[Episode 142] The True Value of Boseong Construction
The acquisition was completed by handing over the incinerator and site to Yongin City without any conditions.
proceeded as quickly as possible.
Instead, the incineration of the accumulated waste was even disposed of.
He asked the village for his understanding that he would only dispose of the remaining waste and shut down the operation.
And the municipal waste from Yongin city was either transferred to another incinerator or Nuri promised to dispose of it.
“I heard that you have taken over the Yongin Waste Incinerator. Congratulations.”
“Thank you, Chairman Park.”
“But a huge amount of money has to be invested in the new facility.”
“I know that too. We are going to demolish the incinerator and build a new one, but I would like Boseong to take charge of the construction of the incinerator.”
I had heard that Boseong was the architect who designed and built the steelworks in Gangdong.
I wanted to build an incinerator with that know-how.
“I expected this day to come, but I didn’t expect it to happen so soon.”
I was convinced that one day Siwoo Lee would go beyond the crushing plant and build an incineration plant.
However, the period has been greatly shortened.
“How come… I must say I was lucky.”
“It’s not luck, it’s the CEO’s ability and talent. In Boseong, we have experts who can design an incinerator. This is because we have prepared in advance so that we can take responsibility for even the incinerator.”
Park Soo-beom promised that one day he would be helpful to Si-woo Lee.
Therefore, in order to keep his promise, he has expanded the manpower who can design the incinerator in advance.
“And I think I have to make a difficult request to the president.”
“What are you going to ask for?”
“Like the waste-fired power plant built in Germany, I would like to add the technology of the thermal power plant to the newly built incinerator.”
“Hmm, that would make the construction cost astronomical, but… … .”
“Still, I think it is a business that someone should try.”
Siwoo Lee planned to add the principle of a shredder to the incinerator.
If the waste was burned as it is, there were many things that did not burn.
One more process had to be added to reduce defective products.
“I am concerned that burning waste will produce firepower.”
“I would like to add the principle of the shredder as well. Wouldn’t the firepower increase if the waste was crushed and burned?”
If it was a new facility to be built anyway, I wanted to build it more perfectly.
It was hoped that the newly built place would be a symbol of Nuri no matter how much it cost.
“I think it’s something that can be greedy. good. We will make your dream come true in Boseong.”
“please.”
Siwoo Lee faithfully kept his promise not to be complacent.
When the arboretum was established, I wanted to start a new business.
Now we have decided to expand the area to the incinerator.
* * *
Injehu, the head of the Jehu group’s president’s office, smiled faintly as he looked at the newspaper articles.
“Certainly I am. Now that there are not enough shredders, we will expand the area to include incinerators… … .”
“Isn’t that a good decision? If you look at the private companies that are investing in incinerators, you can see that there are more and more places that are established by attracting funds from abroad.”
“The hardship is the same as the hardship, and the source of that technology is all gone abroad. The Republic of Korea should now promote the development of incinerators with Korean capital.”
Inje-hoo looked at the face of Shin Won-sun, a friend who had been visiting for a long time.
“By the way, are you okay?”
“me? I’m fine.”
“Your face looks pale?”
“it’s okay. Don’t worry.”
After giving a faint smile, Shin Won-sun got up and walked to the window.
“I heard from CEO Park Soo-beom that it could be a large project. It doesn’t look like the CEO is simply trying to build an incinerator.”
“Hmm, what if it’s not just a simple incinerator?”
“You seem to be thinking about a waste thermal power plant as well. And there are even plans to develop new materials using coal ash.”
“It’s a new material… … .”
“The fusion of coal and steel. It will probably take a lot of time for this plan to come true.”
Inje-hoo, who heard part of Si-woo Lee’s plan, burst out laughing.
Research to make something using the surplus coal ash has been steadily progressing.
But so far there have been no results.
“Do you think it is possible?”
“Human technology is advancing gradually. It will never be completed in our generation, but, no matter how late, will it not be made in the next generation?”
