Longdong Textile Company is an independent cotton yarn manufacturer with a history of more than ten years. It was considered a well-known independent cotton yarn manufacturer in the Songjiang textile industry more than ten years ago.
Not long after the high-pressure steam engine appeared, industrial high-pressure steam engines began to enter all walks of life. The Lin family, who was originally engaged in cotton yarn sales, began to get involved in cotton yarn production. They purchased the latest industrial high-pressure steam engines as power and built a new cotton yarn factory. factory.
In the first two years, relying on the leading edge of equipment and the Lin family's original cotton yarn sales channels, life was very prosperous, making a lot of money, and the scale even expanded to have multiple production lines and more than a thousand employees. .
In Songjiang City at that time, Longdong Textile Company was considered a well-known independent cotton yarn factory.
However, as the owner of the Longdong Textile Company, the Lin family, died of illness and did not properly arrange the ownership of the family property before his death, the sons of the Lin family were unwilling to give up one by one and began to fight for the family property.
As the Lin family fell into internal asset competition, Longdong Textile Company, one of the core assets of the Lin family, was inevitably greatly affected.
The Lin brothers competed for control of the core assets of the company, which lasted for ten years, and did not end until the mid-1930s... The reason why the competition ended was not because the Lin brothers emerged winners, but because Because of the competition between the Lin brothers, Longdong Textile Company's operations became increasingly difficult and it was on the verge of bankruptcy.
The company's top management changes frequently, and there is no clear business development plan, let alone measures such as conducting research and development in the technical field and continuing to purchase new equipment.
By the time the company entered the 1930s, Longdong Textile Company had declined from a prestigious independent spinning mill in Songjiang City to a mediocre and declining cotton yarn factory that had been losing money year after year.
High-level turmoil, technical backbones left, and the company continued to suffer losses. In order to reduce costs, it stopped research and development, purchased equipment, laid off employees, etc. This ushered in a vicious cycle.
Longdong Textile Company, which used to have more than 1,000 employees, had only more than 300 employees left in the 35th year of Chengshun, and its operating conditions were very bad. It was on the verge of bankruptcy. The Lin brothers simply turned the company over. They bought their family's core asset in the past, and then the brothers divided the money and never interacted with each other ever since...
In the end, a financial investment company bought this cotton yarn company that was in operating difficulties at a very low price. However, the company originally wanted to buy it at a low price, then reorganize it and then sell it at a high price in an attempt to make a profit from it. Price difference...
It turned out that it was too difficult to rectify, and too much additional capital was needed... When the financial investment company saw that the situation was not good, they immediately cut their losses and found a seller to change hands... Anyway, they didn't have much money when they bought this textile company. Money, if you stop the loss in time, you won't lose much money. On the contrary, if you continue to invest money in an attempt to rectify and turn losses into profits, it will be a bottomless pit...
It’s just that sellers are not so easy to find. In the 35th year of Chengshun, competition in the old-style spinning industry was actually very fierce. Although the market was very large and the room for growth was large enough, those were all large-scale integrated textile companies. Companies and independent textile companies that are enterprising and have core technologies...their mouthful does not mean that a spinning company with turbulent management, backward technology, and no equipment updates in more than ten years like Longdong Textile Company can also earned money.
The operations of a large number of small and medium-sized textile companies are actually just like that. It is not easy to maintain their own survival. How can they have the strength to merge with Longdong Textile Company, which is on the verge of bankruptcy... And the powerful large-scale textile companies and those with exclusive technology Even if they want to buy a medium-sized textile company, they would prefer to wait until Longdong Textile Company is completely bankrupt and reorganized, and then buy their core assets at a cheaper price, such as the land where the factory is located... …
Yes, after more than ten years of continuous decline of Longdong Textile Company, the only thing left that is still valuable is the factory land and factory buildings... But this land has actually been mortgaged long ago, otherwise the financial investment company would also I can't afford to buy this textile company at such a low price.
As for the equipment, they are all from more than ten years ago. They are already behind the times and not worth much.
As for technology, not to mention R&D capabilities. If they really have this technical strength, they won't be on the verge of bankruptcy... They don't even have the technical backbone needed to maintain production.
