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I. Project Name
300000t/y PVC Project
II. Project Implementation Agency
Xihua Thermal Electric Chemical Industry Co., Ltd.
III. Project Description
Xihua Company was the only key chlorine and alkali chemicals enterprise set up in Northwest Region during the First Five-year Plan Period. It has a registered capital of 860 million Yuan, total assets of 1.3 billion Yuan. It has 3781 employees. By utilizing rich coal, limestone, electric power, crude salt resources and the increase of raw material demand during the West Economic Development, taking the move of the existing factory area at Kunming Road as turning point, it is planned to develop the fine chemical industries with chlorine and alkali chemicals as its leading industry. The project is the first stage project of the planning of the new district. Combined with the existing device and move contents of Xihua Company, the planned PVC and caustic soda series products are 300000 tons and 280000 tons respectively. After the completion of the second stage, 600,000 t/y PVC and 560,000 t/y soda and other serial fine chemicals will be formed.
IV. Total Investment and Cooperation Form
Total investment of the project (the 1st stage) is 3.79 billion Yuan. It is planned to establish stock company with Xihua Thermal Electric Chemical Industry Co., Ltd. as initiator. It raised 30% of capital and the rest will be loaned from the bank.
V. Anticipation of Market and Analysis of Investment Return
Up to 2012, the home PVC demand is estimated to be 17 million tons. The gap is about 2.56 million tons. During 2006~2011, the caustic soda demand will increase at a speed of 8%゛10%. In 2012, the market demand will be 19.86 million tons. The market prospect is broad. The sales income in normal year is 3998.73 million Yuan, tax and additives is 273.34 million Yuan. Annual profit amount is 645.34 million Yuan. Annual income tax is 161.33 million Yuan; annual profit after tax is about 484 million Yuan. The profit rate of investment is 13.49%. The investment recovery period is 6.87 years. The internal rate of return is 27.51%.
Contact Person: Zhang Wenping
Telephone: 029-84242211
Fax: 029-84242211 ext. 2239
Address: No. 356, Kunming Road, West Suburb, Xi¨an City, Shaanxi Province
Post Code: 710077
E-mail: zwp-68@163.com |
