Project name

Comprehensive Processing of Algae

Cooperation form

Equity JV or contractual JV

Project description

Production scheme
Construction plan
Market analysis
Operation scale
Sales forecast

   Project scale: annual output of 6000 ton of alga products.
   After operation, the project will annually generate 6000 ton finished products, including 3000-ton kelp powder, 1000-ton kelp sauce and 2000-ton kelp shreds.
   The project will play a significant role in boosting the local aquaculture and economy, protecting the ecological environment and promoting the sustainable development of marine resources. It also accords with the current industrial orientations of China. The related production process is advanced and proven. In short, the project is fairly feasible in terms of market, technology and production and economics and may expect good social, ecological and economic benefits but lower risks.
   Annual sales income is forecasted at RMB 61 million and annual profit at RMB 9.92 million.     

Equipment import & material supply

Investment estimate & cost efficiency

Total investment

USD4.58 million

Registered capital

USD2.30 million

Annual sales

RMB61 million

Anticipated means of investment from foreign partner

Annual profit

RMB9.92 million

Foreign exchange

Technology

Equipment

Brand name

Others

Internal return rate

28%

a

Payback period

3.1 yrs

Basic facts of Chinese partner (ownership, total and fixed assets, current products and sales, current equipment and technology, support facility, etc.)

   Ningbo Chaoxing Marine Biological Product Co., Ltd. is an industrial enterprise specializing in the production and development of marine biological products and marine fodder. It combines the research, industrial and sales activities and is a technology-oriented enterprise enjoying priority support from Xiangshan County Government. The company occupies a land area of 30 mu, has total assets of RMB 25 million and annual output of RMB 50 million, with 68 people (2 senior engineers) in current employment. The company runs an independent marine biological R&D center, which is provided with 8 specialist researchers and 12 sets of advanced test equipment for new product development activities.

Project location & geographic advantage

   The project is located in Shipu of Xiangshan, one of the six fishing harbors in China. Here are rich marine life resources and the 800m-long coastline ideal for breeding of kelp and other algae. The fishermen here also have a long history and rich experience in marine aquaculture.

Project status quo

   At marketing stage

Project data available

 Project FS

Organization to contact

Ningbo Chaoxing Marine Biologial Products Co., Ltd.

Person to contact

Ye Zaifu

Address

Shipu Aquatic Food Processing Zone, Xiangshan County, Zhejiang

Postcode

315731

Telephone

0086-574-65976812

Fax

0086-574-65982687

E-mail

Website