Volume 3 Chapter 23 - Five year plan
Volume 3 Chapter 23 Five year plan
Entering September, this year’s fall harvest was slowly approaching.
The people of Banta City were surprised to find that although the City Lord Manor didn’t change on the surface with their agricultural promotion plan, they had implemented some concrete changes. They no longer suppressed business all over the city, rather they implemented a few common policies that actually promoted business in Banta City.
For example, just a week ago, the City Lord Manor announced a new policy that announced they would continue the Banta City renovation plans. They would follow the plan from when Count Sean was still City Lord and change all of Banta City, creating a new and beautiful city.
The people of Banta City were clear that the Banta City renovation plan was mainly undertaken by the Frestech Chamber of Commerce. Since Count Stagg took over as City Lord, he was aiming at the Frestech Chamber of Commerce, so he ordered the temporary stop of these renovation plans.
Now Count Stagg had suddenly changed his mind and was continuing with this plan, this was simply slapping his own face to everyone.
However after the City Lord Manor announced this, everyone found that Count Stagg attached great importance to saving face.
Because according to the regulations from the City Lord Manor, although this city renovation plan was continuing, it was no longer controlled by the Frestech Chamber of Commerce, but rather controlled by the City Lord Manor. The Frestech Chamber of Commerce was only one of the companies announced to be cooperating with this plan.
That meant that Count Stagg wasn’t planning to treat the Frestech Chamber of Commerce special like Count Sean had done and was maintaining an aloof stance. He was treating the Frestech Chamber of Commerce as a company that the City Lord Manor could call at any time.
As for the Frestech Chamber of Commerce’s reaction?
They didn’t react at all.
As for the City Lord Manor’s policies that would relax on suppressing the companies of Banta City, the Frestech Chamber of Commerce didn’t react at all.
There were many companies in Banta City who became lively again after seeing this, but the Frestech Chamber of Commerce didn’t develop in Banta City at all. Rather halfway through September, they announced several unrelated pieces of news through the «Banta Times».
The first was that the Frestech Chamber of Commerce was working with the Amrit Chamber of Commerce, the Renekton Chamber of Commerce, and the Armani Chamber of Commerce to invest in the Black Rice Wasteland. Their first phase was to build a small production base on the Black Rice Wasteland. That included a household magic machine factory and a mining magic machine factory from the Frestech Chamber of Commerce, and a large textile mill from the Armani Chamber of Commerce.
The second was that the Frestech Chamber of Commerce had been preparing for half a year and now their three mines and the canned fruit factory in the Stantine Duchy was beginning initial investment, planning to officially open them by the end of the year.
The third was that the Frestech Chamber of Commerce had reached a deal with the Rudson Kingdom, planning to construct an agricultural magic machine factory near the Lampuri Kingdom’s northern border near the Rudson Kingdom in Mandela City, to satisfy the Rudson Kingdom’s needs for agricultural magic machines.
The fourth was the most shocking, which was that the Frestech Chamber of Commerce announced a five year plan in the «Banta Times».
According to the plan, the Frestech Chamber of Commerce in the next five years was planning to first in the nearby Karma City and Saltan City, as well as the further Canberra City and Norton City to build a production base in the next two years. They wanted to increase the scope of the Frestech Chamber of Commerce’s produced magic machines even further.
Then in the following three years, the Frestech Chamber of Commerce would be using this experience to create factories all over the Lampuri Kingdom, spreading magic machines all over the kingdom.
It had to be said, this five year plan was filled with ambition. Compared to the Frestech Chamber of Commerce that built up steadily before, it was a completely different style.
Not to mention that with the other three pieces of news, it meant that the Frestech Chamber of Commerce had changed their style. They were leaving Banta City and investing in other places, beginning to expand in the blink of an eye.
Faced with this situation, everyone was a bit doubtful. The Frestech Chamber of Commerce had only been established for two years and they were a company with a strong background. Although they developed very quickly and their strength wasn’t bad, wanting to expand this quickly, weren’t they in too much of a rush?
“No, I don’t think we’re in too much of a rush.” Kennard looked at the reporters under the stage with a faint smile as he shook his head. After handling the press conferences and facing these reporters many times, he wasn’t as nervous as he was the first time, “Rather, our company has put deep research into this plan and ensured its feasibility before promoting it. This five year plan was the result of our research.”
“But CEO Kennard, your Frestech Chamber of Commerce’s previous investments……They were just small actions,but now you’re expanding on such a large scale, even investing in places like the Black Rice Wasteland, the Stantine Duchy, and the Rudson Kingdom, I don’t think you’ll be able to maintain that large consumption, right?”
