Olio&Salt&Chemical
Project of Comprehensive Utilization of Residual Oil and High Sulphur Heavy Oil
By Shandong Befar Binyang Petrochemical Co., Ltd.
Ⅰ. Brief Induction of Enterprise
Shandong Befar Binyang Petrochemical Co., Ltd. is an enterprise specializing in producing asphalt for highway. It has a registered capital of RMB 80 million, in which 70% shares held by Shandong Binfar Group. The Group has total assets of RMB 18 billion and 2,345 employees, awarded “National Enterprise Grade B”, “Top 10 Benefit Enterprises of National Emphases Industries”.
Ⅱ. Construction Content and Scale
To build up residual oil and high sulphur heavy oil comprehensive utilization unit, deep process unit and gasoline upgrading unit plus matching tank yard and utilities and service facilities to reach the annual production capacity of 3,000,000 tons fuel oils with 2 years.
Ⅲ. Construction Condition
The project is located on Yangxin Economic Development Zone, and the infrastructure needed by the project is well-found. The transportation is convenient.
Ⅳ. Progress of Project
The project accords with Chinese industrial policies, approved by the related administration department.
Ⅴ. Market Research and Analysis
With the rapid economic development, the growing demand for crude oil and engine fuel, the expansion of the petro’s production and the development of residuum deep conversion for increasing the yield of light oil becomes an important subject. It is estimated that the demand for engine fuel in China will be 4 billion tons in 2010. So the project has very bright market prospect.
Ⅵ. Estimated Investment and Fund Resources
Total investment is RMB 18.5921 billion with the amount of RMB 9.11 billion be introduced, another RMB 9.4821 billion will be invested by the workshop, land and cash etc..
Ⅶ. Financial Benefit Analysis and Forecast
The construction period is 1.5 years. After operation, the annual sales income can realize RMB 141.0892 billion, profit RMB 5.1064 billion. The return on investment is 27.47%, and the investment payoff period is 3.64 years.
Ⅷ. Cooperation Way
Joint venture or cooperative
Person to contact：Sun Lei Tel：+86-543-8285001 8289999（Fax）
Address：Yangxin Economic Development Zone
Post code：251800
Brief Introduction of Project of Annual Production of 1 million tons of Chlor-alkali and Annual Extraction of 40 thousand tons of Potassium Sulfate from Seawater and Bittern of Shandong Chengkou Salt Chemical Limited Liability Company
I. Company Overview
Established in 1958, Shandong Chengkou Salt Chemical Limited Liability Company is located in Beihai New Area and was changed into a privately-owned enterprise in August 2004. Among enterprises across the county, it has first passed ISO9001 International Quality Management System Certification, ISO14000 Environmental Management System Certification and Occupational Health and Safety Management System (OHSAS) certification. And the company was awarded the title of “AA-level Unit” by Shandong Branch of the Agricultural Bank of China. By the end of 2007, its total assets reached RMB 365 million Yuan, registered capital touched RMB 153 million Yuan, annual sales revenues hit RMB 160 million Yuan and tax and profit revenues reached RMB 40 million Yuan.
II. Construction Size of Major Contents of the Project
Based on abundant bittern resources from salt farm, the project aims at achieving an annual production capacity of 1 million tons of chlor-alkali. The design annual production capacity of potassium sulfate fertilizer, magnesium chloride, bromine and vacuum salt is 40 thousand tons, 160 thousand tons, 1,600 tons and 168 thousand tons respectively.
III. Construction Conditions
The project site has been well facilitated with all construction conditions including transportation, water, electricity and telecommunications etc.
IV. The Progress of Pre-project Works
The feasibility study report on chlor-alkali project has been completed and pre-project works including environmental impact assessment, proposal&confirmation and land use procedures of potassium sulfate extraction project have been completed.
V. Market Survey and Analysis
Sodium hydroxide and chlorine are important basic chemical raw materials and there is a huge demand for them in market. Partial chlorine is used for producing bromine by the company while others are applied in developing inorganic and organic chlorine products.
The potassium sulfate extraction project uses seawater and bittern from the company as major raw materials. The cost of seawater and bittern is very low, so abundant raw materials are available for development of this marine industry. The project enjoys great advantages in resources, so there is a wide space for development.
VI. Investment Budget Estimate and Capital Raising
The estimated total investment in chlor-alkali project is RMB 2.8 billion Yuan. Self-raised funds are RMB 800 million Yuan and RMB 2 billion Yuan foreign capital will be utilized. The estimated total investment in potassium sulfate extraction project is RMB 213 million Yuan. Self-raised funds are RMB 63.69 million Yuan and RMB 149 million Yuan foreign capital will be expected.
