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I. Project Name:
Construction of Metallic Silicon Production Line
II. Project Implementation Agency:
Shaanxi ShangnanZhongjian Industry Co.Ltd.
III. Project Description:
Shaanxi ShangnanZhongjian Industry Co.Ltd. was established in 1997 with a registered capital of RMB 3 million Yuan. As an enterprise of in the line of high pure silicon smelting, it mainly specializes in the production and sales of high pure silicon with a yearly output capacity of 3,000 tons. More than over 95% products are exported. The assets of the enterprise total RMB 12.49 million Yuan and the liability totals RMB 6.49 million Yuan. The asset-liability ratio is 52%. At present the enterprise plans to build twenty-two 6,300KVA smelting furnaces with a yearly output of 66,000 tons high pure silicon. Of the project scope, the construction area of the workshop is 85,995 m2 and the electric mechanical equipments are 412 sets.
IV. Total Investment and Cooperation Form:
The total investment of the project is USD 24.48 million, of which, the construction work accounts for USD 6.8 million, equipment procurement accounts for USD 8.32 million, assembly work accounts for USD 590 thousand, the land acquire and project preparation account for USD 2.35 million and the current capital accounts for USD 630 million. The partner investment should less than 49%, it is acceptable to invest either for fixed assets or current capital. The cooperation form: joint venture or compensation trade.
V. Anticipation of Market and Investment Return:
The high pure silicon are mainly exported to the developed countries. In 2003, the world demand on the products exceeded 1.6 million tons, but the output is only 0.7 million plus tons, therefore, the potential market is very large. After the completion of the project, the yearly sales income will reach USD 63.84 million, the profit will reach USD 12.94 million and the tax payment will reach USD 4.37 million. The financial internal return rate will be 79.18% and the investment recovery period 3.79 years.
Contact Person: Cai Huaxian
Tel: +86-914-6368193, 13309147598
Fax: +86-914-6368127
Add: Xiatangba, Shangnan county, Shangluo 726300
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