Type of Project: Mechanical & Engineering Industry

Name of Project:

Project of Constructing a Production Line of PP Non-weaving Cotton Bound Cloth

Project Content: Plan to construct a production line of PP non-weaving cotton bound cloth with an annual capacity of 9,000 tons.

Construction Condition: The sponsor is the biggest exporting base of one-time used sanitary plastic products of Hubei province. The products that are widely used in the fields of scientific research, hospitals, hotels and ordinary life are exported to more than 20 countries.

Investment & Composition: Total investment amounts to US$ 19.51 million, of which, fixed assets account for US$ 17.07 million and working capital for US$ 2.44 million. Plan to introduce US$ 13 million of foreign investment.

Economic Benefit Evaluation: After completion, the annual sales volume of US$ 19.23 million, profit of US$ 3.6 million and tax of US$ 1.13 and earning US$ 11.34 million.

Project Status: The project has been approved by Hubei Provincial Economic & Trade Committee.

Mode of Cooperation: Joint venture, exclusive investment or cooperation.

Introduction to Sponsor: The sponsor began in July 1994, and controls 6 sub-plants, and is jointly invested with Canadian Huanyu Plastic Products Development Company. The main processing equipment has been imported from foreign countries and main products are clothes, hats and caps, shoes and bedclothes, and etc.