Project name

Washing Machine Featuring New Technology

Cooperation form

Equity JV or contractual JV

Project description

Production scheme
Construction plan
Market analysis
Operation scale
Sales forecast

   Project scale: annual output of 1,600,000 washing machines featuring new technology.
   The Chinese enterprise intends to have long-term strategic cooperation with an overseas major enterprise in possession of advanced technology for detergent free washing machines. It hopes the foreign partner will provide the technologies relating to electrolytic water sterilizing, ultrasonic dirt pulverizing, cold-boiling washing process, ozone washing process and nano-tech washing process. Also, the foreign partner is expected to provide production process for biological washing machine, vacuum washing machine, bubble washing machine and other eco-friendly ones. With the improvement of living standard, people are more and more environmentally conscious and therefore the washing machines featuring new technology are bound to be popular on the market.

   Annual sales income is forecasted at RMB 145 million and annual profit at RMB 14.5 million.

Equipment import & material supply

Investment estimate & cost efficiency

Total investment

USD8 million

Registered capital

USD4 million

Annual sales

RMB145 million

Anticipated means of investment from foreign partner

Annual profit

RMB14.5 million

Foreign exchange

Technology

Equipment

Brand name

Others

Internal return rate

22.8%

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Payback period

3.14 yrs

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

   Cixi Shunda Industrial Co., Ltd. is a private shareholding enterprise incorporated in 1983. As one of the top 100 enterprises of Cixi, the company specializes in the production of washing machines and products matching home electric appliance and operates on fair scale and with fair reputation. The company has complete equipment, including computerized plastic molding machines, full production lines and sophisticated test equipment. The main products of the company such as double-tub washing machines, XJ and XJX series reducers for double-tub washing machine and SDB series permanent magnetic electric drainage pump, have obtained ISO9001 quality system certification and the national CCC certification. Part of the new products are listed as high-tech projects by Ningbo Municipal Government.

Project location & geographic advantage

   The project is located in Guanhaiwei Town Industrial Development Zone of Cixi, adjacent to the national highway No. 329 on the south and Zhongheng Road on the north, 60km from Ningbo airport and Beilun Port, 7km from the extension of Hangzhou-Ningbo Expressway and 30km from the prospective 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