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

Ser. No: 094 Industry: Petrochemicals
March, 2001
Project Title
L-phenylalanine
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 1,000 T L-phenylalanine.
L-phenylalanine is one of amimo acids for human body. It is mainly used not only as raw materials for the high sweet taste aspartame and the anti-cancer drug containing amimo acid, but also as an important composition both for the amimo acid-containing liquid medicine by means of intravenous injection, and for the food additive. The present annual requirement for L-phenylalanine is more than 1,000 tons according to the domestic "protein sugar" factories. As it still falls short of the demands for the international market, it has a ready market.
It is predicted that the annual sales income would be 207.5 million yuan with the annual profit of 66.4 million yuan.

Equipment Tobe Importedand Rawmaterials to Be Supplied

Intended to introduce the international advanced technology, key equipment and raw materials.

Estimated Investment and Benefit Analysis

Total
Investment
USD
24.1 million
Registered
Capital
USD
10 million
Annual
Salesincome
RMB
207.5 million
Investment Form of Foreign Partner
Annual
profit
RMB
66.4 million
Cash
Technology
Equipment
Brand
Others
Internal
Rateof
Recovery
30 percent
¡Ì
¡Ì
-
-
-
Recovery
Periodof
Investment
3 years

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

Ningbo Chemicals Holding(Group) Co.,Ltd. has a total asset of RMB 847million yuan with the net assets of RMB 352 million yuan. Ningbo Chemicals come in five varieties with over 60 specifications,including agricultural chemicals, basic chemical raw materials, rubber products, fine chemicals and chemical machinery. Main products for export are pesticide, chemicals, pharmaceuticals, dyestuff, paint, leather products, rubber shoes and so on. Its annual export turnover recorded US$ 23 million dollars.
Location Advantage
Planned to be established in Ningbo Chemical Industry Development Zone approved by Ningbo People's Government.
Process of The Project
Foreign investment promotion
Document
Savailable
Project proposal
Chinese Partner to Contact
Ningbo Chemicals Holding(Group) Co.,Ltd.
Person to
Contact
Ma Yongxiang
Address
18th floor, Lingqiao Plaza Mansion,31. Yaohang Street,Ningbo, China
Post Code
315000
Telephone
0086 - 574 - 87299201, 87295783
Fax
0086 - 574 - 87291889
E-mail
ncihc@pub.cnnb.net
Website
www.ningbochemical.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