Project No.19

Project: SMS Fusible Non-woven Fabric Production
Site: Changxing County
Industry : Textile

Descriptions: The total investment of the project is about RMB 50 million, including equipment investment(RMB36 million), and research expenses (RMB 4 million), as well as construction investment RMB 4 million. For the project, a new factory of 1,100 m2 will be built, the major workshops of which workshop adopt a steel-structured and standard design. The circulating fund is RMB 6 million,

Cooperation Form: Joint venture or Cooperative

Requirements: It is hoped that capital funds, technology and equipment comes from the foreign partner.

Incentives: The Chinese counterpart will contribute project censorship, construction site and other related service.

Profile of the Chinese Counterpart: KINGSAFE Group which has a strong economic power, is a company specialized in producing fusible interlining products. By the end of 2002, the total assets of the company have reached RMB 146.9 million with sales income RMB 300.97 million and profits & taxes tax RMB 39.5 million. The company is a leading enterprise in the same business range, and one of the provincial key enterprises. It has also been awarded with several provincial honor ships.

Contact : Yan Huanrong
Phone: 0572-6230375 Fax: 0572-6230999
Address:Changxing development Zone, Huzhou, Zhejiang province 313100

Government Liaison Department:

Investment Promotion Department,
Huzhou Investment Promotion Bureau
Address: 8 Hongfeng Si Road, Huzhou, Zhejiang Province 313000, China
Tel: 0086-572-2037805
Fax: 0086-572-2025678
Website: zsj.huzhou.gov.cn
E-mail: zjs@huzhou.gov

Foreign Investment Department
Huzhou Foreign Trade & Economic Cooperation Bureau
Address: 137 Fenghuang Road, Huzhou, Zhejiang Province 313000
Tel: 0086-572-2100408, 2101415