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Changzhi Project Information for the Year 2006

Initiator Profile

Name

Shanxi Explosion-proof Motor (Group) Co.,Ltd.

Ownership

State-owned

Address

Bei¡¯yi Lane, Tanghangxijie, Changzhi, Shanxi

Establishment

December, 2000

Legal  representative

Zhang Kecheng

Office tel.

+86 355 2613588

Handy

+86 13903451845

Contact person

Guo Fuwei

Contact Tel.

+86 355 2078620

E-mail

gfw1122@sohu.com

Number of staff members

1149

Number of technical personnel

140

Assets

Total assets

282.5million

Fixed assets

133.16million

Current assets

149.02million

Registered capital

102.83million

Intangible assets

0

Total liabilities

147.67million

Business conditions

2002

2003

2004

Sales income

57.58million

102.54million

153.6million

Export  income

0

USD230000

USD280000

Profits after taxes

30000

500000

760000

  Project Information

Project name

Explosion-proof frequency-conversion motor for mining

Project type

Newly-built

Project  technology

To introduce technology       

Total investment

10million

Foreign  investment  needed

5.1 million

 Cooperation  duration

Long term

Project registration and approval: no

Feasibility study report : no

Intended Cooperation Method

Joint-venture

Investment Composition

Composition / Partners

Chinese partner

Foreign partner

Investment proportion£¨%£©

           %

            %

Cash

1.5million

 

Land using rights

0.5million

 

Workshop

2.4 million

 

Equipment

2 million

 

Technology and intellectual property

 

0.2 million

Others

 

 

Information of Main Materials Supply and Infrastructure

Most of the parts can be got in China and some of the key parts will be imported from abroad.

Market Analysis

Construction period: 2 years     

Annual sales income:  30 million

Including: income from export: USD

Profits after taxes: 6 million

Profit ratio of investment   60    %

Return period of investment: 2 years       

Brief introduction of economic efficiency:  The product accords with the strategy of China to establish 13 huge-sized mine groups and renovate mine equipment. The stepless speed-adjustment explosion-proof frequency-conversion motor for mining will be used widely in mines for underground band conveyor, excavator, mining machine and pump. The technology is taking a leading role in the world and It has a great potential market.

 

©Changzhi Municipal Government Economic Promotion Bureau,Shanxi,P.R.China
Tel:+86 355 3034606 Fax:+86 355 3034604
*info@chinainvest-cepb.com