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UNIDO PROJECT13

PRODUCTION LINE OF PRODUCING 50,000 TONS OF CENTRIFUGAL CAST TUBE

COUNTRY: CHINA

PROJECT NO.: IPSCN/CH/99-44

ISIC: 2731 Casting of iron and steel

DESCRIPTION:
This project is sponsored by Longyan Steel Enterprise Company which is founded in 1970. The company has 6 blast furnaces, among which one is 120.75 cubic meters, two are 55.3 cubic meters, with a total capacity of 365 cubic meters and an annual production of 250,000 tons of vast iron. It is tentatively planned that the molten iron supplied by the two 55.3 cubic meter furnaces are thermo-transported to the preparation workshop of the cast tube branch plant, to produce centrifugal cast tubes after further treatment. The adoption of the duplex electric induction furnace to smelt the molten iron not only greatly increase the labour productivity but also a lot of resources. After the project is completed and put into operation, the normal annual sales income will be US$26.51 million, the tax be US$3 million and the profit be US$2.46 million. The rate of return on investment will be 20.36%, and the period for recovery on investment will be 6.64 years. The construction loan repayment period will be 4.71 years counting from the year of production.
PRODUCTS TO BE MANUFACTURED:
Product 1:DN 100-700 mm of centrifugal nodular cast iron tubes
ANNUAL CAPACITY:
Product 1: 50,000 tons
ANNUAL TURNOVER:
30 million US$
TOTAL INVESTMENT: 16 million US$
Local: 7.84 million US$
Foreign:8.16 million US$
FOREIGN PARTICIPATION SOUGHT:
Joint Venture, Management expertise, Market access, Marketing expertise
BACKGROUND ECONOMIC INFORMATION AVAILABLE:
Feasibility study

Contacts:

Ms. Feng Xiaohong / Project Officer/ Investment Promotion Services China/ UNIDO

Tel: (0086-10) 65326141 / Fax: (0086-10) 65326145
E-mail:
ipschina@info.iuol.cn.net

     





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