“The ability to make a plan and execute it as it is is the greatest strength of CEO Lee Si-woo.”
“Even if it is a reckless challenge, I want to support Lee.”
Siwoo Lee was a talented person who would bring innovation to waste disposal.
I thought the last thing I had to do was to help make that will come true.
“So, do you want Jehu Group and Gangdong Steelworks to decide to invest at the same time?”
“If you could do that, it would be great.”
It took a huge amount of money to build an incinerator.
In addition, in order to achieve the appearance of the incinerator that Siwoo Lee planned, it should not be considered as the cost of simply building an incinerator.
“In one year, CEO Lee Si-woo has made the lord group more radiant with trees.”
The amount invested by the Jehu Group in the tree was considerable.
They even offered a company called Gyeonggi Landscaping and wanted to revitalize the trees.
And as expected by Injehu, the arboretum was functioning well enough.
“Trust me once more this time.”
“Do you know what you think of CEO Lee Si-woo?”
“… … .”
“CEO Lee Si-woo looks like family to you. After losing Dong-hwan, your eyes have changed.”
“is it?”
Shin Won-sun gave a faint smile.
“I am not making investment decisions for you, my friend. It’s because the business feasibility that CEO Lee Si-woo is trying to do is excellent.”
“Thank you for thinking that way.”
“What thanks… Because I also want the recycling industry to revive. It would be nice to be able to generate electricity as well as waste disposal.”
And if Si-woo Lee made a waste-fired power plant, the steel mill could adopt the same method.
The thermal power of the steel mill is higher than that of the incinerator.
* * *
“Are you here, sir?”
Jin Jun-sik, who was contacted to visit the headquarters today, greeted Lee Si-woo in front of the office in neat clothes.
“Did you schedule the construction of the headquarters office?”
Although time passed, the headquarters did not change.
The office still consisted of container boxes, and the floor space did not increase.
When it was decided to host an incinerator in Yongin, the expansion of the headquarters was also necessary.
“We are negotiating with Bo.”
“Are you buying land nearby?”
“I think it will be finished within a month. However, since it is a project that requires too much money, Director Jin Eun-soo has not yet approved it.”
A plan was made to increase the site of the junkyard from about 1,000 pyeong to 5,000 pyeong.
Although there were many places to invest, it was concluded that the expansion of the headquarters, which is enjoyed first, was necessary.
“How much money do you think should be invested?”
“We need to purchase an additional 4,000 pyeong, but as you know, the price of the land here has jumped too much. It seems that about 2 billion won should be invested just to purchase the land.”
The price of land in this area has steadily risen due to the rise of industrial complexes as well as apartments in the vicinity.
“Is it better to relocate the headquarters? Or is it better to expand? I want to hear what CEO Jin thinks.”
“To be honest, I would like to decide to relocate the headquarters, but does this junk store have a special meaning to you?”
This place was being maintained on a much smaller scale than the other branches.
However, because of the symbolism of a company called Nuri, from Siwoo Lee’s point of view, he wanted to expand rather than before.
“If it’s that big, I think it’s better to decide on an expansion rather than a previous one.”
“Then we will proceed.”
“Isn’t the business partner going to keep it up?”
“It is a growing trend. The synergy effect is considerable because waste and scrap metal are combined together.”
Si-woo Lee nodded his head satisfactorily and looked around the headquarters once more.
Then he came into the office and asked Jin Jun-sik, who followed him with a tired expression on his head.
“Are you worthy of your position?”
“I am more comfortable working than the waste side. I’ve heard it’s not even a riot now.”
“Yes. Even if the incinerator has been successfully taken over, there are many problems.”
It was said that Yongin City gave the incinerator free of charge, but the cost was not high.
I didn’t know if it would be the biggest project Nuri has ever done.
The amount of investment may also hit an all-time high.
“CEO, how much powder is coming in?”
Among scrap iron, small particles were called powder iron.
Usually, in the field, it was often called ‘Giruko’.