So after looking around, the financial investment company found that it couldn't be sold overall...
I thought I would make a fortune by bargain-hunting for integration and then reselling the company... I didn't expect that Longyu Textile Company's mess would be bigger than I thought. Not only would it continue to lose money, but it would even be impossible to find a suitable seller.
And this was still the thirty-fifth year of Chengshun... The situation became worse after entering the thirty-sixth year of Chengshun, because starting from this year, the textile industry of the Chu Empire suddenly entered the new cotton yarn era.
With the new generation spinning machine launched by Hantian Machinery Company as the core, coupled with a series of other new equipment, it is possible to produce cotton yarn with better quality and at a lower cost.
The emergence of new cotton yarn instantly brought the textile industry of the Dachu Empire into the era of new cotton yarn. At this time, the old cotton yarn mills that were originally well-run were facing a serious survival crisis, not to mention Longdong Textile Company, which was already on the verge of bankruptcy. .
In the thirty-sixth year of Chengshun, Longdong Textile Company, which was under the management of a financial investment company, suffered huge losses and went from the edge of bankruptcy to insolvency.
The financial investment company took a look at it and thought, well, I should just throw this money into the water... and simply bankrupt this textile company.
Fourteen years after its establishment, Longdong Textile Company came to the end of its life and was completely bankrupt.
The company's bankruptcy directly caused a lot of confusion, especially from the company's creditors.
In order to recover the debt, the creditors formed a team of creditors to take over the company and reorganize it... Although the company is insolvent, the creditors will definitely lose money, but no matter what, they have to get some blood back...
So I started looking for sellers all over the world to take over.
Longdong Textile Company still has some wealth, and its core land and factory assets are still relatively valuable. Although it has been mortgaged, this kind of excellent industrial land near the Beicheng District Industrial Zone is still worth a lot of money. .
In addition, Longdong Textile Company has hundreds of skilled workers. In the eyes of financial investment companies, these workers are a heavy burden, but in the eyes of some peer companies with expansion ambitions, they are high-quality assets. After all, no training is required and they can be used directly. It can be thrown into the production line to squeeze out the remaining value.
Although the production line is not worth much because the equipment is old, it is still somewhat valuable.
Finally, Longdong Textile Company also has an intangible asset, that is, they also have a relatively complete cotton yarn sales system. After all, the Lin family, the former owner of Longdong Textile Company, started out in cotton yarn trading. Later, its trading channels were also closely related to Longdong Textile Company. The production companies of the textile companies were merged together.
Therefore, Longdong Textile Company has its own independent cotton yarn sales channel, and their sales channels are not mainly medium and large textile companies, but mainly small urban and rural weaving factories and even rural terminal retail.
Under such circumstances, the bankruptcy reorganization and sale of Longdong Textile Company has also attracted the attention of many textile companies... Although Longdong Textile Company's cotton yarn production business is no longer profitable or even losing money, it still has some assets worth buying.
The most important thing is that the bankrupt and reorganized Longdong Textile Company is cheap... The creditors only ask for a smaller loss, but there is no intention to make a profit like the previous financial investment company.
Wang Liqing of Anhua Textile Company also took a fancy to this textile company that went bankrupt and reorganized and was looking for a buyer again.
What Wang Liqing was interested in was the factory they built on their own land in Beicheng District, as well as hundreds of skilled workers.
In the past two years, Anhua Textile Company has made a lot of money relying on the new cotton yarn business of Zaozao Xinjun. Relying on high profits, it has been expanding rapidly. It first expanded in its own factory, but the land where Anhua Textile Company is located quickly It’s full.
It is also impossible to add factories in the surrounding areas. Several surrounding companies are doing well and will not give up their factories to you.
Therefore, Wang Liqing could only set his sights outside. However, in order to link up with the headquarters and facilitate control, Wang Liqing's target was still in Beicheng District.
Under such circumstances, the bankrupt and sold Longdong Textile Company came into his sight.
After more than a month of negotiations with creditors, Wang Liqing finally defeated other competitors and won Longdong Textile Company.