VII. Analysis on Economic and Social Benefits of the Project
After chlor-alkali project is put into production, it is estimated that annual sales revenues will increase by RMB 3.586 billion Yuan and annual tax and profit revenues will reach RMB 890 million Yuan. After potassium sulfate extraction project is put into production, it is estimated that annual sales revenues will increase by RMB 214 million Yuan and annual tax and profit revenues will reach RMB 82.98 million Yuan.
VIII. Cooperation Form
Sino-foreign equity joint venture or sino-foreign cooperative joint venture
Legal Representative：Rongqiang Zhang Contact：Fengsheng Ma
Tel：0086-13505333326 Postal Code：251907
Address：Gaotian Village，Mashanzi Town，Wudi County
Shandong Tiexiong Energy Group Co., Ltd.
Introduction to the Energy-saving and Environmental-protection Project of Improving the Coke Dry Quenching Technology
I. Enterprise Profile
The total assets of Shandong Tiexiong Energy Group Co., Ltd. is 2.9 billion yuan, including 1.6 billion yuan of fixed assets, and the registered capital of the comapny is 230 million yuan. In 2005, it was published by the State Development and Reform Commission as one of the first enterprises that comply with the Admittance Condition of Coking Industry. The energy produced by the company was the most in the whole Shandong Province. In 2006, the sales income was 2.1 billion yuan and the profit tax was 470 million yuan. In 2007, the sales income was 2.47 billion yuan and the profit tax was 580 million yuan.
II. Construction Scale and the Main Construction Contents
The energy saving and envrionmental protection technology improving project will reform the present wet coke scrubbing equipment of four coke ovens. The 1st and 2nd as well as the 3rd and 4th coke ovens will be equipped with 125 t/h waste heat boilers respectively and the two sets of equipment will share a 12 MW turbo-generator unit to produce electricity.
III. Construction Conditions of the Project
All the construction conditions such as transportation, water, power, natural gas, communication and so on have been satisfied.
IV. Progress of the Prophase Work of the Project
The prophase work of the project such as land, environmental assessment, project examination and approval and so on are in progress.
V. Market Analysis
This is an energy saving and environmental protection project in the real sense. There will be three more products, i.e., steam, electricity and fine coke. Furthermore, there will be no market risk at all.
VI. Investment Estimation and Capital Source
The overall investment of the project is 250 million yuan, in which 200million yuan will be used for fixed assets investment. Fund raising of the project: self-raised fund, 150 million yuan, investment invitation fund, 100 million yuan.
VII. Economic and Social Benefit Analysis of the Project
After the project is put into use, the increased sales income will be 160 million yuan and the newly increased profit tax will be 106 million yuan. Furthermore, 1000 positions will be created. So, the energy saving and environmental protection benefits are glaring.
VIII. Cooperation Mode
Joint venture or cooperation
Legal representative：Wang Qingtao Contact person：Jia Yulian
Contact Number：0543-4300007 Fax：0543-4300777
Address：North to the power plant of Zouping County，Shandong Province
Website：http：//www.tiexiong.cn
Project of Production of Organic Diesel Oil by Acidified Oil and Waste Oil of Boxing Xiangchi (Shandong) Grain & Oil Company
I. About the Company
Locates in the east of Boxing town, the Boxing Xiangchi (Shandong) Grain & Oil Company was established in 1989. It possesses an area of 980,000 square meters, more than 1,000 employees and total assets of RMB 1.2 billion Yuan. The company is engaged mainly in soybean further processing, with key brands of “Xiangchi Protein”, “Xiangchi Soybean-Oil”, “Xiangchi Soybean Meal” and etc popular in and out of Shandong province, and the “Xiangchi Protein” exported to many states and regions, including EU countries, Africa, Southeast Asia and etc. the company experiences the most rapid economic growth in its industry in Shandong and listed as top-100 enterprise of food industry in China, demonstration manufacturer for further processing of farm produce in China, top-100 private enterprise of Shandong province, high-tech enterprise of Shandong province, environment-friendly enterprise of Shandong province as well as“AAA credit rating enterprise” respectively by Agricultural Bank of Shandong province and China Construction bank.
