Initiator Profile

Name

Changzhi Huojiagou Industry Co., Ltd.

Ownership

Shareholding

Address

Huojiagou Village, Xibaitu Township, Suburban District, Changzhi, Shanxi

Establishment

January 1,1999

Legal  representative

Huo Songqin

Office tel.

+86 355 5076216

Handy

Contact person

Huo Jinsong

Contact Tel.

+86 355 5927743

E-mail

Number of staff members

2600

Number of technical personnel

260

Assets

Total assets

500million

Fixed assets

500million

Current assets

Registered capital

100million

Intangible assets

Total liabilities

Business conditions

2002

2003

2004

Sales income

71.09million

159.06million

420million

Export  income

Profits after taxes

2.72million

5.44million

6.7million

  Project Information

Project name

PVC resin

Project type

Newly-built

Project  technology

To introduce technology       

Total investment

700million

Foreign  investment  needed

200million

 Cooperation  duration

Project registration and approval: yes

Feasibility study report : yes     

Intended cooperation method

Joint venture

Investment composition

Composition / Partners

Chinese partner

Foreign partner

Investment proportion（%）

           72          %

     28       %

Cash

100million

200million

Land using rights

Workshop

200million

Equipment

200million

Technology and intellectual property

Others

Information of main materials supply and infrastructure

1. Electric power and calcium carbide are provided by a branch company.      2. Salt for industry can be found in Shanxi or neighboring Shandong Province.  3. The land for project construction is offered by Huojiagou Village.  4.The first phase of project has been finished and put into production.

Market analysis

Construction period: 3 years  

Annual sales income:   1600 million

Including: income from export: USD

Profits after taxes: 

Profit ratio of investment           %

Return period of investment:         

Brief introduction of economic efficiency