| Cerca Collaborazione: Annual Production of 20,000 ton Precision Copper Belt |
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| 2005-11-29 17:39 Chinese Embassy |
Ⅰ.Project description:
The demand for the copper belt used for cables and transformers is greater and greater with the wider market of wires, cables and transformers. To meet the demand of the market, it’s planned to introduce key equipment of roughing mill, finish rolling mill, cutter, adjusters and so on to go with the present domestic equipment and produce 20,000ton copper belt every year to gain the sales of $ 100 million.
Ⅱ.Brief introduction of the undertaking:
Baosheng Group is a large-scale state-owned enterprise which manufactures wire cable, transformer, switch cabinet, box-substation and cable tray, etc. Baosheng Group, one of Top 520 national key Enterprises in China, National Key Hi-tech Enterprise, Jiangsu Province Key Enterprise Group, one of 100 Giant Enterprise in Mechanical Industry and one of Top 30 Enterprises in Core Competition, has advanced technology center and post-doctoral research workstation and owns the power to import and export commodities and to start foreign economic cooperation. “Baosheng Brand” wires and cables win the title of the “National Inspection-free product” Baosheng Group occupies an area of 1100,000 square maters and has the total capital amounting to RMB 1,600 million. The advanced production and checking equipment is mainly imported from Finlan, Switzerland, the USA, Japan and Italy. Baosheng Group professionally makes and markets over 150 types of wires and cables, and electrical apparatus and has cooperated with Italian Pirelli Company who is the world-class industry to produce medium-,high- and ultrahigh-voltage cross-linked polyethylene insulating cable. Baosheng’s stock A (code:600973)has gone on the market. Baosheng has built a complex marketing network nationwide and the products are used in many national key projects, e.g. maintenance project of tian’anmen square, the “three Gorges” Hydroelectric Station, Jiangyin Changjiang, Bridge, Lukou Airport, Beijing metro, Jingjiu Railway, Lingao Nuclear Power plant, Baoshan Iron and Steel Corporation, etc. and also used in foreign projects in middle East, South America, Africa and Southeast Asia.
Ⅲ.Investment estimate:
Total investment: $ 24 million
Equipment: $ 22 million
Registered capital: $ 10 million
Ⅳ.Cooperation form:
Joint venture, cooperation, shares holding
Ⅴ.Construction period: 1 year
Investment payoff period: 4.5 years
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