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1. Project Content: Cathay company is plan on the basis of existing 22,500 spindles of cotton spinning production line to conduct an expansion and reform by utilizing the existing ground and some public engeering facilities.It is to purchase 3 domestically advanced blow-carding-drawing unit, with 10 cotton opener and 5 combing machine attached to respectively, upgrade 18 draw frames , 16 robbin and fly frames , 120 spinning machines, and introduce 14 automatic spooler , thus making up a whole procedure of 50,000 spindles combed yarn production line.
2. Investment Estimation and Financial Scheme: The total investment is 17.925 million USD, with the investment in fixed assets being 13.765 million USD.
3. Economic and Social Benefits: After built up, the project can produce 6,-768 tons combed yarn of various kinds annually, increase sales income from by 22.6725 million USD. The profit is 2,340,000 USD, and tax revenue is 840,000 USD. The payback period of investment is 5.89 years. At present, the report on the feasibility of this project has been worked out by Hubei Investment Project Consultative Centre.
4. General Information of the Project Unit : Cathay China (Xiangfan ) Co., Ltd. of textile enterprise is a sole foreign-owned enterprise established on the basis of the original Guanhua cotton mill of Laohekou City that was purchased by Hong Kong Cathay China (International ) Industrial Corporation. It has spinning production capacity of 22,500 spindles, more than 150 sets of various cotton spinning equipment. It can produce more than 4,000 tons of various yarn per year, and the quality reaches within less than 50% stipulated in the 2001 Wushite communiqué. The factory covers an area of 70,000 square meters, and the floor area is more than 20,000 square meters. There are more than 470 workers now. The company products are sold all over the provinces in the South and find a good sale in Hong Kong and Southeast Asia.
5. Cooperation Formn: Joint-venture, cooperation, collect funds, etc. all are negotiable.
6. Contact:
Department : Laohekou Municipal Investment Promotion Bureau
Add: No. 85 Beijing road, Laohekou City, Hubei
Postcode 441800
Tel: 0710-8223481
Fax: 0710-8223481
E-mail: lhkzsyz@126.com
Contact Person: Cao Tianfu ( 13707273660) ZhangWei (13986348857 ) ZhangXiaoYong ( 0710- 8883336)
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