Type of Project: Mechanical & Engineering Industry

Name of Project:

Project of Building the Processing Line of Cattlehide

Project Content: It is planned to make requisition for land up to 50 mu and build workshop up to 9,000 square meters and import equipment of 170 sets so as to build a cattlehide processing line with capacity of 450,000 pieces yearly.

Construction Condition: The sponsor has been appointed the experimental base of cattle breeding, cattlehide processing. At present, it owns an automatic processing line of cattle slaughtering with capacity of 10,000 heads yearly by a single-shift. The products have a good prospect of market.

Investment & Composition: Total investment amounts to US$ 31 million, including fixed assets of US$ 12.1 million and working capital of US$ 18.9 million. The sponsor invests up to US$ 16 million and the partner for US$ 15 million.

Economic Benefit Evaluation: Annual sales volume of US$ 48.37 million, profit and tax of 14.51 million.

Project Status: The project has been approved already.

Mode of Cooperation: Joint venture, solely foreign-invested venture and cooperation.

Project Sponsor: Hubei Gangfeng Tianpu Cattle Food Co. Ltd.