II. Construction Size and Inclusions
The project is concerning production of diesel oil of similar function to common diesel oil by means of reaction of raw materials of organic grease (vegetable oil, tallow and castoff) and low carbon alcohol. The project is planned with an annual processing of various oils of 100,000 tons, yearly production of organic diesel oil of 90,000 tons, glycerol of 6,000 tons and soap-stock of 2,000 tons.
III. Conditions for Construction
The steam and power supply necessary for the project is self-supplied by the thermo-electrical company of the company; in addition, the company possesses a technology center of provincial standing, advanced R&D instruments, key techniques and abundant materials, all of which are reliable for smooth construction of the project.
IV. Preparation
No additional land expropriation is necessary, and other procedures are underway.
V. Market Analysis
Production of diesel oil thru organic means is the most cost-effective ways in expanding recovery of organic resources. So far, preferential policy for production of organic diesel oil is adopted in many countries. The organic diesel oil is a desirable alternative of common diesel oil for widely use in auto industry, and the raw materials needed for generation of this oil variety is readily available and cost effective, in other words, fuel production by petroleum in the past is radically got rid of, thus it makes great contribution to development of national economy and promising in terms of market demand.
VI. Estimation and Sources of Financing
The project is planned with portfolio of RMB 160 million Yuan, among which internal financing is RMB 60 million Yuan, and the rest of RMB 100 million Yuan will be financed thru merchant invitation.
VII. About the Return
Upon putting into commercial operation, the anticipated annual turnover and margin will be RMB 459.6 million Yuan and RMB 170 million Yuan respectively. The implementation of the project can change the current situation of direct emission of waste vegetable oil, environmental pollution caused by acidification of castoff by means of production of organic diesel oil by waste tallow and vegetable oil, and which is significantly beneficial to development of energy source and merchandise safety. As a rising energy industry, the project can be versatile in terms of economic and social benefits it brings about.
VIII. Option of Business
Cooperation or joint venture is preferred.
Contact person：Liu Yonghua Call：0543-2617708
Fax：0543-2617777
Address：172 of the 5th Bocheng Road，Boxing Town，Shandong，256500
E-mail：lyh@xiangchi.com www：http：//www.xiangchi.com
Zouping Jinhua Textile Co.,Ltd.
Introduction to the Project of Waste Tires and Plastics
I. Enterprise Profile
The total assets of Shandong Zouping Jinhua Textile Co.,Ltd. is 30314 million yuan, including 146.81 million yuan of fixed assets and the asset-liability ratio is 40％. Now, there are more than 1300 people work in our company, in which 450 are university, college and secondary specialized school graduates, technicians and managers. Our company is a growing medium-sized enterprise in Shandong Province. We have 150 thousand ring-spinning frames and 4800 open-end spinning frames. In 2006, the sales income of was 418.7 million yuan and the profit tax was 68.53 million yuan. In 2007, the sales income of was 514.82 million yuan and the profit tax was 71.25 million yuan.
II. Construction Scale and the Main Construction Contents
A production line with an annual treating capacity of 60 thousand tons of waste tires and plastics will be built. In addition, 20880 square meters of workshop building and 8000 square meters of auxiliary equipment will be constructed.
III. Construction Conditions of the Project
All the construction conditions such as transportation, water, power, natural gas, communication and so on have been satisfied. Since our company is next to Qingyang Town of Zouping, the largest waste tire distribution center of China, the supply of raw materials can be guaranteed.
IV. Progress of the Prophase Work of the Project
The report and evaluation of the influence bring about by project to environment have been finished and the work such as project examination and approval are in progress.
V. Market Analysis
With the enormous increase of automobile consumption, waste tires are surging and have exceeded 150 million pieces at present. It is estimated that by 2010, the waste tires produced by China will be more than 200 million pieces. Our nation encourages us to recycle solid wastes and comprehensively use renewable resources. Therefore, this project is an industry supported by our country.
VI. Investment Estimation and Capital Source
The overall investment of the project is 150 million yuan. Fund raising of the project: self-raised fund: 70 million yuan, investment invitation fund, 80 million yuan.
VII. Project Benefit Analysis
After the project is put into use, the annual increased sales income will be 130.68 million yuan and the profit tax will be 31.64 million yuan. As a result, this project has very good economic and social benefits.
VIII. Cooperation Mode
Joint venture or cooperation
Legal representative：Zhang Weidong Contact person：Zheng Shufeng
Contact Number：0543-4339606 Fax：0543-4339666
Address：At the west end of West Daixi Road, Zouping City, Shandong Province
Brief Introduction of Chemical Accelerators Project of Rokem International Co., Ltd.
