Ⅰ. Project Content
The project, covering a land area of 400 mu, intends to build the new standardized workshops and office buildings with total construction area of 180000 square meters and purchase a total of 184 sets of production and testing equipment. After the completion of the project, it will produce the vanes for wind generating sets blades with annual output of 2000 units.
Ⅱ. Investment Estimation and Capital Sources
The total investment for the project will be US$240 million, including fixed assets of US$180 million , initial working capital of US$60 million, intending to use foreign capital of US$200 million.
Ⅲ. Market Analysis
In all kinds of new energy, wind power technology is relatively mature and the market demand of the product is larger. It is expected that the market demand will reach 20 million KW by 2016 and 40million KW by 2020.Therefore the demand for wind generating sets blades will be greatly increased and the market prospect for the project is promising.
Ⅳ. Construction Conditions
This project is located in FRP Industrial Park of Zaoqiang in Hebei Province, which is close to the Daqing-Guangzhou Expressway and Beijing-Jiulong Railway. The transportation is convenient and the infrastructure conditions are excellent.
Ⅴ. Evaluation of Economic Benefit
After being put into production, the project will realize annual sales revenue of US$520 million, the annual net profit of US$60 million and tax of US$16 million.
Ⅵ. Introduction of Chinese Partner
Hebei Huaqiang Technology Development Co., LTD., with fixed assets of US$11.26 million and sales revenue of US$31.83 million in 2014, is a modern science and technology enterprise integraing scientific research, design, production, test, sales and service into a whole. It mainly produces FRP ventilation ducts, FRP central air-conditioning shells , sand inclusion FRP cable protection pipes, which involve five series and nearly hundred varieties. Huaqiang Company has become the member unit of "China FRP Industry Association", the member of "China Refrigeration Air Conditioning Industry Association" and "China Refrigeration Association".
Ⅶ. Approaches of Cooperation
Joint venture or cooperation,
Contact Person: Wang Hongjun
Address: No.368, Donghuan North Road, Zaoqiang County