smoothly.
Most of the Pengust family's shares were sold to Lin Yi, with only Tony keeping his share of the profits.
In addition, he helped Lin Yi acquire approximately 17% of the shares from other people at a premium.
They have secured controlling interest without a doubt.
"The situation at Missouri Standard is very bad; oil production is very low."
"This affected everything."
"Oil refineries, transportation, and the sale of refined oil products."
“Lin, you’ve been losing money ever since you got the shares, and the losses are getting bigger and bigger.”
Tony expressed some concern when discussing the specifics.
If it weren't for friendship, he would never have kept that two percent of the shares.
"Tony, are there many competitors competing with us for this stock purchase?"
“There are some, but they have been negotiating the price repeatedly, unlike you who directly offered a 15% premium.”
"That means our oil companies still have value."
Lin Yi remained calm.
Although he values the Missouri Standard qualification and related mining and refining technologies more.
However, this does not mean that the company must necessarily lose money.
Ford's Model T sold only 15 million units.
This is still global sales.
With a population of nearly 140 million, the United States' automotive market still has a promising future.
As the number of cars increases, the size of the oil market will also grow rapidly, and prices will naturally rise accordingly.
This still doesn't take into account the impact of future wars.
Therefore, this is a sure-fire way to make money.
After the integration, his next step is to make large-scale purchases of oil field exploration rights.
With our own funds and bank loans, we don't aim to make a profit within one or two years; our goal is to multiply our production capacity several times over.
Prepare for the best time in the market.
"You're always so confident."
"Fortune favors the confident."
……
After spending a few days in Missouri, he reorganized the existing Standard Oil management team and pointed out the direction for the future.
He then went to inspect his new business.
One of the most pressing problems we face is that we don't have much money left in our US bank accounts.
However, it doesn't matter much. Once Lin Yi arrives in York City and experiences the first household heater that has already been put into production, he will know that his Feng Hua Manufacturing can make money.
He does have the technology for air conditioning, both heating and cooling.
However, the industrial base of the United States at that time was unable to meet the demand for parts and components.
It is possible to manufacture it, but its size is not very user-friendly for home use.
Therefore, in accordance with Lin Yi's requirement that all products be designed for home use, Brown, the chief engineer of Feng Hua Manufacturing, developed this low-resistance wire warm air delivery device.
Alongside air conditioners, which have also begun refrigeration experiments, they are ready to extract money from the wallets of the American people in both hot and cold weather.
I experienced the simulated bedroom; the heating was still a bit dry.
Lin Yi turned to look at Brown, whose face showed some apprehension, "There should be a matching product, a humidifier."
"The idea is to find a way to atomize water as quickly as possible, so as to continuously provide a certain amount of humidity in the room."
"...Sir, that's a really good idea."
After a brief moment of thought, Brown's eyes lit up.
As the product developer, he was fully aware of the advantages and disadvantages of this inexpensive household heater.
While it compensates for the limitations of fireplaces, prolonged exposure to dry air is still unfriendly to people.
Several previous testers had complained to him about this.
Although placing a bucket of water in the room can have some humidifying effect.
However, the effect was very limited.
Especially those wealthy people who always like to imitate the aristocracy probably wouldn't like this kind of decoration.
But a humidifier with a beautiful design will definitely satisfy them!
Are there any technical difficulties?
"Absolutely not, it's very simple!"
Brown answered with certainty.
Even Lin Yi, an excellent product manager, didn't really understand it. Seeing Brown's confidence, he didn't ask any further questions.
They brought over the reports, reviewed the production costs and the expected costs after large-scale production, and then directly provided a pricing strategy.
"The market price for a heater is $39, and for a cooler it is $399."
Tom Wilson, a professional manager hired from Wall Street, looked up in surprise.
Even Brown looked surprised.
"Sir, the production cost of our space heater is thirty-five dollars."
"That's right now. According to your projected report, when monthly production reaches 10,000 units, the cost can be controlled to $29."
"But we also have sales costs..."
"Ten cuts aren't enough?"
Lin Yi chuckled: "Tom, our profits come from the air coolers."
"For products like space heaters, which are not technologically advanced and are easily copied, focusing on profits will only cause us to lose market share."
"So its purpose is simply to imprint our Fenghua brand in the hearts of all Americans."
"When the air cooler hits the market, you'll find that the savings in advertising costs will far outweigh the profits from the high selling price."
After telling Tom about his business acumen, Lin Yi waved his hand and said, "That's settled then. Your task now is to go full steam ahead and assemble at least 30,000 units within a month!"
"The weather has just started to warm up, and the American people need us to bring them warmth during the cold nights to come!"