Journey 1995:Non-Stop

Chapter 321 Start of Construction

Not many people knew that Yan Hui had bought the land, but Director Xiang was quite aware of it.

In the initial stages of land development, temporary prefabricated houses and perimeter fencing will definitely be needed. This area is far from residential areas, with the nearest residential area being six or seven kilometers away as the crow flies, so temporary prefabricated houses are indispensable. Sending two sets to the factory manager is already a generous gesture, enough for the initial surveying, planning, and land leveling phases.

"Director Xiang, you're really a meticulous person," Yan Hui said with a smile. Without standing on ceremony, he took out the blueprints and looked at them. "Then let the workers move to this place."

"Is that over there?" Xiang looked at the diagram and carefully confirmed it. "Okay, I'll have them install it."

"I plan to hold a groundbreaking ceremony on September 30th. All the relevant leaders will be there, and we will officially start construction on October 1st. I hope Director Xiang will come and show his support," Yan Hui said with a smile.

"Of course, is it convenient for me to bring more people?" Director Xiang was also prepared to support Yan Hui.

“Easy! I’ll arrange it that evening!” Yan Hui said with a smile.

As the two chatted, the truck arrived at the designated area and began unloading and assembling the goods. The brother-in-law and cousin followed.

After exchanging pleasantries, my cousin said he was ready to go back.

This investment was no small sum for my cousin, and he had come specifically for it with my uncle's approval. My cousin had long wanted to invest in Yan Hui, especially after hearing about Yan Hui's comeback. He even considered investing in their steel formwork and plywood businesses, but Yan Hui had never seemed to lack funds for those businesses.

Regarding the polyurethane project, my cousin brought a professional with him on this trip; he's also an expert from a chemical plant. This expert looked at Chen Jian's product, said nothing, and simply nodded silently.

Compared to his cousin's caution, his brother-in-law was different; he directly chose to follow suit.

At noon, Yan Hui hosted a banquet, inviting his cousin and others to lunch.

During the meal, Yan Hui said to his cousin with a slight apology, "Brother, I'm really sorry for not being a good host for you this time. I'm under pressure to build the factory right now, and I'm doing my best to save costs. I don't even dare to spend money on myself."

“I feel more at ease with your personality. I’ve invested over 200 million here, and the more frugal you are, the more at ease I feel.” Hearing Yan Hui say this, his cousin was genuinely very happy.

"Yeah, I'm going to have to endure some tough times for a while." Yan Hui didn't seem to mind.

In recent years, he hasn't really had a "good life," and his personal expenses haven't been high. Ever since he had his dream of working in the chemical industry, he has been working hard towards it. Although he is richer now than when he built his business, he is simply unwilling to spend a lot of money.

However, if the chemical process succeeds...
After talking with his cousin, Yan Hui went to talk to his brother-in-law about the warehouse.

Yan Hui plans to live at the construction site, and his brother-in-law needs to find another person for the warehouse.

“It’s no big deal, but it’ll definitely be cold at the construction site in winter. Are you planning to leave Lingling here, or in the warehouse? I can have my aunt’s son come over from the warehouse.” My brother-in-law naturally agreed.

"Let Lingling stay with me. The industrial electricity here is convenient. I can just install an air conditioner later." Yan Hui was still worried about Lingling.

In the blink of an eye, Lingling has been with me for four years.

“Alright, leave the air conditioner installation to me. I know you're under financial pressure right now, so I'll help you out,” the brother-in-law said. “Thanks, brother-in-law,” Yan Hui replied without hesitation.

Yan Hui still has more than one million yuan in funds available this year. Before the market freezes this year, he needs to complete the construction of temporary facilities, engineering layout, and a certain degree of foundation pit excavation.

The land was already quite well-leveled when the government handed it over; otherwise, Yan Hui wouldn't have had enough money just for leveling it. Land reclamation costs are extremely high.

In short, the budget of over a million yuan was very tight, and even though the main structure wasn't up yet, Yan Hui felt the pressure. To save money, he planned to do everything himself that he could, and didn't even look for subcontractors in the early stages.

The formal construction period will begin next spring. By then, Yan Hui will need more than 400 million yuan to complete the factory construction.

After finishing the meal, Yan Hui immediately went to the design institute to continue discussing construction issues. In the end, he had to admit that he definitely didn't have enough money for all the earthwork excavation and foundation treatment.

Let's get the earlier tasks done first.

After communicating with the design institute, Yan Hui found a construction team and began to handle matters related to the excavation of the foundation pit.

When the leader comes on September 30th, this place will definitely look thriving. This is very important; we need to leave a good impression on the leader to make things easier for the loan application later.

As for how to get a loan
Don't ask yet, Yan Hui will think of a solution.

With Yan Hui's financial power, bulldozers and trucks entered the construction site one after another, temporary prefabricated houses were quickly erected, and water and electricity personnel also began to enter the site, and construction began.

On September 30th, Yan Hui spent several thousand yuan to rent a stage from a friend and hold a proper opening ceremony.

On the day of the groundbreaking ceremony, several city leaders also attended, and Yan Hui greeted them one by one, shaking hands with them warmly. Behind them, five or six large construction machines were carrying out excavation operations.

"President Yan, this is President Zhang of the Agricultural Bank of China. You've met him before." After the groundbreaking ceremony, the deputy district head, who was closest to Yan Hui, called Yan Hui aside and said.

"Hello, President Zhang," Yan Hui said, taking the initiative to shake hands.

This is a major creditor. Of the 1400 million yuan cost of the land he's currently standing on, about 800 million yuan was provided by the bank. In other words, the true owner of this land (usage rights) is the bank, not his company.

"Hello, Mr. Yan, this is quite a grand affair. I wish your company great success!" President Zhang's words were heartfelt.

Although the land cost over 1400 million yuan, taxes and fees were included, making the actual price 1280 million yuan. The bank loan of over 800 million yuan represents approximately 70% of the land's value, which poses a risk for the bank. If it weren't for government attention and support, the loan would likely have been only around 600 million yuan. A loan based on 50% of the land's value would have been much easier for the bank.

Therefore, Bank Manager Zhang naturally hopes that Yan Hui's business will thrive and become a cash cow. If the chemical plant is built and highly profitable, the bank would prefer that the money never be repaid.

"President Zhang, our company's development is inseparable from the bank's support. I might need to come to you again to discuss a loan in a while," Yan Hui said directly.

"We always welcome collateral!" President Zhang also needs loan performance.

(End of this chapter)