Great Power Industry: You're a private company building an aircraft carrier?

94, April 3.

The group from Dongguo Steel arrived at Laiyang Plant.

"Mr. Qin, it's a pleasure to meet you. Let me introduce you. This is our president, Mr. Jin."

Jung Soo-hwan said, "After we reached an agreement with your side last time, your government instructed us to contact First Heavy Industries. I didn't expect that we would come back to you after going around in circles."

Qin Chuan had no intention of exposing the South Koreans' ulterior motives.

He extended his hand warmly: "President Jin, welcome to our Laiyang plant. The ordinary parts of the rolling mill are all produced by First Heavy Machinery, and the key parts are produced here. First Heavy Machinery has entrusted us with all the subsequent cooperation."

Jin Zhongqin nodded: "We came from the First Heavy Machinery Plant and have already inspected those parts. Now, let's take a look at the key components. If the precision doesn't meet the requirements..."

"That's impossible. Our rolling mill is operating normally. There's absolutely no problem with the products from our Laiyang plant!"

What are you trying to say? You want something if the precision isn't good enough, then you want compensation? I'll shut you up first!

Kim Jong-geun was somewhat embarrassed.

"Let's go take a look at the parts first."

The gleaming rollers were laid out on the ground, next to wooden crates, ready to be moved at any time.

The width of a rolling mill is determined by the rolls. The width of the roll body, that is, the widest part in the middle, determines the width of the rolled steel plate.

Of course, this is the maximum width; in reality, the width of the rolled steel plate is slightly lower than the width of this roll.

The 5.5-meter rolling mill mainly rolls steel plates with widths of about 5.2 and 5.3 meters.

A group of engineers from Dongguo Steel came up and took various measurements.

"The accuracy is not an issue!"

"Hardness and toughness are both fine!"

Listening to the measurement results of various data, Jin Zhongqin nodded in satisfaction: "Not bad, not bad, the products from your Laiyang factory are indeed of the best quality! Let's take a look at the other equipment."

Half a day passed by in a flash.

“Currently, all the parts are complete, and the next step is transportation,” Kim Jong-geun said. “We hope you can load them onto the ship and transport them to us as soon as possible.”

"Of course, no problem." Qin Chuan nodded: "As long as you pay the balance, we will arrange the export transportation immediately."

Final payment!

Upon hearing this word, Kim Jong-geun's expression became slightly unnatural, but he quickly recovered: "We South Koreans have always been honest and trustworthy in doing business. As long as you load the machine onto the ship, transport it, install it properly, and put it into normal use, we will immediately make the final payment."

The $200 million is only a 10% deposit; there's still $1.8 billion to go!

When will I receive the money?

"I thought you guys were rich, but it turns out you're just poor..." Qin Chuan left the last word unsaid, his face full of contempt: "Since that's the case, then we'll take 80% first. You pay another 1.6 billion US dollars, and we'll arrange for the shipment. You can pay the remaining 200 million after we've installed the machinery."

Kim Jong-geun frowned: "No, we've already agreed on the contract, and the 10% down payment has been made. Next, you must ship the goods and install them properly. If you don't, it's a breach of contract, which means double the compensation—four billion US dollars!"

“The previous contract only agreed on a 10% down payment, which is because state-owned enterprises are easy to fool. If you come to us, the down payment will be at least half,” Qin Chuan said. “Now, are you not planning to take this machine?”

"Of course we want it! We just said we'd pay after the equipment is installed!" Kim Jong-geun's tone turned cold.

"If you want it, you need to pay an additional 80% deposit and leave the remaining 10% as a balance. Otherwise, you will be in breach of contract, and we have the right to export the machine to a third party. Moreover, your deposit will not be refunded!"

The moment Qin Chuan uttered those words, the South Koreans immediately flew into a rage.

"What did you say?"

"Is this how you Easterners do business?"

"Do you even have any sense of contractual obligation?"

"Everyone knows who lacks a sense of contractual obligation," Qin Chuan said. "According to international practice, the initial payment is 30%, the remaining 40% is paid upon shipment, and the final 30% is paid after the goods arrive at their destination. You only intend to pay 10% and expect to get your hands on the equipment?"

Qin Chuan looked at Zheng Zhuhuan: "Excuse me, did you accurately convey my meaning to your president? This 5.5-meter rolling mill costs tens of billions internationally, but we only sell it for 2 billion. This is out of a need to jointly counter the manufacturing of Japanese companies. I treat you as friends, but you treat me like a fat sheep?"

"Engineer Qin, please calm down, it's not like that, it's not like that, it's just..." Zheng Zhuhuan's face turned pale, and he murmured.

"Just what? Give me a reasonable explanation," Qin Chuan said. "Don't think we're easy to fool!"

"Our Dongguo Steel recently..."

How have you been lately?

Jin Zhongqin sighed, "Engineer Qin, we need this rolling mill, but we have a new investment project coming up, so we can't come up with that much money right now. As long as you can deliver the rolling mill to us and install it, we can repay you quickly..."

"What do I care if you're short of money?" Qin Chuan said. "I hate collecting debts the most. Creditors are always the bosses! If you don't have money now, why are you even buying anything? Construction, see the guests out!"

After Qin Chuan finished speaking, he turned and left.

Buying things without having money ready?

They even plan to swindle four billion US dollars from us and take it back to invest?

Now that they've seen they didn't succeed in scamming him, they're starting to complain again?

Are you South Koreans or Indians? Isn't this kind of shady tactic a specialty of Indians?

"Everyone, please!" Li Jianshe said without hesitation.

Anyway, we've already received the $200 million down payment. If we kick them out now, the down payment definitely won't be refunded. There are plenty of people who want this rolling mill. It's a hot commodity on the international market. Are we worried about not being able to sell it?

Therefore, the most appropriate course of action is to drive these people away now, take their down payments, and then find new buyers.

Sue?

We're not afraid of going to court; we'll fight to the bitter end!

"Mr. Qin, please wait, we really want to make an important investment..."

"This has nothing to do with me! I know what kind of investment you're making! You have absolutely no sincerity!"

"It's an iron ore investment!" Kim Jong-gin exclaimed anxiously. "We're planning to join forces to bid on this project. We intend to use the remaining $1.8 billion to acquire equity in a new iron ore mine. Please help us! We'll provide the rolling mill first, and we'll definitely raise the remaining balance. In the future, we can also supply you with iron ore at a low price!"

Dongguk Steel is also eyeing new iron ore mines?

There are only so many iron ore mines in the world, and they are all controlled by three multinational companies. Dongguo Steel has 1.8 billion in its hands and wants to exchange them for iron ore. Where is that iron ore mine?

The answer is obvious!

Guinea's iron ore mines have already been targeted, and it's estimated that there's more than one company involved!