“If you’re talking about funds, then I can tell you we don’t have any problems.” Kennard’s smile was filled with confidence, “Our Frestech Chamber of Commerce doesn’t have the same background as older companies, but our company’s profit situation is very good and we won’t have any problems with funds.”
The reporters under the stage couldn’t help secretly nodding.
People could doubt various aspects of the Frestech Chamber of Commerce, but they definitely couldn’t doubt the Frestech Chamber of Commerce’s funds.
That was because since the Frestech Chamber of Commerce was established, every single product was sold in waves, therefore the Frestech Chamber of Commerce had a large amount of income.
Moreover, because the Frestech Chamber of Commerce kept innovating new technology, every single product was being renewed constantly. Even the Magic Fan that had been out for two years, this was a household magic machine that was common to everyone, but the Frestech Chamber of Commerce kept improving it. So these improved magic machines would always have an increase in sales after being released.
For example, take this year’s summer as an example. The Frestech Chamber of Commerce released three different kinds of Magic Fans at once.
The first was a small Magic Fan that one could put on a desk that was the same as the Magic Fans from before. There wasn’t much change with it, but the material and design had been improved, making the new Magic Fan lighter and more stylish.
The second was a Magic Fan with a longer foundation that could be put on the ground, which could be moved at will.
This Magic Fan’s advantage was that it had foundational support and could adjust its angle at will, so there was much more freedom.
The third was a Magic Fan that was suspended from the ceiling.
Compared to the other two models, this suspended Magic Fan was placed right on the ceiling, so there was no freedom at all. But compared to the other two Magic Fans, the suspended ceiling was more effective, so naturally it blew out even more wind.
If the suspended Magic Fan was placed in the living room, once it was turned on, the entire living room would be filled with a breeze.
During this summer, the first model had the same sales as last year and only increased a bit, but there was an explosion in sales for the other two models.
According to inside information from the Frestech Chamber of Commerce from the «Banta Times», in the three months of summer, the Frestech Chamber of Commerce sold one hundred and sixty thousand standing Magic Fans. As for the suspended Magic Fans, it reached eighty thousand units in sales.
With how the standing Magic Fan cost six gold coins and the suspended Magic Fan cost eight gold coins, just with these two Magic Fans, the Frestech Chamber of Commerce had earned sales of one and half million gold coins.
Even if the Frestech Chamber of Commerce didn’t disclose their real profits to the «Banta Times», according to the estimates, the Frestech Chamber of Commerce earned at least five hundred thousand from these two Magic Fans.
That was just from a single product. During the summer, the Frestech Chamber of Commerce’s Magic Air Conditioners and Magic Refrigerators were also best sellers. Adding in the stable sales of the other household magic machines, just from the household magic machines alone, the Frestech Chamber of Commerce earned at least a million gold coins during this summer.
As for the magic production machines that were just as important as the household magic machines, although the Frestech Chamber of Commerce didn’t give concrete numbers, there were many companies in other cities of the Lampuri Kingdom that produced magic machines and their magic production machines all came from the Frestech Chamber of Commerce.
Just based on this, one knew that the sales numbers for the Frestech Chamber of Commerce’s magic production machines weren’t inferior to the household magic machines.
With these two added together, of course one could easily conclude that the Frestech Chamber of Commerce would never have problems with funds.
“No, I’m not doubting your funds, rather your manpower.” The reporter who asked this question kept asking, “Mister Kennard, I’ve asked chairman Xu many times when I interviewed him, why was it that with how popular the Frestech Chamber of Commerce’s magic machines were, why didn’t the Frestech Chamber of Commerce build factories in other places. He replied that the time wasn’t right and to be specific, there wasn’t enough manpower. But now your Frestech Chamber of Commerce is suddenly announcing that you’re investing in so many places, could it be that you solved your manpower problem?”
“It’s a pity that the manpower issue is still a very big problem, it hasn’t been resolved yet.” Kennard said with a regretful sigh.
“Then aren’t there problems for coming up with such a hasty plan?”
Kennard revealed a faint smile, “Sir chairman has said that problems will certainly exist, but compared to waiting in place for a situation, it is better to walk forward and face these problems. If we don’t take the initiative to grab things, they will not jump into our hands. Our Frestech Chamber of Commerce announced this five year plan to give ourselves pressure, urging us to vigorously develop.”
The reporters under the stage couldn’t help secretly nodding their heads.
“Chairman Xu really is a bold chairman, I deeply admire him.” The reporter couldn’t help praising with a nod.
“Many thanks for your praise, I think that the chairman will be very happy after hearing this.” Kennard said with a smile, “Alright, other than announcing this five year plan, I also have something else to announce. In one month, our Frestech Chamber of Commerce will be holding a Frestech Cycling Race outside Banta City, we hope that everyone interested will participate.”
The reporters under the stage were stunned.
Cycling race? What was this thing……