I. Company Overview
Hong Kong Rokem International Co., Ltd. is mainly specialized in producing rubber chemical products including rubber accelerators such as TMTD, TETD, ZDEC, ZDMC and DTDM, and antioxidants such as BHT and 6PPD. These products are mainly sold to North American and European countries. Meanwhile, it is also one of the leading exporters of dyes, pigment intermediates and other safe chemical products.
II. Construction Size and Major Contents of the Project
The project aims to annually produce 24,000 tons of rubber accelerators (including rubber accelerator M) comprising 6,000 tons of rubber accelerators CZ（CBS）, 9,000 tons of rubber accelerators NS（TBBS）and 90 million tons of rubber accelerators DM（MBTS）and produce 19,000 tons of rubber accelerators M（MBT）（raw materials of rubber accelerator CZ, NS and DM）.
III. The Progress of Pre-project Works
The feasibility study report and planning have been completed.
IV. Construction Conditions
The project site has been well facilitated with all construction conditions including transportation, water, electricity and telecommunications etc.
V. Market Survey and Analysis
The project aims to increase the output of environment-friendly accelerator NS. The major products including rubber accelerator CZ and NS adopt hydrogen peroxide oxidation process instead of sodium hypochlorite process which causes heavy pollution in order to reduce the content of total dissolved solids in wastewater. In addition, waste gas is treated by activated carbon fiber adsorption device, so a clear production can be ensured.
VI. Investment Budget Estimate and Capital Raising
The estimated total investment in the project is RMB 15 million Yuan. RMB 15 million Yuan foreign capital will be expected.
VII. Benefit Analysis
After the project is completed, annual sales revenues will reach RMB 530 million Yuan and tax and profit revenues will reach RMB 60 million Yuan.
VIII. Cooperation Form
Sole foreign proprietorship
Contact：Zhimei Zhu Tel（Fax）：0086-543-6328357
Address：No.17，Yuanqian Street，Wudi County Postal Code：251900
E-mail：sdwdzsj@163.com
Chloride process titanium dioxide of Shandong Zhanhua Economic Development Zone
Ⅰ. General introduction of Shandong Zhanhua Economic Development Zone
Shandong Zhanhua Economic Development Zone, the total area is 12 km2, has been approved to be provincial level economic development zone by Shandong Government in Mar., 2006. The south of the economic development zone is Yongguan road; and there are 1km from development zone to Weiwu highway, 3km to Fuguo port and 4km to Fuguo railway station. So the traffic condition is convenient.
The development zone is well equipped with perfect facilities by Zhanhua county government. There are roads up to 40km across the county with“4 across and 4 horizontal”, a huge reservoir with volume of 13，800，000 cubic meters, a thermal power plant of 124MW; we also have built a wastewater treatment plant and the ability is 15000 t/d, and laid 28.6km drainage pipes, electric line of 48km, communication line of 47.5km.
Ⅱ. Construction Scale and Content
Construct the production line，workshop building and other supporting facilities for 50,000t titanium pigment project.
Ⅲ. Construction Condition
There are 3 chlorine industry firms, 2 of them are operating. The annual output is 400,000t, and number will reach to 1 million after all of them go into production in 2008. So the raw material of the project is enough. Besides, the traffic, water, electricity and communication are also ready.
Ⅳ. Preparations for the Project
The feasibility study report is finished.
Ⅴ. Market Analysis
Titanium Dioxide is important fine chemical products and the state encouraged high-tech industry catalog product. Widely used in paint, paper, chemical fiber, rubber, ink and other sectors. Recent years, the building industry is prosperous, so the paint industry is also developing rapidly, as the important raw material, the demand of Titanium Dioxide is very large in domestic market.
Ⅵ. Investment Budget
Total investment: 1000 million RMB.
Ⅶ. Benefit Analysis
With accomplishment of designed throughput, it could achieve sales income 7 million RMB, and annual after tax profit 146.3million RMB.
Ⅷ. Cooperation Type
Sole Proprietorship or cooperation
Contact Person：Bian Ning Tel: 0543 7325919 (0) 13210711299
Address：Investment Promotion Bureau of Zhanhua County
Project of large size electricity generation and (biological) organic compound fertilizer by methane of Boxing Huakang Food Co. Ltd
Ⅰ. About the Company
Registered and founded in 2002, the Boxing Huakang Food Co., Ltd is a large size modern private enterprise joint ventured by all staffs of the company, and the major business of the company is further processing of byproducts of poultry breeding, incubation, processing, poultry flesh processing and feathers and etc. the company has a registered capital of RMB 27 million Yuan, total assets of RMB 207.10 Yuan, fixed assets of RMB 112.89 Yuan and assets-liability ratio of 52%. The duck meat of “Jindake Brand” with 20 categories and more than 80 varieties that are produced strictly according to standards and codes such as ISO9000, HACCP, SSOP, GMP and etc are authenticated as harmless agricultural products by General Administration of National Technology Supervision of PRC, and the company is accredited as by ISO9001∶2000 in 2005.
