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1. Project Background: The Xiangfan Edible Oil factory covers an area of 47 mu, and was built and put into production in 1988. Now it has now one production line capable of producing 25 ton sesame oil per day, and one capable of producing 30 tons vegetable oil per day introduced from Japan. It is one of three sesame oil production lines introduced at home at present. " XiangXian " and " Jiuxiangyuan " sesame oil pass ISO9002 quality system certification and are recognized as green food by national green food development centre. It is the only enterprise which passes two certifications in the city. The products sell well in large and medium cities such as Beijing , Shanghai , Changsha, Chengdu, Nanjing, Wuhan, Guangzhou , Hong Kong ,etc. and export to Japan , South Korea , Spain , U.S.A. and other countries.
2. Market Analysis: Xiangfan Edible Oil Factory began its bankrupt reform in 2005, and the reform is now finished. The land and assets are purchased by Xiangfan Municipal Land Preservation Center at USD 787,500. To support the development of economy of Xiangfan, the municipal government decided to sell the land at a price 28.5 percent less than the purchased by city land reservation centre (562,500 dollars, less than RMB100, 000 yuan per mu). After purchasing the factory's sesame oil production line can return to normal production after a slight transformation. Sesame oil is mainly sold to the domestic and international markets; when purchased an amount of 0.875 to USD 1 million can be invested to add on its original base a production capacity of 400 ton vegetable seed pre-press per day, 300 ton cake dregs of rice infusion per day, and 150 ton oil refining per day. Annual output of Vegetable oil can be up to 33,000 tons, and annual profits tax can be up to USD 1.875 illion.
3. Investment Estimation : After purchasing and investing 0.875 to 1 million dollars, it can add on its original base a production capacity of 400 ton vegetable seed pre-press per day, 300 ton per day of cake dregs of rice infusion, 150 ton oil refining per day. Annual output of vegetable oil can be up to 33,000 tons.
4. Economic and Social Benefits: This project can activate the existing stock assets of USD 31.25 million, and increase production value USD 125 million, achieve the profit and tax USD 18.75 million, and offer 1000 jobs opportunities for employment. And after the reform of the grain processing enterprise of Xiangfan, a large number of skilled workers who once worked in the above mentioned enterprises can be reemployed by way of competition.
5. Cooperation Form: Shareholding distribution with cash or buy out
6. Current Status : Application and formalities for the reproduction after the reform of Xiangfan Edible Oil factory have basically completed. Once the fund is invested, it can start to produce and make profits.
7. Contact: Add: No. 6 Huianxiang Lane, Jing Zhou Street, Xiangcheng District, Xiangfan City, Hubei Province, China
Postcode: 441021
Tel: 0710- 3517247
Fax: 0710- 3512123
Contact Person: Hu Xinqiang
Tel: 0710- 3522007
Mobile: 13947622955
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