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

Ser. No: 087 Industry: Petrochemicals
March, 2001
Project Title
Acrylonitrile
Cooperation
Form
Joint Venture or Cooperation

Project
Description

ProjectScheme,
Construction
Planning,
Marketing Analysis,
Business Scaleand
Estimated Sales
The scale of production: an annual output of 100,000T acrylonitrile and its by-products of crude acetonitrile, ammonium sulfate and hydrocyanic acid.
Acrylonitrile is used to produce acrylonitrile fibre, ABS,and SAN resin. Acrylonitrile and its lower-reach products have been not meeting the demand for production in the country, and are gradually increasing in import. It has a ready market in the country.
It is predicted to make 13,2 billion yuan in an annual sales income with the annual profit of 180 million yuan.

Equipment Tobe Importedand Rawmaterials to Be Supplied

Intended to introduce equipment and technology, and import acryl material.

Estimated Investment and Benefit Analysis

Total
Investment
USD
14.4 billion
Registered
Capital
USD
48 million
Annual
Salesincome
RMB
13.2 billion
Investment Form of Foreign Partner
Annual
profit
RMB
180 million
Cash
Technology
Equipment
Brand
Others
Internal
Rateof
Recovery
20 percent
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¡Ì
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-
-
Recovery
Periodof
Investment
6 years

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

Ningbo Development & Construction Group Corp. , Ltd. is a state wholly-owned firm. Directly affiliated with it are 6 wholly-owned companies such as Ningbo Construction & Development company, and over 20 stock cimpanies including Zheyong Iron & Steel Investment Company. It takes charge of a part of governmental functions on investment, i.e., developmint, investment and management of projects which are conformed to the policy of our industrial sectors and look a good future. The investment scope includes banking, energy, iron & steel, chemicals, electronics, pesticide, real estate, and commerce and trade.
Location Advantage
The project is intended to be built in the planned Ningbo Chemicals Area, only some kilometres away from the Beilun deep-water port and the liquid chemicals dock, the largest in the country. It is easily accessable by sea, land and air. Moreover, it is adjacent to the China plastics City, the largest plastics collection and dispersion in the country. The project can make full use of superiority of Ningbo port, and is necessary for the large vinyl project under preparation. This would keep in line with the policy of our industrial sectors.
Process of The Project
The project is now under preraration.
Document
Savailable
Preliminary feasibility study
Chinese Partner to Contact
Ningbo Planning Commission
Person to
Contact
Liang Feng
Address
91 North Jiefang Rd., Ningbo, China
Post Code
315010
Telephone
0086-574-87186866
Fax
0086-574-87362364
E-mail
-
Website
www.nbdpc.gov.cn

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