Ⅱ. Construction Size and Inclusions
Contents of construction:(Ⅰ)civil engineering of bio-film reactor, storage pool, adjusting pool and deposition pool of waste liquid is recommended to complete by means of Fresnel BBR and SBBR schemes, with a volume of 6,702 cubic meters;the earthwork covers volume of 250,000 cubic meters; bio-mimic fungal bed of 80,000 cubic meters;sunlight greenhouse of 40,000 cubic meters；biological demonstration sunlight greenhouse of 5,606 cubic meters;Workshop and depot of 2,496 cubic meters;(Ⅱ)filed construction;(Ⅲ)purchase of instruments and apparatus(Ⅳ)miscellaneous:Road，greening and fencing;
Ⅲ. Conditions for Construction
The land expropriation is completed, utilities including water supply, power supply, steam supply, and sewage treatment and etc are basically ready for use.
Ⅳ. Preparation
The preliminary procedures are underway.
Ⅴ. Market Analysis
The completed project will have an annual capacity of treatment of duck soil of the breeding yard of some 126,000 tons, waste water of around 900,000 tons, generation of methane of 10.80 million cubic meters, electricity output of 21.60 million kilowatt-hours of power supply necessary for production, utility power for staffs and the residents nearby as well as heat preservation of duck shed in cold winter. In addition, it has a yearly output of high efficient liquid organic compound fertilizer of 10,000 tons and solid high efficient liquid organic compound fertilizer of 20,000 tons, which can be utilized for planting at the vegetable base with some 20% of average increase of production of better quality. The project is hopefully lucrative for urgent market demand.
Ⅵ. Estimation and Sources of Financing
The project is budgeted with portfolio of RMB 81.64 million Yuan, among which RMB 31.64 million Yuan will be financed internally, and RMB 50 million Yuan is planned to finance thru joint venture, cooperation or public financing.
Ⅶ. About Return
Upon completion and operation of the project, the solid and liquid high efficient organic compound fertilizers can be sold as commercial fertilizers with considerable income. In general, the completed project will enjoy an annual income of RMB 84.216 million Yuan, expenditures of RMB 69.758 million Yuan, margin of RMB 14.458 million Yuan and after-tax return period of 5.97 years.
Ⅷ. Option of Business
Exclusive investment of foreign business or joint venture is preferred.
Contact person：Wu Xiuhe Call：0543-2818888 13854386799
Address：Shandong Boxing Opening IndustrialGarden E-mail：sdhuakang@163.com
Project of production of quaternary ammonium salt of China Resources (Boxing) Oleo Chemicals Co., Ltd
Ⅰ. About the Company
The China Resources (Boxing) Oleo Chemicals Co., Ltd was firstly approved by Shandong People’s Government (Circular of Shangwaizinufubin (2006) 0399) on April 28, 2006 and registered (Registered Qidunubin No. 000349) for foundation by Binzhou Administration of Industry & Commerce on the date of April 29, 2006. The business scope of the company includes production and sale of oleo chemicals such as anion, positive ion, nonionic surface active agent and raw materials and etc.
Ⅱ. Construction Size and Inclusions
The designed annual output for the project is 20,000 tons of quaternary ammonium salt, and the construction works are scheduled to complete within 1 year.
Ⅲ. Conditions for Construction
One set of plant for production of quaternary ammonium salt is planned to construct in the spare field of the company, and the construction will be completed within a short period. Various factors are ready for construction, including rich resources of raw materials in terms of water supply, power supply, gas supply and etc that are soluble thru coordination.
Ⅳ. Progress of Preparation
Various preparatory procedures are underway.
Ⅴ. Vast Market Demand
The construction of the project will improve and promote the operation efficiency of plants for production of quaternary ammonium, reduce more costs previously needed for production and increase market share; therefore, it’s a promising construction.