“In the case of powder iron, about 100 tons are received per month.”
“It’s less than I thought.”
“yes. I rarely do business with factories that produce powder iron. As you know, powder iron contains a lot of impurities, doesn’t it?”
I was still rotting my head with coal ash, but I couldn’t use coal to light a fire in the incinerator.
“Increase your trading volume. The trading volume of powder iron will have to be increased to at least 1,000 tons.”
“May I ask why?”
“I plan to use the burning power of the incinerator as powder iron. When coal is used, only coal ash increases.”
Of course, you could pass it on for money with coal ash.
However, coal ash from burning waste was sufficient.
The difference in temperature between increasing the thermal power with coal and increasing the thermal power with powder iron was extreme.
“I will prepare.”
“Give me one year. You have to increase it as much as possible.”
The original use of powder iron was used as a spark in the steelworks.
The particles are small and it is best for raising the temperature of the furnace.
“I will make sure to bring all the powder from this area.”
“I don’t want it to go into a monopoly. You know? What do I mean?”
Even if Nuri was a large company, there was an ecosystem for each industry.
Usually, it was the large companies that broke the ecosystem.
As I entered the market regardless of whether it was money, a lot of it turned into a monopoly.
“of course. I try not to touch other junk dealers as much as possible, sir.”
“Good job. Growing territory will yield better results than monopoly.”
“of course.”
Jin Jun-sik was also a veteran who went through everything before and after childbirth on this floor.
If he had expressed any more concern, he would only hear him as a nagging voice.
“Is branch 2 running smoothly?”
“yes. For one year, the sales of the two branches are increasing day by day under the leadership of the general manager.”
“Still, I’m doing better than I was worried about. CEO.”
“Yes, tell me.”
“Please hold this position for only five years. It may be burdensome and difficult at times, but I ask for it.”
“You don’t have to worry. In five years, Kwangwoon will be able to grow enough to become the CEO.”
The person who will be the next representative after Jin Jun-sik has already been appointed.
Moon Kwang-woon was not yet experienced enough to sit on the president’s seat.
From the moment he entrusted Jin Jun-sik as the CEO, Si-woo Lee told him about his plans.
“Chief In Chae-hwa, please report the net sales of Nuri Cheolje.”
In Chae-hwa, who was assigned to branch 2, was now serving as a secretary by Jin Jun-sik.
Once a month, Siwoo Lee went around each affiliate and received a report.
“The increase in sales compared to the previous month is not that high. But the net profit has gone up.”
The range of sales, which had risen sharply in one year, was gradually decreasing.
However, the net profit increased instead of the decrease in sales.
“How much is Nuri Iron’s current sales?”
“The monthly tonnage delivered to the Gangdong Works is about 10,000 tons, which is about 3.5 billion won. Including non-ferrous metals, we are generating about 4 billion won in sales. Among them, the net profit is about 15 billion won. But this month net profit was measured at 1.7 billion.”
After deducting taxes, the cost of buying scrap metal, and so forth, it made a significant net profit.
This was possible because scrap metal prices continued to rise.
“Now, starting next month, the net profit will decrease little by little. There will be an adjustment in the price of scrap metal.”
“I am expecting it.”
“Perhaps the unit price will drop significantly. We only keep it for about a month.”
In the future, it was stated that the price would drop by 40 won in one month.
If it falls sharply from next week, it’s good to start piling it up now.
“However, you have to show some sincerity to Gangdong, so only ship about 3,000 tons and pile up the rest as much as possible.”
“I will proceed that way.”
Jin Jun-sik answered instead of In-chae-hwa.
Siwoo Lee, who finally received the sales report, stood up.
“CEO, CEO Lee Min-koo said that today’s schedule should be delayed a little.”
When I opened the door to the office and left, Moo-Yeol Lee, who was waiting, told me the schedule.
“It’s been a while since I’ve been to the head office, so let’s take a look around the business partners.”
“Where can I take you?”
“Dan goes to the resource. Our resource went last month.”
