Type of Project: Mechanical & Engineering Industry

Name of Project:

Project of Making High Strength Steel-wire

Project Content: Plan to adopt patented technology to build a production line of high strength steel-wire of 12,000 t/y.

Construction Condition: The products are widely used as raw materials for producing spiral spring and in other industrial fields, so they have a vast market. The sponsor is the appointed enterprise and its products are of new technology of the state-level and enjoy the state preferential polices of taxation.

Investment & Composition: Total investment amounts to US$ 11 million. Plan to introduce US$ 5.7 million of foreign investment.

Economic Benefit Evaluation: Annual sales volume of US$ 19 million, profit of US$ 5.5 million and investment payoff term of 2.5 years.

Project Status: The project has been approved.

Mode of Cooperation: Joint venture or cooperation.

Introduction to Sponsor: Hanchuan Steel-Wire Co. Ltd.