Ⅵ. Estimation and Sources of Financing
The budget for the project is RMB 80 million Yuan, including investment in fixed assets of RMB 50 million Yuan and that of current assets of RMB 30 million Yuan. And the company will finance RMB 40 million Yuan internally, and the rest of RMB 40 million Yuan will be financed thru merchant invitation.
Ⅶ. Lucrative Investment
Upon putting into commercial operation, various economic parameters of the project will be available in comparison to the average of among competitors of the same industry in terms of marginal contribution rate of 19％, product gross interest rate of 12％ and static return period (construction period included) of 5.2 years, i.e. desirable economic benefits.
Ⅷ. Option of Business
Joint venture, cooperation
Contact person：Hu Bo Call：0543—2303563
Title：directorate assistant general manager of Huarun Chemical Industrial Holding Company and directorate general manager of Huarun Oils & Fats Chemical Co., Ltd
Brief Introduction of the Project of Adhesive Fiber of Boxing Bohai Oils & Fats Industrial Co., Ltd
Ⅰ. About the Company
Founded in 1996, the Boxing Bohai Oils & Fats Industrial Co., Ltd is one of the top domestic manufacturers engaged in further processing of primary products such as soybean; cottonseed and etc. so far, the company has total assets worthy of RMB 2 billion Yuan, fixed assets of RMB 1 billion Yuan，1，200 employees of various specialties. And it’s a key leading enterprise of agricultural industrialization of provincial standing, one of the top-100 manufacturers of Shandong Industrial Group as well as one of the members of top-500 of China manufacturers. Rely upon continual technological progress and operation of certain scale, the company possesses a yearly processing output of soybean of 800,000 tons, cottonseed of 300,000 tons, production of fine edible oil varieties of 300,000 tons, soybean meal of 600,000 tons, cotton meal and cottonseed shell of 200,000 tons and cotton linter of 25,000 tons. In addition, it possesses a self-sufficient standby power plant with annual power output of 350 million kilowatt-hours and yearly steam supply of 1.30 million tons.
Ⅱ. Construction Size and Inclusions
The overall scale under schedule is annual output of 300,000 tons of adhesive fiber.The project is designed to complete with three constructions，among which the 1st construction is with a capacity of 80,000 tons of output of adhesive fiber per year. And the project of project with annual output of 300,000 tons of adhesive fiber is planned to put into production by 2010.
Ⅲ. Conditions for Construction
Boxing County locates in the largest cotton output region in Shandong province, where there’re rich resources of cotton in surrounding areas, and large amount of cotton linter produced by the company can be recycled as an ideal material of pulp, and the inadequate part is available from local market. It possesses a self-sufficient standby power plant with annual power output of 49 megawatt, thus the raw materials and power supply are sufficient.
Ⅳ. Preparation
The project has being declared to Shandong Development & Reform Committee for examination and approval.
Ⅴ. Market Analysis
At present time, most the varieties of adhesive fiber in China are cotton type, which is disadvantageous in terms of less differential and functional fiber and subsequently lee competitive power in international arena. In contrast, the differential rate of heavy chemical fiber of textile from foreign countries is generally to a higher level of more than 60％, and this figure turns to merely some 20％ for Chinese counterparts, and the differential rate of short adhesive fiber in China is nearly zero. As a matter of fact, annual importation of chemical fiber is more than 1 million tons, and the gap will be widened along with the continuous demand of the product. Therefore, development of the project is promising thanks to vast demand.
Ⅵ. Estimation and Sources of Financing
The project is budgeted with RMB 0.67 billion Yuan, among which RMB 210 million will be financed by merchant invitation.
Ⅶ. On Return
According to conservative estimation on the annual output of yarn spinning of 12 million tons for textile industry in China, the demand for raw materials is urgent beyond any doubt. There’re many textile enterprises in Shandong province, and adhesive fiber is urgently necessary for the manufacturers, in particular, the Weiqiao Textile Company Limited, which is known as the largest textile manufacturer in Asia, is settled down in Zouping county, one of the adjoining counties of Boxing county, and which has a tremendous amount consumption of textile materials, and most ［art is adhesive fiber; hence the products of the company is favorably advantageous in terms of easier access. Upon putting into production, it’s anticipated that an increased production value of some RMB 3 billion Yuan will be achievable per year in addition to increase of profits of some RMB 300 million Yuan and income tax of RMB 420 million Yuan.
Ⅷ.Option of Business
Cooperation or joint venture is available.
Contact person：Chu Yuefeng Call：0543-2126785
Fax：0543-2126665 Address：Shandong Boxing Industrial Garden
E-mail：bh_baicj@vip.163.com