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

Ser. No: 078 Industry: Agriculture, Forestry, Animal Husbandry, Fishery and Related Industries
March, 2001
Project Title
Fish Breeding Base by Means of Mesh Boxes in the Sea
Cooperation
Form
Joint Venture

Project
Description

ProjectScheme,
Construction
Planning,
Marketing Analysis,
Business Scaleand
Estimated Sales
The scale of production: an annual output of 2 million tails of various adult fish, totalling about 2,000 tons.
The living fishes and their processed products will be exported to Japan, South Korea and Europe for 50 percent of the whole, and received at the large and medium cities such as Shanghai, Beijing, etc. for another 50 percent. They would enjoy a ready market.
It is intended to breed perch for 5,000 boxes, the greater croader for 3,000 boxes, and American red snapper and porgy for 2,000 boxes on an area of 2,000 mu water area.
It is anticipated to make 9 million yuan in the annual sales income with the annual profit of 29.7 million yuan.

Equipment Tobe Importedand Rawmaterials to Be Supplied

The fish net will be imported for 150 tons from Japan or South Korea.

Estimated Investment and Benefit Analysis

Total
Investment
USD
8.44 million
Registered
Capital
USD
6.3 million
Annual
Salesincome
RMB
90 million
Investment Form of Foreign Partner
Annual
profit
RMB
29.7 million
Cash
Technology
Equipment
Brand
Others
Internal
Rateof
Recovery
40 percent
¡Ì
-
-
-
-
Recovery
Periodof
Investment
2.5 years

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

Ningbo Taihe Fishing(Group) Co., Ltd., a collective-owned enterprise, can handle import and export business. It can be provided with the total assets of 79.15 million yuan, including the fixed assets of 45 million yuan. They are mainly exported to Japan, South Korea and Spain. The company has so far boasted over 3,000 mesh boxes for breeding in sea and a ship for the living fish transportation. The annual living fishes for sale have reached over 400 tons.
Location Advantage
Located at the east side of Tongzhao village in Xiangshan port, it is endowed with the good breeding conditions. The fry and feed are abundant for supply. The special wharf is available.
Process of The Project
The production, supply and marketing system has come into being for the project. Seek for foreign investment.
Document
Savailable
Project proposal
Chinese Partner to Contact
Ningbo Taihe Fishing(Group) Co., Ltd.
Person to
Contact
Wu Yaping
Address
Tongzhao Village, Fenghua, Zhejiang, China
Post Code
315516
Telephone
0086 - 574 -8 8747988 , 88747983
Fax
0086 - 574 - 88747820
E-mail
nbzygs@eieten.net
Website
www.wyatiog.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