Type of Project: Mechanical & Engineering Industry

Name of Project:

Construction of Producing Austenite & Bainite Nodular Cast Iron

Project Content: Plan to enlarge the present processing line with capacity up to 9000t/y of Austenite & Bainite nodular cast iron which is a new material and characterizes more advantages than common iron and steel.

Construction Condition: The products have a stable marketing network and have a good prospect.

Investment & Composition: Total investment amounts to US$9.91 million, including US$ 5 million of foreign investment.

Economic Benefit Evaluation: Annual sales volume of US$ 13.3 million, profit of 4.79 million, tax of US$ 0.87 million and investment payoff term of 3.5 years.

Project Status: The project has been approved already and has output in a smaller scale.

Mode of Cooperation: Joint venture and cooperation.

Introduction to Sponsor: Hubei Dongfanghong Food Machinery Co. Ltd., an important base of exporting machinery, now covers an area of 280,000 square meters and possesses assets of US$ 7.69 million.