Type of Project: Foodstuff & Light Industry

Name of Project:

Extension Project of Rice Beverage Production

Project Content: It is planned to enlarge the present production capacity up to 30,000 tons yearly of rice beverage.

Construction Condition: Xiaogan rice beverage is a kind of "green food" beverage characterizing low alcohol, natural nutrition. It is awarded "product of top-quality" by Hubei Province, and is very marketable. The sponsor is ready to enlarge the production line.

Investment & Composition: Total investment amounts to US$ 12 million, of which, fixed assets of US$ 4.7 million, working capital of US$ 7.3. Plan to introduce US$ 5 million foreign investment.

Economic Benefit Evaluation: Upon completion, annual sales volume of US$ 36.28 million, profit and tax of US$ 7.8 million, and investment payoff term of 2.6 years.

Project Status: The project is encouraged by the State Policies and enjoys the relative preferential policies. The preparation for enlargement has come to an end.

Mode of Cooperation: Joint venture, or cooperation. The sponsor invests by means of the present facilities, workshop, technology and brand.

Introduction to Sponsor: Xiaogan Sesame Crisps and Rice Beverage Co. Ltd. has 40 years of comprehensive food processing and has been awarded "Unique in China" by the Ministry of Trade. It covers an area of 48000 square meters and owns fixed assets of US$ 6 million. Main products are sesame crisps, rice beverage, cakes, soft drinks, and plastic products, garments sales, real estate development.