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I. Project Name
Baoji Casting Industry Park Project
II. Project Implementation Agency
Shaanxi Qinchuan Machine Tool Group Co., Ltd. Qinchuan Casting Plant is a grade 2 enterprise subordinated to Shaanxi Qinchuan Machine Tool Group Co., Ltd. After 40 years¨ development, its scale has reached up to 20000 tons of iron casting and the sales income has exceeded 100 million Yuan. The products cover all shop signs of gray cast iron. The nodular cast iron has six series from QT350-22AL to QT700-2A. It involves various alloy cast iron, cast aluminium, cast copper, zinc base alloy, tin-base bearing alloy and etc. The total casting output of our country exceeded that of the summation of USA, Japan, France and South Korea.
III. Project Description
Relying on the technology, equipment and other resources of Qinchuan Casting Plant subordinated to the company, it is planned to requisition land about 800-1000 mu in Baoji to move the production field and extend the production capacity. The newly production building area and auxiliary building area will be 180000 m2 and 120000 m2 respectively. It will build a Qinchuan Casting Industry Park with annual production capacity of 150000 tons. The total investment of the project is 800 million Yuan. The project will be implemented by 3 stages. The newly-built casting plant shall live up to high jumping-off, top grade and it will not be backward within 20 years. After the third stage project is completed, Qinchuan casting will become the important supply base of machine tool and wind and electricity casting in northwest area.
IV. Total Investment and Cooperation Form
Total investment of the project is 800 million Yuan. Shaanxi Qinchuan Machine Tool Group Co., Ltd. provides cash and the overall tangible and intangible assets (excluding land and workshop) about 480 million Yuan, accounting for 60% of the total investment. Other investment party provides 320 million Yuan, accounting for 40% of the total investment. It is run according to the mode of establishing new company. The number of the introduced investors is not more than 3. The project gives priority to the corporate unit of equipment manufacturing. The net assets of the investors are not less than 100 million Yuan.
V. Anticipation of Market and Analysis of Investment Return
After the project meets its production target, the sales income of 1.2 billion Yuan, profit of 154.62 million Yuan is estimated to be realized. The profit rate of return is 19.33%. The internal rate of return (after tax) is 16.52%. The static investment recovery period of the project is 6 years.
Contact Person: Qin Hengnian Lv Xiaohu
Telephone: 0917-3670655 |
