Serial No.:022ª¤

Project No.:E04ª¤

Sector Category:Machineryª¤

WUXI Projects forª¤ International Cooperationª¤ª¤

1.Project title:To introduce more than 120 air-jet loomsª¤

2.Chinese Partner:Wuxi No. 2 Silk Millª¤

3.Description:To introduce 120 air-jet looms and its mating equipmentª¤

4.Cooperation form:joint ventureª¤

5.Annual output and main products:annual production of 7.65 million meters of high-grade textileª¤

6.Market analysis and forecast:High-grade textile are largely imported. This project will help substitute the imports, hence its promising market prospects are promising.

7.Total amount of capital expected:8.5 million USDª¤

8.Contribution proposal: Chinese partner:2 million USDª¤Foreign partner:6.5 million USDª¤

9.Expected investment form of foreign partner: Capital,Technologyª¤

10.Investment form of Chinese partner: Land,plant,Equipment,Technologyª¤

11.Main equipment and technology to be imported:120 air-jet looms, 1 warping machine, 2 sizing machines, 1 warp rebeaming machine, 3 compressorsª¤

12.Export ratio expected by Chinese partner:30%ª¤

13.Construction period:1 yrª¤

14.Return period of the investment:5 yrsª¤

15.Reference documents: Existing infrastructureª¤

16.Present status of the Chinese partner:ª¤

A.Name of Chinese partner:Wuxi No. 2 Silk Millª¤

B.Form of ownership: state-ownedª¤

C.Number of employees:800ª¤

D.Main product and annual output capacity:10 million meters of various true silk, chemical fiber silkª¤

E.Total assets and fixed assets:80 million yuan and 63 million yuanª¤

F.Existing production facilities:main equipment 96 air-jet looms and 40 rapier looms

G.Sales income of the previous year:80 million yuanª¤

H.Export ratio: 40%ª¤

I.Marketing network and distribution channels:4 sites of Wujiang, Shengze, Shaoxing and Keqiaoª¤

J.Current market coverage or key clients:USA and Canada, western Europe, Japan and Wujiang, Keqiao domestically,ª¤

K.Address:364 Nanchangjie, Wuxiª¤

L.Post code:214021ª¤

M.Person to contact:Pu Jiabaoª¤

N.Tel:5733754ª¤

O.Fax:5754170ª¤ª¤