Wang Liqing's acquisition this time was very generous, unlike other bidders who wanted to buy at a bargain price and then use Longdong Textile Company's future operating income to repay debts.
Wang Liqing made an offer that creditors could not refuse: pay all debts directly in cash... Of course, this debt was not repaid in full, but at a 40% discount, and it also had to be paid in installments.
This is equivalent to Wang Liqing using Anton Textile Company to accept these debts, and then acquiring Longdong Textile Company with no debt.
Although the creditor's loss is not small, at least 60% of the money can be recovered. As for the installment payment, it is not a big problem!
The most important thing is that Anton Textile Company is very popular now, so there is no need to worry about them not being able to pay back the money!
They are also textile companies whose main business is spinning. Compared with Longdong Textile Company and Anhua Textile Company, they are in the sky and on the ground.
Longdong Textile Company went bankrupt and reorganized.
Anhua Textile Company, on the other hand, relies on its early entry into new cotton yarns to continue to grow and develop, and its development speed even exceeds that of several major competitors.
Because Anhua Textile Company focuses on the cotton yarn industry, unlike several other competitors, when new cotton yarns make money, they want to enter downstream industries such as cloth, printing and dyeing, and obtain more profits...
And doing so has actually aroused the vigilance of the main customers of cotton yarn manufacturers, namely those independent cloth manufacturers!
No one would like it if their suppliers turned into competitors!
This is not the case with Anton Textile Company. They focus on the production of cotton yarn and are solely dedicated to being an independent cotton yarn manufacturer. They do not enter the downstream industry, that is, the weaving industry. This has also gained the favor of more independent weavers and integrated textile companies.
At least there is no need to worry that Anton Textile Company will become its own competitor...and then use new cotton yarn production capacity to gain competitive advantages during the competition process.
So you don’t have to hesitate too much when placing an order...you don’t have to worry about cultivating a strong competitor with your own order.
The excellent market competitiveness of the new cotton yarn, coupled with Anton Textile Company's independent cotton yarn manufacturer business strategy, has allowed them to develop rapidly in the past two years. Now they are among the top three independent cotton yarn manufacturers in Songjiang City.
Its customers are located all over Jiangnan, Zhejiang, Jiangbei, and Yingtian. Its customer base includes not only a large number of small and medium-sized independent weaving manufacturers, but also many medium- and large-scale comprehensive textile enterprises that have also become their customers...
There is no way, the current new cotton yarn is the main direction of the market, but the production growth rate of new cotton yarn cannot keep up with the market demand growth.
The equipment output of new cotton yarns is limited, and the relevant professional talents are also limited. Under such circumstances, it is difficult for even some large integrated textile companies to expand and increase their own new cotton yarn production.
In order to meet their own needs for new cotton yarns, these large integrated textile companies have to purchase new cotton yarns from independent cotton yarn manufacturers in the market.
This is still talking about large comprehensive textile companies. If it is a medium-sized comprehensive textile company with weaker strength, many of them do not even have the production capacity of new cotton yarns... Relevant technical talents in the field of new cotton yarns are now very scarce, and the equipment output is also low. It’s not high. You can’t just make new cotton yarn if you want to make new cotton yarn.
The two major problems of equipment and talents have stumped a large number of small and medium-sized textile companies...
If an enterprise insists on doing it, it’s not impossible. Even if you pay a very high price for equipment, it’s not impossible to buy it... You can’t buy 10,000 pieces of equipment for 10,000 yuan, and you still can’t buy it for 15,000 yuan, but you give it For 20,000 or even 30,000, Songjiang Machinery Company will be happy to give you priority in supplying goods!
You just pay a high price for talents, pay them three to five times their salary, and pay the liquidated damages in the non-compete agreement. It is also very simple to poach people.
However, with such a super-high-cost new cotton yarn production line, the cost of the new cotton yarn produced will also rise to an astonishing level...it will not kill you!
Wang Liqing, on the other hand, took advantage of the first-mover advantage and started cultivating talents early. Sun Xu is the result of his talent training. In addition to Sun Xu, there are actually more than a dozen professional talents in the new cotton yarn field.
