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

Ser. No: 063 Industry: Machinery
March, 2001
Project Title
Shipbuilding Base in Daxie Island
Cooperation
Form
Joint Venture or Cooperation

Project
Description

ProjectScheme,
Construction
Planning,
Marketing Analysis,
Business Scaleand
Estimated Sales
The scale of construction: intended to construct two shipyards, one for 300,000-ton ships and another for 150,000-ton ships, as well as two outfitting docks for 300,000-ton ships and two outfitting docks for 150,000-ton ships.
The recent years witnessed the rapid demand for various ships in the global shipping industry, with a brisk market for the new ship orders. The shipbuilding industry is tending to resume its flourish in the world. The orders for VLCC, Suez Type oil tanks, finished-oil tanks, and vessels for chemicals and liquified petroleum gas are increasing, thus resulting in a flourishing shipbuilding market. It is predicted that the domestic requirements for the above ships would be gradually increased too. If our shipbuilding industry will develop in the light of the strong shipbuilding countries, it should strive for opportunity to develop the large shipbuilding facilities. At the present time, the construction of the shipbuilding base on Daxie Island is keeping in line with the development of our ship industry. With the favourable port condition and geographical location, Daxie base would enjoy broad prospects for the development of the shipbuilding industry. The project covers an area of 800,000 sq.m..
It is predicted to make 4.349 billion yuan in the annual sales income with the annual profit of 467.1 million yuan.

Equipment Tobe Importedand Rawmaterials to Be Supplied

All materials are available in the country.

Estimated Investment and Benefit Analysis

Total
Investment
USD
365million
Registered
Capital
USD
150 million
Annual
Salesincome
RMB
4.349 billion
Investment Form of Foreign Partner
Annual
profit
RMB
467.1million
Cash
Technology
Equipment
Brand
Others
Internal
Rateof
Recovery
13.05 percent
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Recovery
Periodof
Investment
10.7 years

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

CITIC Daxie Development Company, a wholly-owned subsidiary company under China International Trust & Investment Corporation (CITIC), was established on Jan.11,1994 with the approval of the State Economic and Trade Commission. Its main task is to develop land in spots on behalf of CITIC.
Location Advantage
Daxie Island boat the deep-water coastline, 10Km in length. It is available for the construction of the large ship base due to its peaceful wave and smooth current. Through five years of development and construction, its infrastructure such as water and power supplies, and communications, has been gradually perfected to ensure the construction and production for the project.
Process of The Project
Now under preparation
Document
Savailable
The description of the project
Chinese Partner to Contact
The Investment Bureau of Ningbo Daxie ETD Zone
Person to
Contact
Su Shenlin
Address
Ningbo Daxie ETD zone
Post Code
315812
Telephone
0086 - 574 - 66768458 , 66769227
Fax
0086 - 574 - 66768433
E-mail
citicdx@mail.nbptt.zj.cn
Website
www.citic-daxie.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