Project No.7

    1.Name: Technology Innovation of the figured glass

    2.Cooperation ways : Joint venture
 
    3.Cooperation Period : 20 years

    4.Total investment : RMB48.91million

    5.Investment by Chinese side: RMB28.1million

    6.Expected foreign investment: USD2.51million
 
    7.Estimated payoff period:4.2 years including constructionperiod
 
    8.Outline of the project: Through market forecasting, the   
figured glass is 1,000 square meters / year short in the domestic 
market. The project is to introduce figured glass forming machines 
from abroad, the production scale is 2.74million square meters/year, 
it is in correspondence with the building materials industry policy 
and national industrial policy.

    9.The project is subject to the foreign investment encouraged 
by the nation.

    10.Outline of Chinese enterprise: Qinhuangdao North Glass   
Group is one of  500 key large state-owned enterprises in the 
nation, mainly produces floating glass and further  processed 
products. It is also one of five biggest enterprises in building 
industry of Hebei province, with higher level management and  
economic power. The factory area is 500,000 square meters. It has 
3,000 staff, 400million fixed assets. It completed 300million output 
value, the profit tax is RMB50million.

    11.The feasibility research report is available.

    12.Person in charge: Ding Xinjie
    Tel: 0335-8054640
    Fax: 0335-8056974