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

Ser. No: 089 Industry: Petrochemicals
March, 2001
Project Title
Polyvinyl Chloride (PVC)
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 200,000 T polyvinyl chloride. The annual PVC requirement is about 300,000 tons in our country. Zhejiang Province is the main area for consumption, where the annual output of its products has accounted for 16 percent of the total in the country. Moreover, Ningbo is also the key area for consumption in the province, accounting for 20~30 perent of the total in the province. The tendency for consumption is gradually increasing year by year, so it looks to have a brisk market . Of the products in the project, the general-purpose PVC would make up 70 percent and the special-purpose PVC 30 percent of the total.
It is predicted that the annual sales income would be 16 billion yuan, including 200 million yuan for the annual profit .

Equipment Tobe Importedand Rawmaterials to Be Supplied

It is intended to introduce equipment and technology, and import vinyl chloride.

Estimated Investment and Benefit Analysis

Total
Investment
USD
148 million
Registered
Capital
USD
49.5 million
Annual
Salesincome
RMB
16 billion
Investment Form of Foreign Partner
Annual
profit
RMB
200 million
Cash
Technology
Equipment
Brand
Others
Internal
Rateof
Recovery
16 percent
¡Ì
¡Ì
¡Ì
-
-
Recovery
Periodof
Investment
5 to 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 companies including Zheyong Iron & Steel Investment Company. It takes charge of a part of governmental functions on investment,i.e., development, 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 preparation.
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