Type of Project: Apparel & Textile

Name of Project:

Project of Making Filter Cloth Used in Metallurgy

Project Content: It is to build a production line of making filter cloth with capacity of 2 million square meters, of which, 400,000 square meters high-grade filter cloth used in metallurgy, 400,000 square meters high-grade filter cloth and 1,200,000 square meters common filter cloth.

Construction Condition: Yingcheng City Industrial Wool Fabric factory is the important manufacturer of Hubei Province, with sufficient supply of raw material. The products have great potential market because the present demand is more than supply.

Investment & Composition: Total investment amounts to US$ 8 million, of which, fixed assets account for US$ 6 million, working capital for US$ 2 million. Foreign investment of US$ 6 million is to be introduced.

Economic Benefit Evaluation: Annual output volume of US$ 11.42 million, profit and tax of US$ 3.65, and investment payoff term of 4 years.

Project Status: The preparation has been approved.

Mode of Cooperation: Joint venture, or cooperation.

Introduction to Sponsor: The sponsor, with 8 years' sufficient technique of making industrial wool fabric, covers an area of 7,700 square meters including 5,600 square meters of building floor area.