As soon as the news spread that the province of Bosnia and Herzegovina was going to build a strong province in heavy industry, it immediately caused a sensation in capital circles.

The layman looks at the bustle, and the insider looks at the doorway.

Heavy industry has always been a big investment, and it is a long-term investment. An investment that cannot recover the cost for a few years or more than ten years is a normal operation.

Similarly, once the industry grows bigger, the profits are much higher. This threshold alone eliminates most competitors, and heavy industry companies have far fewer competitors than other industries.

At present, the Austrian economy has just emerged from the crisis and is in the beginning of rapid development, and the demand for steel and copper has increased significantly, and the supply is in short supply.

Theoretically, as long as they are produced, these two products will not be sold at all. However, this is only modern, and to join the industry, it is not a matter of a day or two.

According to past experience, it takes at least two or three years from the beginning of finding a suitable plant to the launch of the product.

In fact, it takes a longer time, not to mention the internal preparation in advance, this kind of large investment must organize professional prospecting, but also to carry out a comprehensive cost assessment, but also to consider transportation, market analysis is also indispensable.

In this era, there are not so many professional institutions to do it for them, and all of them have to be organized and judged by investors themselves. These alone are not enough, even if it is a bank loan investment, the cost of the initial investment is at least hundreds of thousands of Aegis.

It can be said that most of them were eliminated from the beginning. Don't come if you don't have money, this industry is a special session for capital predators, and small workshops now have no room for survival.

It is impossible to empty gloves white wolf, the banks are all private, one is stricter than the other, there is no collateral, and no one wants to lend huge sums of money.

And in this era, the investment in heavy industry has long climbed to millions of shields, even if it costs tens of millions of shields, it is not impossible.

The most valuable thing is not the machinery and equipment, but the mines that produce raw materials. There is no shortage of cheap mines in Austria, but since they are cheap, they also mean that they are much more difficult to mine, or they are poor mines with a certain mining value.

Experienced practitioners know that this is a bargain. If you can't control production costs, you will have to cool down once you encounter an economic crisis.

As for the separate operation of mines and smelters, that does not exist, and the most popular ones now are collectivization and industrial chain, which are generally one-stop services from upstream raw material production to downstream product sales.

Industrial segmentation, which is based on the fact that local raw materials are exhausted and must be purchased from outside. This would significantly increase the cost, which the capitalists did not like.

At present, the biggest problem of French industry is to import coal from the outside world, which increases the cost of the industry, which is why Napoleon III has his eyes on the Rhineland.

The Vienna Starbucks Club, as soon as he saw the name, knew that this was Franz's bad taste, and most of the well-known companies in his memory were made out in advance.

Of course, many may have changed, and too much time has passed, and memories can also be wrong. Sometimes vague memories of companies with the same name have very different business scopes.

Michelin can be turned into an ice cream brand, Country Garden can become a park, and there are many corporate names that have been broken.

These changes are destined to be unknown to anyone, and several middle-aged faces in the box are chatting while playing bowling.

A middle-aged man threw the ball in his hand and asked with a smile: "Thor, do you really want to go to Bosnia and Herzegovina to invest in heavy industry?" ”

Thor smiled slightly and said, "Quanzhong, Wells, your skills have improved again. ”

He stepped forward, threw the ball in his hand, sighed, and added:

"Yes, I have plans for that. At present, most of the domestic industries are saturated, and the emerging industries seem to be very rich, but we can't play around.

The advantages of Austrian new energy power companies are too great, even if we join now, we can only follow them to eat.

It is also unreliable to do the financial industry all the time, the investment is too concentrated, and the ability to resist risks is too low. Although the initial investment in heavy industry is large, the development potential is also great.

Compared to emerging industries, these technologies are already mature. You know, I also have a half-dead steel mill in my hands, and it's not completely unfounded to enter the industry. ”

Several of the people present were shareholders of the Austrian Savings Bank, and they were also the behind-the-scenes bosses of several securities companies, and even completed the transition of status and obtained the title of nobility.

However, these bigwigs also have a sense of crisis, and with the standardization of the financial order, the risk of manipulating the stock market is getting higher and higher.

As a member of the new aristocracy, they also cherish feathers. No one wants to go through a lot of trouble to step into high society and immediately become ruined.

You must know that they are lifelong nobles, and there are other names called: quasi-nobles, or nobles during the inspection period.

Usually at this stage, the old nobles will look at them with a magnifying glass. Once you commit a crime, it is easy to be knocked into the dust.

Austria's noble titles are not cheap, if you want to use money to smash the noble title, if you are lucky, maybe tens of thousands of Aegis will be enough, and if you are unlucky, you may be able to smash millions of Aegis.

The military merit knighthood system is full of discrimination against kryptonite players like them. Organize a group to go to the colony to brush up on military merits, and the people below will also share the profits, but it won't all fall on the boss behind the scenes.

If you brush the title of nobility in China, it will be even more difficult. A knighthood is possible only if he has made a significant contribution to society and is recognized by Franz.

Franz has succeeded to the throne for so many years, and only two capitalists have accomplished this feat, but because of scientific and technological inventions, there are more than 20 scientists who have won the title of nobility.

