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

Ser. No: 097 Industry: petrochemicals
March, 2001
Project Title
High-effect & Low-poison Pesticide
Cooperation
Form
Joint Venture, Cooperation or BOT

Project
Description

ProjectScheme,
Construction
Planning,
Marketing Analysis,
Business Scaleand
Estimated Sales
The scale of production:an annual output of 6,000 T high-effect & low-poison pesticide.
Malathion is one of pesticides for more consumption in the country. It is mainly used for the compound composition of pesticide. At present, the annual requirement for it has totalled over 3,800 tons in the domestic market. Malathion, used as a main substitute for the high-poison pesticide,will be expansed in its applications. Fenitrothion is an organic phosphorus insecticide with high effect and low poison. It is annually required for about 400 tons in the country, and for 700 tons in export, Pendimethalin, a herbicide, is widely applied to the rice field and dry land. It is now mainly for export,with the market capacity of 1,500 tons a year. With the raise of global environmental protection, the application of the high-effect and low-poison pesticide is more and more wider. Thus, it has a brisk market. The annual output of the project will be 4,000 tons for malathion, 1,500 tons for fenitrothion, and 500 tons for pedimethalin.
It is predicted that the annual sales income would be 130 million yuan with the annual profit of 18 million yuan.

Equipment Tobe Importedand Rawmaterials to Be Supplied

No equipment from importation, and all raw materials available in the country.

Estimated Investment and Benefit Analysis

Total
Investment
USD
13 million
Registered
Capital
USD
5.2 million
Annual
Salesincome
RMB
130 million
Investment Form of Foreign Partner
Annual
profit
RMB
18 million
Cash
Technology
Equipment
Brand
Others
Internal
Rateof
Recovery
25 percent
¡Ì
-
-
-
-
Recovery
Periodof
Investment
3.7 years

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

Ningbo Mingri Chemical Group Co.,Ltd. is a chemical enterprise to serve as adjuncts to pesticide and chloric soda. It has the total assets of 300 million yuan, including the fixed assets of 137 million yuan. Its annual production of pesticide and chemicals has totalled over 80,000 tons, with the annual sales income of 170 million yuan. Its main products include malathion, fenitrothion and pendimethalin.
Location Advantage
Intended to be built in Ningbo Chemical Industry 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,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