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Basalt Ultrafine Fiber (Scale) Multi-Field Comprehensive Development and Utilization Project of Tonghua City
2016/03/24     Source:

 

1. Introduction to the Project

1.1 Project Background

1.1.1 Product Introduction

Main ingredients of basalt are silicone dioxide, aluminum oxide, iron oxide, calcium oxide, magnesium oxide (also a small amount of potassium oxide and sodium oxide ), among which silicone dioxide occupies the highest proportion as about 45%-50%. Black or dark green is common color. Volume density is 2.8-3.3g/cm3.

Continuous Basalt Fiber(short for CBF)is mainly based on natural lava which is put into melting furnace after being smashed, and made into continuous fiber by platinum rhodium wire-drawing bushing after being melted under 14501500 . Compared with carbon fiber, aramid fiber, UHMWPE and other high-tech fibers, CBF has many unique advantages such as good mechanical property and high-temperature property, able to continuously work under 269650 , acid and alkali resistant, with strong anti-ultraviolet and low hydroscopicity as well as good insulativity, high-temperature filtration, radio-resistance and wave permeability, etc. CBF as reinforcement can be manufactured into various excellent-property composites which can be broadly applied in firefighting environmental protection, aerospace, chemical industry, wind power, war industry, automobile and ship manufacture, engineering plastic, and construction. In war and civil areas, CBF is honored as the new material of 21st century.

1.1.2 Market Overview

CBF is a basic raw material to produce various materials and downstream products by combining well with other materials or fibers to form different composites. What calls for special attention is that CBF composite versus carbon fiber, the former can enhance cement, asphalt and concrete and other construction structure. While sharing the same high properties with carbon fiber, CBF composite wins in lower cost which can help to open a wide application market in many fields. Under high-temperature, CBF acts with high stability, acid and alkali resistance. Features owned by CBF itself earn itself extensive application value in building area: strengthening materials (concrete and asphalt concrete), corrosion-resistance (chemical equipment frame), stronger than alloy, non-flammable and fire-resistant composite fire-retardant structure (nuclear and thermal generators, oil processing plant, chemical plant and firewall), high buildings and other industrial objects, chemical-resistant and durable coating, filter(filtration industry) and drainage ditch for daily use, filter for industrial smoke and dust exhaust), and automobile industry material.

1.1.2.1 Green building material area:

(1) Basalt fiber composite rebar

Basalt fiber composite rebar is a new building materials made adopting high-intensity basalt fiber and vilynite by pultrusion, winding, surface coating and composite molding in continuous production. It features high intensity, excellent acid and alkani resistance, durability and designability, replace in some aspect of civil engineering rebar as a new, green, economical and high-property materials.

Application areas: layout of mesh in road(bridge)pavement layer, anchor stocks and special places(seismic station, etc).

Advantages: high tensile strength, 3 times as that of common rebar of the same specification; excellent corrosion-resistance (unparalleled by any other fiber product); low intensity, only 1/4 as that of common rebar; similar coefficient of thermal expansion to that of concrete to avoid big temperature stress between them; good wave permeability, no shielding; non-conducting, athermic; prefabrication into standard crook or other shapes.

(2) Basalt chopped fiber

Basalt chopped fiber for cement concrete and mortar: imitation steel fiber strengthening material specialled developed to serve cement concrete/mortar. As secondary rebar material, it can remarablely improve the toughness, bending tensile property and anti-permeability property of concrete.

Application areas: road, bridge, tunnel, and wharf; water-resource and hydraulic power engineering; basement floor, flank, transfer girder, ultra-large concrete column and other large volume concrete structures of tall buildings; concrete septic tank, basement engineering, roof, water reservoir, park, parking apron, garage floor, national defense facilities, and etc; thin-wall structure engineering, maintenance and reinforcement engineering, geotechnical engineering, protective engineering and other civil engineering. Replacing steel fiber, polypropylene, polyacrylonitrile and etc with good property and economical efficiency.

Advantages: improving crack-resistance, anti-permeability and durability of cement concrete/mortar; improving productive and economical efficiency.

Basalt fiber for asphalt road: product made from CBF precursor by expansion and chopping. Basalt fiber can increase the depth of asphalt, sharply improving low-temperature crack-resistance and durability of the road, while enhancing the high-temperature anti-rut deformation, restraining oxidation and aging, promoting the adhesion between asphalt and aggregate so as to significantly extend the life of asphalt concrete by restraining water destroy on the road.

Application areas: basalt chopped fiber is applicable to dense grade asphalt concrete (AC), stone matrix asphalt (SMA), open-graded friction course, fiber seal and other asphalt concrete road.

Advantages: improving asphalt service efficiency, reducing bleeding; increasing dynamic stability, enhancing high-temperature anti-rut by 30%; reducing temperature shrinkage crack, enhancing low-temperature crack-resistance by 30%; advancing water-resistance; prolonging road service lift by improving endurance resistance by 2 times.