Wells shook his head and said, "Thor, you're too optimistic. I think that mining salt in the province of Bosnia and Herzegovina should be more profitable than heavy industry, at least the return on investment faster.

Heavy industry is dominated by Austrian Steel Group, a state-owned enterprise that has too much of an advantage and monopolizes nearly half of the country's steel production.

It's too difficult to defeat them, but it's not as good as other industries. Even the newly emerging Austrian renewable energy power company does not have such a big advantage. ”

Thor threw out the bowling ball again and said, "It seems that we are having a hard time convincing each other."

Austrian new energy power companies rely on a win-win cooperation model, and they have a large market share in the European continent, even in Britain and France.

Although this share is potential, they have already established a system in which most of the utilities have become their strategic partners, and as long as there are no accidents, they will become a reality.

Once copper production increases, the cost of power equipment decreases, and most of Europe's electricity supply will be monopolized by this alliance, I don't think the power company you're tinkering with will be able to break through.

On the contrary, it is the Austrian steel group that is easy to deal with, they are state-owned enterprises, and they will not kill us except for normal business competition.

Until supply and demand change, there will be no direct conflict. This is long enough time for us to grow and develop. ”

It is a fact that the monopoly established by the Austrian new energy power company is mainly a standard system, incidentally selling equipment.

Among the subsidiaries established in various places, Austrian new energy power companies do not have a dominant position, and most of the shares are divided, and in some areas it is simply technology shares.

This is the advantage of mastering the core technology, even if you are not a major shareholder, you have a lot of voice in the company, and you don't have to worry about being excluded at all.

As a latecomer, it is very difficult to break this monopoly. The biggest problem is that they don't have the core technology and can't break through the patent barriers.

No one knows when they will be able to come up with another system. The market waits for no one, and once the standard is popularized, it will be difficult to intervene.

You can't just tear down the installed power supply network and replace it with their new technical standards, right? It's not a question of whether it works or not, it's why everyone wants to change it.

If there is not enough interest, who will abandon the already mature equipment and replace it with new power equipment that has not passed the inspection.

Only when they can come up with a new technical system before the technology is popularized and apply it in practice and achieve success, will they have the ability to compete.

Wells waved his hand, showed an innocent expression, and said, "Okay, I'll give up convincing you." Still, my friend. Who told you that I was going to compete with them?

It's true that I invested in a power company, but the gap between the strength of the two sides is too big, and if you want to jump into the sinkhole of the power supply system, then you can only become cannon fodder.

According to the engineers, not to mention circumventing patent barriers, even if there are no patent restrictions, it is impossible to copy their technology without three or five years.

This is a complete technical system, but it is not just a technology, and it is impossible to lack any link. Otherwise, the British and French would not have bought the patent license, but would have started anew.

The power company I invested in is developing the industrial application of electricity, using electric machinery and equipment to replace the steam engine on the market, and the two sides are not competitors at all. ”

In theory, the potential of these technologies is limitless, but the amount of money required is not small. Wells wanted to convince Thor, but it was actually a matter of funding.

It's not that he doesn't have money, it's that the research and development of new technologies is full of uncertainties, and he needs to find someone to share the risk.

Judging from the current market situation, this new technology enterprise has the shortest lifespan and is the main force in reducing the average life expectancy of Austrian enterprises.

In contrast, the vitality of traditional enterprises is much stronger, and it is normal to survive for twenty or thirty years, and there are not a few century-old enterprises.

After all, traditional industries are assets that can be sold. Many businesses have changed hands many times and are still surviving.

In contrast, the high-tech innovation industry is different. If you are lucky enough to develop a new technology, then the enterprise is still valuable; If you are unlucky, you can't do anything, and such a business is completely worthless.

Companies that don't have results don't live long, investors have limited patience, and no one waits for them to sharpen their swords in ten years.

The shortest tech companies have a lifespan of only a few months. When developing a technology, because competitors produce results first, they will be rejected by investors as having no potential.

The capital market is so cruel, the weak eat the strong, and the fittest survive.

It is not surprising that capitalists are reluctant to invest in new high-tech enterprises. Not only is it risky, but even if it is a result, it may not have commercial value.

As a result, most of the scientific and technological inventions and innovations of the 19th century were driven by individuals. Only after the results have been achieved will capital rush to promote the technological revolution.

If it weren't for the Austrian new energy power company that sprung up and built a city that never sleeps in Vienna, which made everyone see the importance of electricity, the power industry would not have been popular with capital.

Even so, capitalists are looking for ways to reduce risk. This is also the reason why the strategic expansion of Austrian new energy power companies can be so smooth.

This is a dispute between the two investment ideas, there is no right or wrong, only suitable or not.

The fact that they did not enter the light industry is enough to prove the foresight of the two. Of course, the economic crisis that has just ended should also be an important influencing factor.

Capital does not avoid risks, but capitalists have an instinct to avoid risks. Industries where overcapacity has occurred, everyone knows that it is a sunset industry.

It is not easy for the sunset industry to survive, and it is obviously impossible to make huge profits.

Seeing that the scene was a little embarrassing, Lawrence Loveski, who was traveling with him, changed the subject and said, "It's almost 12 o'clock, and we should have lunch." I think the beef at the restaurant next door is good, why don't you try it? ”

Thor laughed, "I prefer their goose, what about you?" ”

……