Project No.31

    1.The project name: Extension of crystallizers for continuous casting machines

    2.Mode of cooperation: Joint venture

    3.Period of cooperation: 10 years

    4.Total investment: 45 million RMB

    5.Form and quantity of Chinese investment: 30 million RMB including land, 
equipment, technology and cash

    6.Form and quantity of foreign investment expected: 15 million RMB

    7.Period of return on investment anticipated: 3 years

    8.Profile of the project: 
    The continuous casting technology possesses a lot of merits, such as high 
efficiency, high quality ingot, energy-saving, easy for automatic production 
and reducing the environment pollution. The crystallizer is the predominant part 
of the key equipment of the technology. So the requirement is much considerable 
in domestic and abroad. As stated above, our plant plans to improve the crystallizer, 
enhance the production capacity and produce the standard crystallizers in series. 
After being rebuilt, the production capacity will be 20000 crystallizers for square 
ingot, 300 crystallizers for plate ingot and 50 crystallizers for thin-plate ingot. 
30 million RMB is required for fixed assets and 15 million RMB for circulating 
capital. 

    9.Theprojectbelongs to: foreign-invested industries permitted by the State

    10.A brief introduction of Chinese party:     Changbei Mechanic Plant of Capital Iron & Steel Corporation is a state-owned 
middle-sized enterprise. There are 4500 staff, 360 of them are engineers or senior 
engineers. The plant with 520 pieces of equipment and facilities for machining is 
a particular plant, which mainly produces spare parts of metallurgical continuous 
casting equipment and also turns out facilities for civil explosion and military 
as subsidiary products. The crystallizers have 35% of market occupying rate. 

    11.Contact With:
    Full Name: Wang Xianlong
    Tel: 0086-335-4053306, 1350323066