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

Ser. No: 100 Industry: Pharmaceuticals
March, 2001
Project Title
Midazolam Medroxyprogesteron as Raw Material for Drug, and Its Intermediate
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 200T midazolam medroxyprogesteron as raw material for drug, and its intermediate. Midazolam medroxyprogesteron is a chemical synthetic drug. It is in short supply because of the wide application, the high potential in deep processing and a brisk market. Our products would be exported for 80 percent of the total to Europe, the Middle East and other countries and regions.
It is predicted that the annual sales income would be 300 million yuan with the annual profit of 52 million yuan.

Equipment Tobe Importedand Rawmaterials to Be Supplied

Intended to import the test instruments.

Estimated Investment and Benefit Analysis

Total
Investment
USD
5 million
Registered
Capital
USD
3 million
Annual
Salesincome
RMB
300 million
Investment Form of Foreign Partner
Annual
profit
RMB
52 million
Cash
Technology
Equipment
Brand
Others
Internal
Rateof
Recovery
50 percent
¡Ì
-
-
-
-
Recovery
Periodof
Investment
1.25 years

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

Ningbo Renjian Pharmaceuticals Co., Ltd., a high-tech enterprise, is specialized in producing medicine and chemical reagent. With the total assets of 45.98 million yuan, it employs over 200 workers and staff members, including more than 40 engineers and technicians. Skilled hands and advanced equipment have enabled the company to be the largest productive base for human chorionic genadotrophin in China. The company-made chemical synthetic drug, biochemical pharmaceuticals, and medicine for animals have been exported for over 90 percent of the total to Europe, America, Southeast Asian Countries and other countries and regions, making 28 million yuan in the sales income in 2000.
Location Advantage
The project will be located at the planned Ningbo Chemicals Zone, only 16Km from the largest liquified chemicals dock in China, connected with No.329 national highway. It has a convenient transport service. Water, power and gas are available. The zone can enjoy the same preferential treatments as that of the Ningbo city-levelled ETD Zone.
Process of The Project
The factory building for the project is now under preparation.
Document
Savailable
Documents for foreign investment are available.
Chinese Partner to Contact
Ningbo Renjian Pharmaceuticals Co.,Ltd.
Person to
Contact
Cen Jian
Address
Yuantong village, Zonghan Town, Cixi City,Zhejiang,China
Post Code
315301
Telephone
0086 - 574 - 63013113
Fax
0086 - 574 - 63011512
E-mail
-
Website
-

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