LARGE-SIZE BEARING PROJECT
Project cooperative content
¡¡¡¡The annual output
of medium-size bearing and large-size bearing is 1 million sets, thereinto,
spherical roller bearing with OD below 200mm is 690 thousand sets, spherical
roller bearing with OD between 200~ 300mm is 190 thousand sets, spherical
roller bearing with OD between 300~430mm is 20 thousand sets; and the
other bearing of ‘0’ ‘6’ ‘8’ type
with OD between 200~430mm is 100 thousand sets. The quality of large-size
bearing and spherical roller bearing that LYC manufactured will make up
to the international level of similar products, reach the domestic lead
level, and meet demand of the principal machine matching product in stead
of import product in the field of metallurgy, mine, petrochemical industry,
engineering and machine. The total investment of the project fixed assets
is 35 million Yuan, and achieve sales revenue 225 million Yuan.
Project constructive condition
¡¡¡¡The large-size
bearing belongs to preponderant assets of LYC. By the end of 2001, LYC
major capability data of large-size bearing production as follows:
Large-Size Bearing Plant
Annual output 375 thousand sets
Annual production value 55.12 million Yuan
Sales revenue 64.61 million Yuan
Total profit 9.64 million Yuan
Production type 532
Equipment quantity 165 sets
Employee quantity 664
Covering area 7,854M2
Workshop area 5,624M2
Total assets 12.92 million Yuan
Original value of fixed assets 10.10 million Yuan
Net value of fixed assets 2.61 million Yuan
Railway Bearing Manufacturer
Annual output 50.50 thousand sets
Annual production value 9.50 million Yuan
Sales revenue 13.56 million Yuan
Original value of fixed assets 11.65 million Yuan
Net value of fixed assets 1.11 million Yuan
Equipment quantity 36 sets
Market analysis
¡¡¡¡Along with the
development of China’s economy, the industry will develop rapidly
such as metallurgy, petrochemical industry, electric power, railway, and
mine etc, and matching large-size bearing will develop fleetly too. It
is estimated that the total social demand for large-size bearing will
reach to 18 million sets by the year 2005, the annual output will reach
to 4.1 billion Yuan, thereinto the demand of metallurgy and mine bearing
will reach to 8 million sets only. Due to particularity of its service
object, its obvious evolutive tendency is to the side of high precision,
high speed, long life and high reliability. Yet its high tech-content,
high additional value and part depend on import. Especially the quite
a number of bearing that metallurgy and mine equipment matching have depended
on import, the homemade rate is less than 60 percent and substitute rate
is less than 40 percent. Therefore, all domestic major bearing manufacturers
try to product it and compete with each other. During the10th five-year
plan, LYC will recombine the assets and harmonized the resource for a
part of medium-size bearing and large-size bearing, upgrade production
class of large-size bearing in the great extent, improve annual productive
capacity from 900 thousand sets to 1.5 million sets. It will be on a preponderant
status in product quality, performance and manufacturing capacity of LYC
large-size bearing, open up competition with the international advanced
manufacturer in the WTO system.
Project cooperative method
¡¡¡¡LYC prepare to
provide the ground, workshop and water, electricity gas etc. supporting
facilities, and become a shareholder with the reconstructed overall assets,
employee, technique and immaterial assets.
Project financial analysis
¡¡¡¡The project of
technical reconstruction will require total investment of fixed assets
35 million Yuan except a part of inner assets recombine, and require circulating
funds 16.25 million. The total investment is 51.25 million Yuan. It will
increase annual sales revenue 65 million Yuan and profit 4.83 million
Yuan; the forecast investment payback period (deduct the tax) is 9 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
