Type of Project: Mechanical & Engineering Industry

Name of Project:

Project of Extending Production Line of Steel Piston Rings

Project Content: Plan to introduce foreign investment and get additional equipment to reach the capacity of 6 million pieces of piston rings per year.

Construction Condition: The piston ring is of high-tech product with top-quality and is widely used in automobile engine. This project has been listed in the state ninth-five year plan concerning developing automobile parts. The sponsor now produces series steel piston rings, hydraulic valves for vehicles and other parts, which have entered the international market.

Investment & Composition: Total investment amounts to US$ 2.4 million. Plan to introduce US$ 1.4 million of foreign investment.

Economic Benefit Evaluation: Annual sales volume of US$ 3.63 million, profit of US$ 1.1 million, tax of US$ 0.45 million and investment payoff term of 3.6 years (including construction period).

Project Status: The project has been approved.

Mode of Cooperation: Joint venture or cooperation.

Introduction to Sponsor: Brigade 309, Central & Southern China Geologic Bureau, General Company of Chinese Nuclear Industry.