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1. Background of the Project: Hubei Huaguang New Material Co. Ltd., is one of state key high-tech enterprises, the largest optical eyeglasses semi-finished product production base and the second largest optical materials manufacturer and a special-purpose optical material production base. It has passed ISO 9002 quality system accreditation, and is entiled to independent import and export trade with financial credit status graded at AAA. The company has a total asset of USD 70 million, workers and staff members of 2630, including technicians of 658.
2. Market analysis: Its products comes in optical glass, nucleated glass, crystal glass, infrared materials and optical fiber materials, covering 30 % of domestic market, as well as in glass lens, including optical, light-sensitive and super thin series, covering 60 % of domestic market. They are sold in over 20 countries and regions. It is strong in technical development. Its special-purpose optical glasses have filled six gaps in scientific and technological fields.
3. Content of the Project: Magnetic disk nucleated glass base plate is a new kind of material mainly used for base disk of computer hard disk. Compared with aluminum base plate, this nucleated glass base plate has better properties, such as good resistance to shock and deformation, smooth surface, high mechanical strength. Moreover, it does not absorb moisture and it is not easy to be scratched. The storage capacity of a piece of 2.5″glass base disk can be up to 6 GB. Production of glass base plate is still a gap in our country. The company began to develop magnetic disk nucleated glass base plate at the beginning of 1996. This product was tested and appraised in March 1999 (given a title of state-level new product). Members of the appraisal committee unanimously agreed that the product is the first one of this kind in China, and that its main properties have come up to the advanced world level of this kind. The enterprise is making great effort to do optical processing development, realizing industrialization of the product as quick as possible and filling the gaps in domestic nucleated glass base plate field. Now, it has an annual production capacity of the semi-finished products of glass base plates of 30 million pieces. After its completion, the annual machining capacity will reach 10 million pieces. The construction period of this project will be 2 years. It calls for funds of USD 5.5 million .
4. Estimated total Investment: USD 16.38 million
5. Economic Benefit Analysis: The demand for magnetic disk nucleated glass base plate in the market both at home and abroad in the year 2000 was 221.37 million pieces. It is expected that after the project reaches the designed production capacity, it will yield an annual sales income of USD 15.9 million, including a total cost of USD 9.56 million, tax of USD 1.7 million and profit payment of USD 4.65 million, with the investment recovery period (including construction period) of 5.11 years.
6. Cooperation Form: Equity joint venture; Investment ratio: Chinese partner: 51 %, foreign partner: 49 %
7. Progress of the Project: The feasibility study report on the project has been approved by the State Development and Planning Committee, and USD 8.31 million has been invested in it, making up 51.2 % of the total investment.
8. Contact:
ADD: No.129 North Changhong Road, Xiangfan City
Contact Person: Zhan Zusheng
TEL. 13907279518
E-mail: hg5108@5108.com
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