Investment promotion letter
1. Project Name: Dust Collection Machinery project of Qingdao Doublestar Foundry Machinery Co., Ltd.
2. Situation of China Partner:
Qingdao Doublestar Foundry Machinery Co., Ltd. Is a wholly-owned subsidiary of Doublestar Group. It has developed into a comprehensive machinery enterprise specializing in research & design, manufacturing, installation, commissioning and consulting service. It mainly produces shot blasting machine, Automatic foundry molding machine, Vacuum process molding line and Dust collector. Doublestar is one of the leading enterprises in China foundry machinery industry and owns honor of "Credit AAA Enterprise", "Top 500 Mechanical Enterprises of China". It was established in 1970 which has developed a perfect marketing network and strong brand value.
3. Project content and scale
Main product: Dust collection machinery for Metallurgy industry.
Project Location: Dengjiakou Port Economic Development Zone, Qingdao, China
Production Scale: Produce 120 sets of dust collection machines every year.
Co-operation condition: Doublestar can supply land of 66, 000 square meters and some machines. The partner should rank top level in the foundry machine industry, provide technology and capital. (Two parties can discuss various ways of cooperation)
4. Project construction plan: In the first half of 2014, the project will be started in Dongjiakou Economic Zone, and trial production in the end of 2014.
5. The project's total investment is USD 8 million (incl. Land), incl. Fixed assets of USD 6 million.
6. Market and economic benefit analysis:
China has risen to unprecedented level to emphasis on the ecological environmental protection. China's 12th Five-Year Plan focuses on the projects of energy conservation and emission reduction. There's large potential improving space in the industrial energy conservation and emission reduction. There's a demand of about USD 200 million in current market for bag type dust collecting machinery.
It'll take one year to finish the construction of this project. The sales turnover can reach $20 million annually when reaches full production capacity, and the target profit margin will be 20%, the investment capital will be recovered in 2.5 years.
7. Co-operation method: Joint venture or Co-operation
8. Date: Dec 28th, 2013
9. Contact Information
Add: Qingdao, China
Person: Mr. Kevin