| Cerca Collaborazione:Introducing Air-jet Loom to Produce High-grade Household Textiles |
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| 2005-11-29 17:44 Chinese Embassy |
Ⅰ.Project description:
With the improvement of the living standard, the high-grade household textiles will have a vast market. It’s forcast that household textiles will be one of the most perspective industries in the textile industry in our country in the following 10 years. It’s planned to import advanced air-jet looms and needed equipment and build 14,200 m2 factory buildings to produce 11.24 million meter high-grade jacquard materials. The investment in fixed assets is $ 12.8 million, including foreign exchange of $ 9.49 million, and the floating capital is $2.8 million. After its implementation the annual turnover will be $ 25.8 million and the profit will be $ 3.26 million.
Ⅱ.Brief introduction of the undertaking:
Jiangsu Yinbao Group Co., Ltd is a large cross-area and cross-industry enterprise, which integrates cotton, planting, purchasing, processing, spinning, weaving and clothing. This company has the assets as much as 250 million yuan and 2800 staff members and covers an area of 205,000 m2. The company owns 2 ginning production lines, 90,000 spindles and 1,226 sets of shuttle looms. The annual production capacity of the company is 40 million meter cloth, 100,000 suits of Chinese Women’s dress and 2,000 special vehicles. The company has won many honorary titles.
Ⅲ.Investment estimate and benefit analysis:
Total investment: $ 15.6 million
Registered capital: $ 6.6 million
Ⅳ.Cooperation form:
Joint venture
Ⅴ. Construction period: 1 year
Investment payoff period: 4.8 years
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