In terms of equipment, in addition to ordering products from Hantian Machinery Company early, we also immediately reached a strategic cooperation agreement with Songjiang No. 3 Machinery Company, which has obtained the technical authorization for new spinning equipment. Even though the equipment has not yet been produced, Just spend a lot of money and book it.
Such a large amount of reservations has also allowed Anhua Method Company to become a strategic partner of Songjiang No. 3 Machinery Company. Like a few well-known large-scale comprehensive textile companies, it has priority to purchase new cotton yarn equipment.
Songjiang No. 3 Machinery Company is the only new cotton yarn equipment authorized manufacturer of Hantian Machinery Company in the southeast region...
Textile companies located in the Yangtze River Delta region, if they cannot purchase equipment directly from Hantian Machinery Company, and cannot purchase new cotton yarn equipment from Songjiang No. 3 Machinery Company, then they basically have no hope...
Although patent-licensed machinery manufacturers in other regions also have production capacity, they have long been rounded up by local textile companies, and it is not your turn.
In addition to supplying a few very large comprehensive textile companies such as Su Qin Textile Company, the new cotton yarn equipment produced by Songjiang Third Machinery Company, the rest are taken over by several large independent cotton yarn manufacturers in Songjiang City, among which Anhua Textile Company The priority ranking inside is not low.
As for other small and medium-sized integrated textile companies and independent cotton yarn manufacturers...at this time, even if they have money, they cannot buy new cotton yarn equipment.
If the new cotton yarn business these days is printing money, then the new upstream cotton yarn equipment is a money printing machine... you can't just buy it if you want to.
Either it has absolute strength, such as a giant like Su Qin Textile Company, even Hantian Machinery Company has to take the initiative to sell money printing machines door-to-door... To be honest, there were no two giants like Su Qin Textile Company and Hantian Textile Company back then. If Wuba Enterprise adopts new cotton yarn, promotes new cotton yarn to the market, and formulates a series of new cotton yarn industry standards, it is still a question whether the new cotton yarn can be promoted.
After all, in many cases, good things do not necessarily mean they will sell well... Without the endorsement of giants and the establishment of industry rules, a large number of small and medium-sized manufacturers will not pay attention to you at all, or even if they want to, it is useless because industry standards are inconsistent. The product standards produced are incompatible with the market.
You must know that this is an era of industrialization, and all walks of life have a large number of recognized industry standards... If the industry standards are not met, even the equipment is incompatible, and engineers trained according to industry standards will not understand what you are doing, then What a joke...
Therefore, giants like Suqin Textile Company and Hantian Textile Company, standing at the top of the textile industry, can easily make the most profits by setting industry standards. Even Hantian Machinery Company, which produces banknote printing machines, If you want to let your own banknote printing machine enter the market, you have to give it to them for trial first to see whether the new banknotes produced are strong.
In addition to giants like Su Qin Textile Company, the only companies that were able to obtain sufficient equipment in the two years after the new cotton yarn came out were the few companies that saw the opportunity and spent money to enter the market early.
For example, Anton Textile Company and several major independent cotton yarn competitors saw the opportunity early, and then gritted their teeth at Songjiang Third Machinery Company, which had not even produced a prototype... No, they had not even obtained the technical authorization. When you understand, just splash out the money and make a reservation.
In this way, a large amount of R&D funds were directly given to Songjiang No. 3 Machinery Company to help them complete the technology digestion as soon as possible and put it into production as soon as possible, and then relied on this to obtain priority purchasing rights.
I'm sorry for other companies. Before the output of new cotton yarn equipment increases, basically don't expect to be able to obtain corresponding new cotton yarn equipment in large quantities.
Anhua Textile Company relied on this to start its rapid expansion.
The acquisition of Longdong Textile Company is one of the important strategies.
Although Longdong Textile Company was mismanaged and went bankrupt, in Wang Liqing's view, or from the perspective of Anhua Textile Company, it is still a very worthy acquisition... First of all, it is cheap, and it can still claim debts in installments. Payment.
At the same time, this bankrupt textile company owns the factory buildings and land used by the factory in the core industrial zone of Beicheng District. Its land and land are enough to accommodate multiple production lines and more than a thousand employees.
