Initiator Profile

Name

Shanxi Changxin Iron & Steel Co.,Ltd.

Ownership

Limited-liability company

Address

Hechengbeilu 3, Changzhi, Shanxi

Establishment

September, 1992

Legal  representative

Pan Lubiao

Office tel.

+86 355 5053888

Handy

Contact person

Contact Tel.

E-mail

Number of staff members

1932

Number of technical personnel

268

Assets

Total assets

1063million

Fixed assets

829million

Current assets

234million

Registered capital

100million

Intangible assets

Total liabilities

167million

Business conditions

2002

2003

2004

Sales income

400million

830million

1270million

Export  income

Profits after taxes

23.08million

46.2million

155million

  Project information

Project name

Coking project with annual output 600000 tons

Project type

Expansion

Project  technology

Self-owned technology       

Total investment

300 million

Foreign  investment  needed

150 million

 Cooperation  duration

Project registration and approval: yes

Feasibility study report : yes     

Intended cooperation method

Cooperation

Investment composition

Composition / Partners

Chinese partner

Foreign partner

Investment proportion（%）

           %

            %

Cash

Land using rights

Workshop

Equipment

Technology and intellectual property

Others

Information of main materials supply and infrastructure

Market analysis

Construction period: 1.5 years     

Annual sales income: 800million

Including: income from export: USD

Profits after taxes: 120 million

Profit ratio of investment           %

Return period of investment: 6 years       

Brief introduction of economic efficiency: the project is the attached project in the production line in our Group. After the project is finished, the pig iron output can be increased by 1000000 tons and the steel output by 1000000 tons. The profits can be increased by 2000 million a year.