THE PROPOSED PROJECTS FOR INTERNATIONAL ECONOMIC
AND TECHNICAL COOPERATION IN NINGBO IN 2001

Ser. No: 043 Industry: Textile
March, 2001
Project Title
Top-grade Wide-width Jacquard Cloth for the Household Purpose
Cooperation
Form
Joint Venture

Project
Description

ProjectScheme,
Construction
Planning,
Marketing Analysis,
Business Scaleand
Estimated Sales
The scale of production: an annual output of 150,000 pcs of top-grade jacquard bedding and 10 million sq.m. of top-grade jacquard cloth for the decoration purpose.
These two products are much appreciated from customers in the international market. The project is intended to introduce the related technology, equipment and brand by means of cooperation with some of American Corporations in a bid to raise the technical intention of the jacquard cloth series and develop the textiles series for the international household purpose in a common way.
It is predicted that the annual sales income would be 380 million yuan with the annual profit of 24.3 million yuan.

Equipment Tobe Importedand Rawmaterials to Be Supplied

Intended to import the key equipment.

Estimated Investment and Benefit Analysis

Total
Investment
USD
30.36 million
Registered
Capital
USD
12 million
Annual
Salesincome
RMB 380 million
Investment Form of Foreign Partner
Annual
profit
RMB 24.3 million
Cash
Technology
Equipment
Brand
Others
Internal
Rateof
Recovery
22 percent
¡Ì
-
¡Ì
-
-
Recovery
Periodof
Investment
5 years

Present Status of Chinese Partner(Current Ownership, Total Assets and Fixedassets, Present Products and Sales, Present Equipment Andtechnology and Facilities, etc.)

Ningbo Veken Group Holding Company, a stock firm under Ningbo Textile Holding Company, can be provided with the fixed assets of 471.73 million yuan. It covers an area of 135,000 sq.m. with construction of 115,000 sq.ms., and employs 5,212 workers and staff members. Its equipment include 2 chute feed systems, 17 automatic cone winders, 286 shuttleless looms as well as 3 new printing and dyeing production lines and the excellent knitting machines.
Location Advantage
Located at the city proper, the project can bring the superiority of the area location at the central city into full play. The group company has long devoted itself to the development of the international market with 26 offices and 700 distributions established in the country, forming the present largest sales networks for textiles in the country.
Process of The Project
Now under negotiation.
Document
Savailable
The description of the project.
Chinese Partner to Contact
Ningbo Veken Group Holding Co.,Ltd.
Person to
Contact
Dai Lili
Address
99, Heyi Road,, Ningbo
Post Code
315000
Telephone
0086 - 574 - 87253690 Ext. 1014
Fax
0086 - 574 - 87253691
E-mail
veken@mail.nbptt.zj.cn
Website
www.veken.com

Municipal Liaison Department: Ningbo Municipal Commission of Foreign Trade and Economic Cooperation
(Ningbo foreign Investment Development Board)
Address: 190 Lingqiao Road, Ningbo 315000, P.R.China
Telephone: 86-574-87327023(Information Liaison Dept.), 87315735(The First Sector Dept.), 87310671(The Second Sector Dept.)
Fax:86-574-87315992, 87327429
E-mail: xmb@ningbochina.com
Website: www.ningbochina.com