This alone is worth Wang Liqing's action.
In addition, it also has more than 300 skilled workers, which can save workers’ training time and can be put into production directly after the equipment is installed, installed and debugged.
Under such circumstances, Longdong Textile Company was wholly acquired by Anhua Textile Company and became the second branch of Anhua Textile Company. The name Longdong Textile Company completely disappeared from history.
In order to operate the second branch factory, Anhua Textile Company transferred a group of managers and technical personnel from the headquarters, with a team of dozens of people stationed in the second branch factory.
Among them are Sun Xu, the chief of the mechanical maintenance department of the second branch factory, and the mechanical maintenance team of more than 20 people led by him. Not all mechanics in this mechanical maintenance team will be transferred to the second branch factory. In fact, Most of them are only temporarily seconded, and they will return to the main factory after the first batch of equipment is installed and debugged and on track.
The last remaining mechanic team consisted of Sun Xu, two team leaders, and eight ordinary mechanics.
A mechanical repair team of only eleven people is naturally not enough... After all, according to the plan, the second branch factory will have more than 800 employees after the first phase of production is put into operation. If everything goes well in the future, it will continue to expand until Once the factory's land and buildings are used up, the total number of employees may reach a thousand.
Therefore, before the mechanics seconded from the main factory return, Sun Xu has to recruit a certain number of new mechanics from the talent market to enrich his team.
After all, his machine repair team will be responsible for a second branch factory with a thousand people and huge production capacity in the future. The amount of equipment that needs to be installed, debugged, and maintained is not a small amount.
Before the first batch of equipment arrived, Sun Xu hurriedly launched a talent recruitment plan. In order to recruit mechanics with sufficient abilities as soon as possible, he did not hesitate to go to the talent market to recruit many times.
It's a pity that after several days of recruiting, he couldn't find a mechanic who knew how to use new cotton yarn equipment... Let alone recruiting him, he had never seen one...
Mechanics who understand new cotton yarn equipment seem to be extinct in the talent market!
Not to mention recruiting people, when he went to the job market to recruit people, it was known that he was the new mechanic in charge of new cotton yarn equipment, and he was also the chief of the mechanical maintenance department of the second branch of Anhua Textile Company. A group of heads of textile companies came to the door and wanted to poach...
Subsequently, several textile company bosses personally came to try to poach employees. They promised high salaries and the position of supervisor of the machine repair team as soon as they arrived. One small boss even said that he would even give them shares...
It's a pity that the liquidated damages in his non-competition agreement are too high. The liquidated damages of more than 70,000 yuan are enough to dispel all thoughts of forced poaching...
Wang Liqing is not stupid. He cannot poach the technical backbone of other companies, and naturally he cannot let others poach his own core technical backbone.
The new three-year guaranteed contract, with high salary and benefits, also comes with a non-competition agreement with liquidated damages of more than 70,000 yuan.
But when Section Chief Wang from the main factory heard about this, he woke him up: "If you find a new mechanic in the job market, I won't even need to lend him to you!"
"And if new mechanics are so easy to find, can you still get the position of section chief of this branch?"
"Don't think about recruiting new mechanics who can work as soon as they arrive. That's impossible... recruit new mechanics and train them yourself slowly!"
“Talent is so rare these days!”
After hearing this, and combined with the job market these days, Sun Xu fully understood why his boss Wang Liqing and his boss, Section Chief Wang, insisted on letting him come over to be the chief of the mechanical maintenance section of this branch, with double the salary and rewards. Rich!
I dare say that I am a dabbler, but I am already considered a top talent in the new cotton yarn field...
To be honest, this makes Sun Xu somewhat confused about the current development of the industry...
He has always been worried that after several years of rapid development in the industry, the value of relevant technical talents will rapidly depreciate, and then he will have a salary cut or even lose his job. For this reason, he has been very frugal in the past two years, never extravagant or wasteful, just to save money quickly. I paid off the loan before losing my salary and losing my job.
But reality keeps telling him that the industry is still very hot and relevant technical talents are also very valuable.
This is really... Sun Xu didn't know whether he was too conservative or cautious, or whether people were too crazy!
(End of chapter)
