宁波市对外经济贸易合作局

 

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PROPOSED PROJECTS FOR INTERNATIONAL ECONOMIC & TECHNICAL COOPERATION IN NINGBO IN 2005

Industry: light industry

March 10, 2005      

Project name

R&D Center of Small Home Electric Appliance

Cooperation form

Equity JV

Project description

Production scheme
Construction plan
Market analysis
Operation scale
Sales forecast

   Project scale: annual income of RMB 80 million from for the R&D center of small home electric appliance.
   With China's entry into the WTO, the Chinese home electric appliance will inevitably look to the world. To save cost, many overseas manufacturers are buying small home appliance from China or simply setting up their manufacturing facility in China. The project intends to introduce the international advanced manufacturing process and utilize the local low-cost resources to develop small home appliance. It should have a good market outlook.

   Annual operating income is forecasted at RMB 80 million and annual profit at RMB 12 million.

Equipment import & material supply

   Details to be discussed.
   

Investment estimate & cost efficiency

Total investment

USD7 million

Registered capital

USD4 million

Annual sales

RMB80 million

Anticipated means of investment from foreign partner

Annual profit

RMB12 million

Foreign exchange

Technology

Equipment

Brand name

Others

Internal return rate

21.6%

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Payback period

3.3 yrs

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

   Founded in 1992, Yuyao Economic Development is one of the provincial-level economic development zone approved by Zhejiang Provincial Government. The Zone is made up of three blocks, respectively located in the west, south and east of urban Yuyao, occupying a planned area of 13.12 sq. km. The newly developed Eastern New District, covering 9.1 sq. km, has all functional facilities for industry, residence, commerce, leisure, warehousing, culture, education, health, roads and squares. It has a greens coverage rate of more than 40%, suitable for building an eco-type community and green industry park. The Administrative Committee of Yuyao Economic Development Zone, a competent organization under the municipal government, is charged with the development and management of the Zone.    

Project location & geographic advantage

   The project is advantageously located in the northwest of urban Yuyao, close to China Light Industry City and China Plastic City, crossed by the extension of expressway and the city's main roads. The East City New District will put in RMB 1 billion to build the infrastructures like road, power supply, communication, sewage, water supply facility and land leveling.

Project status quo

   At marketing stage   

Project data available

Investment promotion material   

Organization to contact

Administrative Committee of Yuyao Economic Development Zone

Person to contact

Yan Weiming

Address

335 Ziling Road, Yuyao, Zhejiang

Postcode

315400

Telephone

0086-574-62610063

Fax

0086-574-62610088

E-mail

devez@A-kaifaqu.com 

Website

www.A-kaifaqu.com 


Ningbo Foreign Investment Development Board
Add:18/F, 190 lingqiao Road, Ningbo, China
Code:315000
Tel:86-574-87315792(NO.1 DEPT),87313267(NO.2 DEPT),87322285(NO.3 DEPT)
Fax:86-574-87315992,87315873
E-mail:service@ningbochina.com, invest@ningbochina.com
Website:Http://www.ningbochina.com

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