(3) Basalt geogrid

Basalt fiber geogrid is based on acid and alkali resistance basalt fiber raw materials which are fabricated in grille cloth and shape up after drying. Basalt fiber geogrid is equipped with excellent water permeability, filterability, endurance and weather ability.

Application areas: chopped basalt fiber can be employed in concrete structures of road and bridge, airport runway, dam by replacing steel fiber, polypropylene, polyacrylonitrile and etc with sound property and economical efficiency.

Advantages: basalt fiber geogrid primarily plays its role in improving the endurance resistance crack of cement mortar or concrete, high-temperature rut resistance, low-temperature shrinkage crack, delaying reflection crack and etc, thus it is widely used in high-level road, bridge, municipal road, airport road and other roads with high requirements. Currently, geogrid materials are such two types as glass fiber and plastic while basalt fiber with high tensile strength, good compatibility with asphalt mixture, is able to defense bioerosion and weather change. High-temperature resistant basalt fiber geogrid is distinctly advantageous over others due to the high blending temperature 190 for asphalt mixture.

(4) Basalt fiber one-way cloth

Basalt fiber one-way cloth is a kind of textile sheet processed with high-property basalt fiber with tensile strength more than 2100MPa, elastic modulus up to 105GPa, elongation 2.6%. It is formed by coating uniformly size suitable to phenolic aldehyde and epoxy resin on monofil, meeting the requirements of polyester, epoxy, phenolic aldehyde, nylon and other resin. There are in size coupling reagent matching to resins, fully realizing the strengthening function by basalt fiber one-way cloth.

Application areas: reinforcement and maintenance of construction and bridge structure; radar radome, engine part, radar antenna; tank and armored car body, wheel hub, torsion bar and casing pipe; aquaplane, alpine ski, and surf board, etc.

Advantages: basalt fiber one-way cloth is particularly fit for reinforcement and maintenance of bridge structures by replacing carbon fiber one as its comprehensive property and cost performance are more outstanding than those of carbon fiber. In building reinforcement, basalt fiber one-way cloth is employed to anti-seismic reinforcement of columns, performing as close as to carbon fiber, or even better in some indexes.

(5) Basalt fiber protective rope

Ropes gained from twisting knitting of basalt fiber or untwisting plaiting plus sleeve. The rope is flexible with high tensile strength, acid-base resistance and weather ability, good thermal expansion property and light weight.

Application areas: it can be used in flexible protective rope for high-level roads by replacing existing W-beam guardrail, cement concrete guardrail and steel strand one.

Advantages: basalt fiber guardrail can effective buffer car collision by absorbing and delivering integrally collision energy to prevent vehicles dashing out of the road, consequently reducing vehicle damage and person injury. Therefore basalt fiber guardrail is facing a vast application prospect.

(6) Basalt fiber high-temperature filter bag

Basalt fiber high-temperature filter bag adopts high tensile strength basalt fiber which is high-temperature resistant, acid and alkali resistant, oxidation resistant, hydrophobe and size-stable, able to meet hostile dedusting operation environment so as to i

Application areas: basalt fiber high-temperature filter bag is broadly used in many areas, mainly as bag filter in the dedusting or product-collecting of steel, chemical, cement, carbon black food industries and so on. Bag filter (bad dedusting technology) is a high-efficient dedusting equipment in controlling air pollution, in which its biggest advantage is that the dedusting efficiency is as high as 99.99%, and dust exhausting concentration up to below 10mg/ m3 or even 2mg/ m3, performing the best in dedusting compared with other equipment. Under the conditions of sustainable development strategy implementation, strengthening of environmental protection and increasingly strict emission standard, bag filter technology will seem to be the most reasonable and best choice.

Advantages: good heat-resistance, able to work below 300 in a long-term basis (long-term working temperature for glass fiber high-temperature bag filter is 260, 240 for P84 one, and 200 for aramid fiber one); good dust-strippability, stale in media except for hydrofluoric acid, high concentration of strong acid and alkali; non-absorbent and non-hydroscopic(with hydroscopicity only 1/8 of glass fiber; filtration efficient up to 99.5%; long service life.

(7) Basalt fiber roving

Basalt fiber roving is a bunch incorporating multi-strand or single-strand parallel precursor untwisting.

7-13μm roving’s tensile strength is ≥0.65N/tex, elastic modulus ≥95Gpa, breakage elongation ≥2.6%. While competing with PPTA, UHMWPE and other high-tech fibers in high strength, modulus and impact properties, basalt fiber also enjoys excellent high-temperature and light resistance, high interfacial bonding strength with resins in particular, so it can be used in weaving, winding and knitting composite prefabricates.

Application areas: one-way cloth of different specifications for weaving buildings; winding pipe, tank and gas cylinder, etc; knitting woven roving, gridding cloth and geotechnical cloth, etc; high-temperature resistant SMC( sheet molding compound)BMC(sheet molding compound), DMC(dough molding compound) for building maintenance and reinforcement and road-use chopped fiber; compound with resin as strengthening materials, etc.

