Project name

Deep Frozen Vegetables, Fresh Vegetables and Aquatic Products

Cooperation form

Equity JV or contractual JV

Project description

Production scheme
Construction plan
Market analysis
Operation scale
Sales forecast

   Project scale: annual output of 10,000 ton deep-frozen vegetables, fresh vegetables and aquatic products.
   The foodstuff industry is a mature industry that has a wide market both at home and abroad. The demand for foodstuff has kept increasing each year and the supply of foodstuff is falling short of the demand. Because of the low production cost at home, the products have considerable competitive edges in terms of price. The company intends to introduce high technologies relating to farm products and exploit new markets. It plans to increase the output by 2000 ton on a year-on-year basis, and the annual output is expected to reach 10,000 ton by year 2008.
   Annual sales income is forecasted at RMB 50 million and annual profit at 5.5 million.   

Equipment import & material supply

Investment estimate & cost efficiency

Total investment

USD3 million

Registered capital

USD2.1 million

Annual sales

RMB50 million

Anticipated means of investment from foreign partner

Annual profit

RMB5.5 million

Foreign exchange

Technology

Equipment

Brand name

Others

Internal return rate

23%

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a

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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.)

   Cixi Lushen Food Co., Ltd. is a comprehensive food processing enterprise mainly engaged in production of deep frozen farm produce, fresh vegetables and aquatic products. It has annual processing capacity of 3500-ton deep-frozen farm produce, 1000-ton fresh vegetables and 2500-ton aquatic products, 80% of them for export. The company has total assets of RMB 4 million and annual sales of RMB 25 million. The factory has a building area of 2000 square meters, equipped with a 400-ton refrigerated storage, two vegetable deep freezing lines and one seafood processing line. All workshops and equipment meet the requirements of the State inspection and quarantine administration and scientific production process is adopted. As a food processing enterprise that relied on agricultural operation, the company owns 4000-mu farmland, which ensures the reliable supply of good raw material.

Project location & geographic advantage

   The company is located in Fushan Subdistrict of Cixi, 15 from the Yuyao entrance to Hangzhou-Ningbo Expressway, 60km from Ningbo international airport, 128km from Hangzhou and 10km from the Hangzhou Bay Bridge.

Project status quo

   At marketing stage

Project data available

Investment promotion material

Organization to contact

Cixi International Business Promotion Center

Person to contact

Yao Yanming

Address

269 Zhishan Road, Cixi, Zhejiang

Postcode

315300

Telephone

0086-574-63886053

Fax

0086-574-63886844

E-mail

cixi@china.com  

Website

www.investcixi.com