Line: Metallurgy

Introduction to the project
Description of the project: The location of Benxi Nanfen Red Ore Dressing Plant is in Nanfen District, Benxi City with 20,000 m2 of factory area. There are 105 workers. The annual output of refined iron powder is 30,000 to 50,000 tons per year. The sales income is RMB 10 million.

Market analysis: Present steel market is prosperous and the products are not sufficient for supply.

Project type: Expanding                 Construction period: 2 years            
Rate or return on capital stock: 33%      Static payback period: 3 years
Cooperative ways: Joint venture or cooperative joint venture
Total investment: RMB 50 million
Total investment from the initiator: RMB 30 million   Investment ways: Fund and equipment
Total investment from the investor: RMB 30 million   Investment ways: Fund
Introduction to the initiator
Company name: Benxi Nanfen Red Ore Refined Dressing Plant
Legal person: Li Hongwei              General manager( Director): Li Hongwei
Company Add:Chengjia Village, Xiamatang Town, Nanfen District,Benxi City, Liaoning Prov.       
Postcode: 117015     
Contact person: Li Hongwei            Tel: 0414-3730297       Fax: 0414-3730297                       
Ownership: Private
Registered capital: RMB 530,000        Employees: 105     In which Technicians: 20
Introduction to the products: Refined iron powder, red ore, permanent magnet material and reduction powder
Main equipments: Covered an area of 20,000 m2.
Main financial index:  Sales income: RMB 1.91 million  in 2002;RMB 4.25 million in 2003; RMB 12.74 million in 2004. Profits after tax: RMB -550,000 million in 2002, RMB 610,000 in 2003, RMB 680,000 in 2004.