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

Ser. No: 046 Industry: Textile
March, 2001
Project Title
The Fine-court, High-density and Wide-width Jacquard Velveteen Cloth for the Bed Purpose
Cooperation
Form
Joint Venture

Project
Description

ProjectScheme,
Construction
Planning,
Marketing Analysis,
Business Scaleand
Estimated Sales
The scale of production: an annual output of 66,800 sets of the fine-court, high-density and wide-width jacquard velveteen cloth for the bed purpose.
The jacquard velveteen cloth is made of the long napped cotton by means of unique jacquard weaving technology and the advanced post-finish workmanship. This has enabled the cloth with the bright colour and the silk-like feel, reflecting various performances of resistance to shrinkage, silk sound and velveteen. It is much appreciated from customers in the international market, and would be gradually substituted for the plain yarn-dyed and jacquard cloth for the bed purpose.
It is predicted to make 50 million yuan in the annual sales income with the annual profit of 4 million yuan.

Equipment Tobe Importedand Rawmaterials to Be Supplied

34 rapier looms for the great jacquard cloth are to be imported. Raw materials are available in the country.

Estimated Investment and Benefit Analysis

Total
Investment
USD
2.86 million
Registered
Capital
USD
2.01 million
Annual
Salesincome
RMB 50 million
Investment Form of Foreign Partner
Annual
profit
RMB 4 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, Ltd., 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.ms. with construction of 115,000 sq.ms. and employs 5,212 workers and staff members. Its equipments 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
The mill area is 30Km from Beilun Port in Ningbo, 5Km from Hangzhou-Ningbo expressway, 10Km from Lishe airport and 5 Km from Ningbo railway station. Water, electricity and gas are available.
Process of The Project
Project proposal completed
Document
Savailable
The description of the project.
Chinese Partner to Contact
Ningbo Veken Group Holding Co.,Ltd.
Person to
Contact
Ma Hui
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