Project Name
An Annual Output of 100 Thousand Tons of Castings Project
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Development Area
Date
Project Type Greenfield projects investment
Investment Mode not limited
Industry Manufacturing industry, ferrous metal smelting and rolling processing industry
Location Bayingolin Mongol Autonomous Prefecture, Xinjiang Uygur Autonomous Region
Project Advantages Casting is the foundation of machinery manufacturing and its product- casting is the indispensable raw material of heavy machinery, machine tools, automobile castings, municipal construction and civil appliances. Most developed countries around the world have adjusted the direction of such products and gradually move to the capital and technology-intensive industries. Additionally, casting industry cannot afford high cost because environmental protection index in developed countries is quite strict, as a result, a large number of casting enterprises turn to developing countries and corresponding procurement also turn to developing countries, which provides great opportunity for our country to expand our casting industry to foreign market. In Hejing County, resource of iron ore is rich. There are some large iron and steel enterprises like Xinxing Ductile Iron Pipes Xinjiang Co., Ltd. and Xinjiang Kingtec Steel Co., Ltd. There are also some large mine enterprises like Beizhan, Dunde, Hehe and Kaihong. Products introduced to produce mainly include metallurgy castings, automotive castings, forging steel balls and auto parts. The construction of the project not only can meet the need of Hejing market, but also can expand to the whole Xinjiang, even West Asia and South Asia.
Project validity period Two years
Project Investment Attraction Progress in negotiation
Mark key
Project properties permitted
Total amount of project capitals 8000
Total amount of investment to be attracted 8000 Ten thousand U.S. dollars
Expected annual sales revenue Ten thousand U.S. dollars
Expected investment payback period Ten Thousand yuan(RMB)
Expected employment figure
Description of environment protection
Description of investor conditions
Description of project contents Annual Production Capacity of 100 Thousand Tons of Castings Project can be constructed, including factories, comprehensive office building and staff quarters.
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