1. Content and Scale
(1) Content: power-controlled hydraulic automatic transmission box, with the mode of front-fixing, transverse-placing and front-driving, should be able to be used in cars and light coaches whose engine has the displacement of 1.5--2.0L.
(2) Designed scale: 50,000 tons per year.
2. Market Analysis
Till now, there are no automatic transmission box manufacturers in China. Most vehicles still use manual-operating mechanical transmission box. The small numbers of automatic transmission boxes used in automatic speed-shifting vehicles are imported. Thanks to its easy operation, the vehicle equipped with automatic transmission box is greatly favored by non-professional drivers. As family cars are becoming more and more popular in China, the market of automatic transmission boxes will grow at an even higher speed. Statistics show that in 1998, in the Chinese car market, taxies constitute 34.7%, private cars 30.2% (with the yearly increase of 25%), business cars 18% and government cars 17.1%. It is estimated that the demand for car will be 750,000—820,000 in 2000 and 1.28—1.39 million in 2005. Since all cars and most light coaches in China have the engine whose displacement is between 1.4—2.0L, they can all be equipped with automatic transmission box. Supposing 30% of private cars and 50% of business and government cars use automatic transmission box, the demand for transmission box will reach 200,000—220,000 in 2000 and 340,000—370,000 in 2005.
3. Technological and Equipment Planning
The technology of this project is introduced and some key equipment is imported. The introduced products and technology should be able to meet the customers’ demand for easy operation, smooth driving and economic consumption.
Advanced equipment and high technology will be adopted at the processing centers and NC lathes. 65% of the machine tools will be numerically controlled. Horizontal processing centers, three-coordinated measuring machines, high-precision drill head grindings, high-precision universal tool grindings and automatic transmission box testing rigs should be used to ensure the quality of the product.
4. Investment Estimation
Total investment: 195.566 million yuan, among which the total construction investment is 165.391 million yuan (including the interest in the construction period: 2.111 million yuan) and the floating assets at the earlier stage are 30.175 million yuan.
5. Economic Benefit
According to the feasibility study report, the newly increased sales income of this project is 700 million yuan, annual sales taxes are 30.17 million yuan and the annual profit is 71.51 million yuan. The financial internal rate of return is 27.78%, profit and tax rate is 38.23% and the profit rate of the investment is 26.89%. The maturity period of the loan is 4.1 years and the payoff period is 5.55 years.
6. Mode of Cooperation
The foreign party can invest technology, equipment as well as capital. The form of sole proprietorship is also acceptable.
7. Brief Introduction of the Undertaking Unit
Anhui Automobile Component Limited Company, a state owned shareholding company, has the registered capital of 1.68 billion yuan. Its annual production capacity is 50,000 cars and 300,000 engines with the displacement of 1.6 or 1.4L.
8.Contact
Name of the enterprise: Anhui Automobile Component Limited Company
Address: 8 Changchun Road, Economical and Technological Development Area,
Wuhu City, Anhui Province
Contact: Zhou Biren
Tel: 0553-5841557; 0553-5845805
Fax: 0553-5843838
E-mail: cacco@mail.cac-motor.com.cn
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