1. Background
This project is to recover such waste as the packing of fast food and electrical appliance to produce composite wood which can replace natural wood and be used as the material for indoor as well as outdoor decoration. The production capacity is 50,000 t/a.
2. Market Analysis
Up until now, there are no composite wood producers in China. Investigation shows that the annual demand for wood in domestic market now reaches 90 million m3 and it is still increasing. It is estimated that the demand in 2000 will be 120 million m3 while the corresponding supply is only 63.9 million m3. In China, wood constitutes 9% of all the decoration materials. This ratio is only 2% in U.S.A. and Germany and 5% in Japan. So, to substitute for wood is imperative now. With the development of real estate, the market of decoration materials is ever enlarging. The composite wood floor, almost equal to the natural one in quality as well as appearance, is much cheaper. So, its market is enormous.
3. Technological and Equipment Planning
High technology is adopted in this project and its production capacity is 50,000 tons per year.
4. Investment Estimation
Total investment: 198.59 million yuan, among which the fixed assets investment is 180.34 million and the floating assets at the earlier stage are 18.16 million.
Source of the capital: 78.59 million yuan will be raised by the enterprise itself, 40 million will come from national subsidy and 80 million will come from financing as well as loans from the Industrial and Commercial Bank.
5. Economic Benefit Analysis
It is estimated that the sales income will reach 597.71 million yuan, the total profit 170.72 million and the total profits and taxes 176.42 million.
6. Mode of Cooperation
The foreign party can invest capital as well as equipment, using the forms of loan, sino-foreign cooperation or financing. Part of the products can be exported.
7. Brief Introduction of the Undertaking Unit
The major products of No.4 Plastic Plant, a middle enterprise operated jointly with the National Packing Company, is plastic composite package. It now has 318 employees, among which 78 are technicians. In 1999, its output value is 110 million yuan, taxes and profits are 7.2 million and its profit reaches 4.8 million.
8. Contact
Name of the enterprise: Wuhu No.4 Plastic Plant
Legal person representative: Zhou Jianzhao
Contact: Zhang Xiaowei
Address: No.14, Kangfu Road, Wuhu City, Anhui Province
Tel: 0553-2862730, 2865448
Fax: 0553-2866796
P.C.: 241000
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