RAILWAY LORRY BEARING PROJECT
Project Content
¡¡¡¡Make adjustment
and reconstruction to former railway lorry-bearing production line, add
partial key facility, make up the defect of capacity, annually reduce
40 thousand sets normal-speed railway lorry bearing and increase 40 thousand
sets quasi-high speed railway lorry bearing, increase 60 thousand sets
export railway lorry bearing component. Total investment is 48 million
Yuan, of which investment of fixed assets, is 28.68 million Yuan, investment
of circulating capital 18 million Yuan; the interest is 1.32 million Yuan
during the technical reconstruction period.
Market analysis
¡¡¡¡According to
the development layout of China Railway, on the one hand to increase the
route and equipment, on the other hand to improve railway operating-speed
in order to make up the deficiency of railway transportation-capability.
So it is estimated that the quantity demanded of quasi-high speed railway
lorry bearing will be increased distinctly in recent years; At the same
time, along with the China’s entry to WTO, China’s partial
bearing product will be appreciated by international market with its high
quality and reasonable price, it is a clear proof that American certain
company is urgent need of railway lorry bearing component produced by
LYC.At the present time in China, there are only few factory that produce
railway bearing authorized by ministry of railways, the superiority of
LYC is comparatively obvious.
Project condition
¡¡¡¡The former LYC
railway lorry-bearing production line was established at the end of 1970s,
the main facilities were imported from Japan, these facilities are well
produced and advanced-technics, the production quality is higher and steady,
and there are relatively stable client group. In 2001 the bearing output
is 138,500 sets in all (include “3” type bearing 50,507 sets),
the production value is 102.98 million Yuan, the sales revenue is 115.09million
Yuan, the profit is 21.56 million Yuan, the main technical facility is
125 sets, and total assets is 38.88 million Yuan.
Project cooperative method
¡¡¡¡LYC prepare to
provide the ground, workshop and water, electricity, gas etc.supporting
facilities, and become shareholder with the existing equipment, personnel,
technology and intangible assets.
Project financial analysis
¡¡¡¡After the project
complete and achieve the preconcerted production value, it is estimated
to add the sales revenue 64.80 million Yuan, pay the value added tax 5.83
million Yuan, sales tax 525 thousand Yuan, profit total amount 15.67million
Yuan, make profit in foreign currency 8.10 million USD, profit rate of
investment is 32.66 percent, the payback period of investment is 3.65
years.
Unit: Collecting funds cooperation office of Luoyang
Bearing Group Corporation Ltd.
Add: 96, Jianshe Road, Luoyang, Henan, China.
P. C. : 471039
Tel: (86 379)4985666 4985742
Fax: (86 379)4985666
Http://www. lyc. com. cn
E-mail: lycrzb@yahoo. com. cn
