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

Ser. No: 045 Industry: Textiles
March, 2001
Project Title
Top-grade Knitwear for Ladies and Children
Cooperation
Form
Joint Venture

Project
Description

ProjectScheme,
Construction
Planning,
Marketing Analysis,
Business Scaleand
Estimated Sales
The scale of production: an annual output of 1,200,000 pcs of top-grade Knitwear for ladies and Children.
Since the knitwear proves to be elastic, soft, ventilative and comfortable, it has occupied an important place in the clothing area. In the recent years, the new knitwears, complete with practicality, artistry and functionality, have appeared one after another. The project is intended to use the experience of Japanese Fuji Textile Corporation and others for reference in production, technology and brand so as to raise the scientific intention of products for the international market of the high-grade knitwears.
It is anticipated that the annual sales income would be 80 million yuan with the annual profit of 9 million yuan.

Equipment Tobe Importedand Rawmaterials to Be Supplied

Intended to introduce the Japan-made sewing machines, printing machines with Japanese Polo Brand to produce the top-grade disease-resistant underwears.

Estimated Investment and Benefit Analysis

Total
Investment
USD
5 million
Registered
Capital
USD
2.5 million
Annual
Salesincome
RMB 80 million
Investment Form of Foreign Partner
Annual
profit
RMB 9 million
Cash
Technology
Equipment
Brand
Others
Internal
Rateof
Recovery
28 percent
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-
Recovery
Periodof
Investment
4 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 Co., Ltd. is equipped with 10 large-diameter circular knitting machines, one dry and wet wool grinder, one calender, one Model AIRO-1000 soft warper, one fog-spraying dyeing machine as well as a T-shirt streamline, with an annual output of 400,000 garments.
Location Advantage
Located at the Ningbo city proper, the project can bring the superiority of geography, communications, economy, banking, sectors, talents and policy into full play.
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, China
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