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

Ser. No: 099 Industry: Petrochemicals
March, 2001
Project Title
3-methyl Valeric Acid and its Derivatives
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 2,000T 3-methyl valeric acid and its derivatives.
3-methyl valeric acid is a multi-branching chain and the saturated monocarboxylic acid, with an unique physical and chemical performance. It is widely applied to pharmaceuticals, pesticide, perfume, chemicals, etc. Therefore, it is a promising fine chemicals and basic material. From 1990`s on, a small production is available in our country. However, it still falls short of the rising demands. It is required to import it for over 1,000 tons from France.

Equipment Tobe Importedand Rawmaterials to Be Supplied

The key equipment would be imported, and the main raw materials isobutylene and carbon monoxide are available in the country.

Estimated Investment and Benefit Analysis

Total
Investment
USD
3 million
Registered
Capital
USD
2.1 million
Annual
Salesincome
RMB
33 million
Investment Form of Foreign Partner
Annual
profit
RMB
6 million
Cash
Technology
Equipment
Brand
Others
Internal
Rateof
Recovery
24 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 RMB847 million 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
nichc@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