¡¡¡¡Project
of Special Bearings for Quasi-high-speed Passenger Carriage and Precision
Rolling Mill Content of the Cooperative Project
¡¡¡¡The importment
of main advanced equipments necessary national equipments match with production
line of bearings for quickening and quasi-high-speed passenger carriage
precision mill bearings and bearing component heat treatment suit line.
After all the production lines are finished, it will have the capacity
of 90 thousands sets of bearings (include 80 thousands sets of quickening
and quasi-high-speed passenger carriage bearings and 10 thousands sets
of precision mill bearings).The total investments are RMB 198 millions
yuan of which include the investment RMB 114.5 millions yuan for fixed
assets ,floating funds RMB 54.55 millons and interests RMB 28.95 millions
yuan during the construction period. Analysis of the Bearings Market
¡¡¡¡The train speed
quickened up several times in recent years to meet the transport requirement.
Bearings originally used for general passenger carriages can not satisfy
the needs of quickened trains, because the bearings troubles happened
frequently, and the bearings for quasi- high- speed passenger carriages
are requested in great amounts for the demands of bearings using for speed
quicken-up trains will be over 200,000 sets per year. Now the precision
rolling mills have been imported from German, France, and America, etc.
more than 70 production lines, so the special bearings are to be imported,
and they cost RMB 200 millions per year, it's price is raising greatly
at present. Constructive Conditions of the Project
¡¡¡¡1.Passenger Train
Co. Ltd. subsidiary of Luoyang Bearing Group Corporation Ltd. is registered
and eslablished in Luoyang High and new Technology Development Zone, and
is also high and new technology enterprise of Henan province. The company
has passed ISO9002 certification and the passenger train bearing production
quality system certification by the Railway Ministry of China. It posses
70 millions yuan fixed assets and won AAA class of Chinese Bank credit.
The company, in 2000 year, produced 36590 sets of bearings, it's sales
revenues is RMB 25097674.6 yuan. The profit reaches to RMB 3767788.56
yuan.
¡¡¡¡2.The company's
main leading product of passenger carriage bearing is one of "the
state torch plan projects", and it is new and excellent product of
the state class, it's quality lies in the first place of bearing industry
in China, and it posses 1/3 market of Chinese passenger train bearings.
It is deeply loved by customers and it's supplies can't satisfy the needs.
Sindzimir series rolling mill bearing has awarded high-tech product certification
by the State Economic and Trade Commission, it's feature properties are
superior to the same type of rolling mill bearing from abroad. The company
is the only one factory in producing such product. High-speed precision
rolling bearing has passed the verification appraisal by the Metal Society
of China. It shows China become the third country to manufacture the same
sort of bearing instead of import one. Cooperation Ways of the Project
¡¡¡¡Luoyang Bearing
Group Corporation Ltd. is to supply production site, workshop, water,
power and gas, etc. every necessary facilities. Financial Analysis of the Project
¡¡¡¡After the project
is finished, it will have the sales revenues RMB 360 millions yuan. It
profit is to be RMB 54 millions yuan, and the tax payment is RMB 25.2
millions yuan.
