Project name

Aniline

Cooperation form

Equity JV, contractual JV, solely foreign-owned

Project description

Production scheme
Construction plan
Market analysis
Operation scale
Sales forecast

   Project scale: 300,000 t/a aniline.
    Aniline is an important organic chemical and chemical product, from which more than 300 chemicals or intermediates are derived and widely used production of dyestuff, pharmaceuticals, pesticides, dynamites and perfumes. According to predictions by overseas authoritative organizations, Asian countries will see the fastest growth in aniline consumption in the next few years and the demand is to increase at a rate by far above the average rate in the rest of the world. The 160,000t/a MDI project of Yantai Wanhua is now being built in Daxie Development and is expected to be put into operation in end 2005. This will be followed the second and third phases of MDI, and in time the total demand will come to 300,000 ton a year. The nearby aniline plant may benefit from this immediate market. Besides, the consumption of aniline by the MDI sector look up. The project will be a matching supplier of Yantai Wanhua and may be launched in the form of solely foreign-owned venture, equity joint venture or contractual joint venture.
    Annual sales income is forecasted at RMB 1.6 million and annual profit at RMB240 million.

Equipment import & material supply

   To be discussed.

Investment estimate & cost efficiency

Total investment

USD160 million

Registered capital

USD53.4 million

Annual sales

RMB1.6 billion

Anticipated means of investment from foreign partner

Annual profit

RMB240 million

Foreign exchange

Technology

Equipment

Brand name

Others

Internal return rate

19.42%

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Payback period

3.6 yrs

Basic facts of Chinese partner (ownership, total and fixed assets, current products and sales, current equipment and technology, support facility, etc.)

   Yantai Wanhua PU Co., Ltd. is a listed company mainly engaged in the research, development and production of isocyanate and its derivatives. It is the only domestic producer of MDI. Incorporated in 1998, the company has fixed assets of RMB 450 million and registered capital of RMB 384 million. In view of the advantages of Daxie Development Zone in location, port facility and investment environment, Yantai Wanhua has launched it MDI project in the Zone, which is expected to be completed by end 2005.

Project location & geographic advantage

   Daxie Development Zone is situated in the middle of China's coastline, on the southern flank of the Yangtze Delta, 40 km of Ningbo city proper. The Zone covers an area of 36 sq. km and has coastline of 26.14km, capable of accommodating the needs of major petrochemical, energy and logistics enterprises. Land transportation wise, it is linked to the national highway and railway network via the State Coastal Expressway and Xiaoshan-Ningbo Railway. The Zone is also adjacent to Beilun Port, a major international port. A number of chemical jetties and general-purpose jetties have already been built here.

Project status quo

  At marketing stage

Project data available

Investment promotion material

Organization to contact

Economic Development Bureau of Daxie Development Zone

Person to contact

Yan Pingbo

Address

Daxie Development Zone, Ningbo

Postcode

315812

Telephone

0086-574-87768969

Fax

0086-574-86768433

E-mail

yanpb@citic-daxie.com 

Website

www.citic-daxie.com