Project No.38

   

1.Name of Project：On-line Coated Float Glass Production Line

2.Methods of Cooperation：Joint Venture , Cooperation

3.Period of Cooperation：10 years

4.Total Investment：23.50 million USD

5.Chinese Investment & Formation：registered capital is 9.4 million USD,Qinbo group sharing 75%,Xiangyu company sharing 25%.The capital except registered is financed by Joint Venture.

6.Foreign Investment Expected & Formation：14.10 million USD.

7.Period of Return on Investment：4.69years

8.Profile of the Project：This project’s production is heat refletive coated glass,low radiation coated glas.they belongs to high and new technical production which have extrusive advantage perfornance.They can apply widely in the field such as control,entironment,decoration etc. Their good heat insulation and predominant optica and good machining make them become one of new glass material can not be replaced.At present,the production capability of plated glass is 20 million ㎡.This project can overcome most of off-line colated glass’s high cost,low quality shortcoming.Some of information indicated the market requirement of high quality will increase quickly to 40 million ㎡ in 2005,this project have wide foreground.

9.A Brief Introduction of Chinese Party：Qinhuangdao Qinbo Building Materials Group Co.,Ltd is located at coastal city-Qinhuangdao city,Hebei Province,P.R.China,As a first class large enterprise of our country,and one of top hundred preponderance enterprise of Hebei,the company covers a land of 540,000square meters,and has a building area of 142,000 square meters.The company has total assets RMB 400 million by the end of 2001,2751 staff including 330 professional technical persons,22 senior engineers and 110 engineers.The company has all capital,control and participation subsidiaries of Qinhuangdan Glass Factory,Aoge Glass Co.,Ltd.,Aoge Plastic Profile Factory,Qinxiang Special Glass Co.,Ltd,Laicheng Electronic Co.,Ltd,and Qinhuangdao Glass Bead Factory.

10.Analysis of Economic Efficiency: annual sales revenue is 273 million 

yuan  RMB,annual anerage profit is 50.48 million yuan RMB, investment profit 

rate is  25.88 persent,internal rate of return is 26.18 persent,investment 

recovery period  is 4.69 years.

11.The Progress of The Project:This project will be located in QETDZ, 

Total area is about 600 mu (40,000 suqare meters).An on-line  coated glass 

production line will be set up with melting capacity 450  tons per day,And 4 

million square meters of coated glass and 1.2 million weigh cases of 

quality float glass can be manufactured per yerar.The principal part of 

project is completed now, The capital gap is 14.1  million US dollar.

12.Contact with：

Person in Charge：Huang Feng , Zhangwenjun Add：Investment Promotion Bureau 

of Qinhuangdao Economic & Technical Development Zone

TEL：0086-335-8056491

FAX：0086-335-8056974

Zip Code：066004