Project name

Automobile Wheel Hub

Cooperation form

Equity JV or contractual JV

Project description

Production scheme
Construction plan
Market analysis
Operation scale
Sales forecast

   Project scale: annual sales of automobile wheel hubs at RMB 420 million

   Ningbo Baody Auto Parts Co., Ltd. hopes investors from the USA, Europe, Japan or other developed countries and regions to subscribe to equity capital of the company. A foreign capital of USD 18 million will be introduced for purchase of aluminum wheel hub production equipment, holding over 50% equities of the company after capital increase. The investor may also invest by contributing above production equipment, or cooperate by means of technological input, OEM and resources sharing.
  Aluminum wheel hubs have a huge market demand and have advantage over steel ones. The global market demand for aluminum wheel hubs was 210 million pcs in year 2001 and 270 million pcs in year 2003. It is predicted the domestic demand will be 20 million pcs by year 2006.

   Annual sales income is forecasted at RMB 420 million and annual profit RMB 50 million.

Equipment import & material supply

Investment estimate & cost efficiency

Total investment

USD18 million

Registered capital

USD7.2 million

Annual sales

RMB420 million

Anticipated means of investment from foreign partner

Annual profit

RMB50 million

Foreign exchange

Technology

Equipment

Brand name

Others

Internal return rate

31.07%

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Payback period

2.5 yrs

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

   Ningbo Baody Auto Parts Co., Ltd. is a private enterprise specializing in manufacturing of up-market auto wheel hubs. The products range in specification from 12” to 28” and are widely used in cars, trucks and SUVs. The company employs E-business means to promote the brand and sales. Presently the company employs 160 people and has total assets of USD 12.08 million. It has the technical personnel and latest technologies for wheel hub production. The company is also entitled to preferential tax polices as a high-tech enterprise.

Project location & geographic advantage

    The project is conveniently located in the western suburb of Ningbo, close to Yinxian Avenue, to the west of Beilun Port, about 5km from Ningbo international airport and 15km from downtown Ningbo.

Project status quo

   At marketing stage   

Project data available

Investment promotion material    

Organization to contact

Foreign Investment Promotion Bureau of Yinzhou District

Person to contact

Wang Xianfeng

Address

13/F, 886, Baizhang East Road, Ningbo

Postcode

305040

Telephone

0086-574-87838068

Fax

0086-574-87396889

E-mail

webmaster@yinzhouchina.com.cn  

Website

www.baodywheel.com