(8) Basalt fiber cloth

Basalt fiber cloth is made through knitting with monofilament size 7-13μm, classified into materia, satin, plain cloth and woven roving. Basal fiber cloth is featured as being non-flammable, non-smoke inflaming-retarding, high-temperature-resistant, no poisonous gas exhaust, adiabatic, no fusing or dripping, high intensity and no heat-shrinkage, etc.

Application areas: protective article, fire-proof cloth enclosure for on-field electrical welding and gas cutting in shipbuilding, large steel structure and power maintenance; ventilation and fire-proof article, fire-fighting helmet and camail fabric in textile, chemical, metallurgy, theater, and war industries, etc; vast application in composites.

(9) Fire-proof decorative sheet

External wall insulation board was originated in Europe, gradually entering construction area from the 1980s in China. There is a wide range of decorative sheet for external wall, roughly divided into organic and inorganic sheet with fire rating from A to C. With fires in domestic cities, public security fire department has formally required insulating materials for external wall, especially for residential house, shall be rating A. Under the premise of advocating green environmental-protection materials, basalt decorative sheet developed by us conforms to fire rating A2, with good sound isolating and absorbing property and insulating property plus high strength and low weight, which earns the material a promising future as 2trillion amount of market. Basalt decorative sheet features: innovative product in technology which can reach fire rating A2 (predicted) as required by fire-fighting department for insulating materials for external wall; low weight but high strength, with compressive and tensile strength higher than common fire-proof insulating materials; good insulating, and sound isolating and absorbing property; with unique 3-dimentional hollow structure to avoid hot-cold bridge phenomenon lodging in common materials, hollow layer with good sound-absorbing function, surface also being sound-isolating; good moisture resistance shown by non-absorbent basalt fiber, in which way expansion phenomenon as reflected in rock well can be avoided to keep building dry.

1.1.2.2 Automobile filed:

Basalt continuous fiber reinforced polymer (FRP) can be used for sedan shell, body, baseplate, bumper, door, silencer, and brake pad, etc. Compared to glass fiber, basalt fiber is 30~50% higher in tensile strength and modulus which help it become more of a contender in the market. For instance, basalt will substitute asbestos in brake pad, while also being an ideal material for silencer insulation and sound-isolation.

It is predicated that in the 5-10 years to come the polymer in automobile industry will experience a considerable development. The polymer with eminent physical properties, is revolutionarily employed in automobile industry to realize automobile light weight and improve energy efficiency. 20% of composite serves in automobile field, whose service is predicated to continuously increase at an annual rate of 10% to 2015 or even longer time to come. The polymer’s first major application in this field is in structural parts which generally occupy 20%-25% the weight of automobile and which will reduce 40%-50% in its total weight if the steel materials can be replaced by the polymer.(according to investigation statistics from JEC). Its second application is in semi structural parts like seat and body panel, etc which occupy 20%-25% the weight of automobile, and another roughly 30% weight can be reduced if the traditional materials in these parts can be substituted by the polymer. As a result, as to automobile manufacturers even including Owens Corning, there is a great opportunity hidden in automobile industry.

(1) Friction material

It is widely used as a braking composite in the brake, clutch and friction gearing in transportation facilities (e.g. automobile, train, airplane, naval vessel and etc),and machines; modern automobile friction material possesses the main function as friction while combing structural property requirement. Friction materials in automobile are chiefly brake lining and clutch disc which are safety components as well as quick-wear parts, playing an especially important role and occupying big market capacity in automobile materials. Basalt fiber can be engaged in developing heave-loading brake pad to serve in truck and high-speed train braking. Asbestos

From the technical process development of brake pad in the world right now, the most successful research and application of semi-metallic formula should be in North America; research and application of less-metallic formula in Europe; and those of NAO (non-asbestos organic) formula in Japan.

However, a general view at the brake pad product development in the world would help us discover that even each formula system has its own application market, less-metallic and NAO ones have leading the friction material development trend with NAO friction materials occupying 60% in North American market; though less-metallic materials still act as the principle part in European market, there are considerable main engine and after-sale market in certain demand of NAO materials.

At present, asbestos brake pad holds a substantial ratio in some area, especially in heavy vehicle brake pad market. Main substitutes for asbestos are steel fiber, mineral fiber, glass fiber, aramid fiber and carbon fiber, with non-asbestos mineral fiber total consumption of over ten thousands, each with its own advantages and disadvantages.

For example, steel fiber is high in strength and thermostability but large in density, with rust tendency and causing pairing damage; glass fiber is high in strength, low in cost, but unstable in friction property under high temperature, low in strength and thermostability of low-wear-resistant mineral fiber; aramid fiber is high in strength and thermostability, non-damage to pairing, low in wear and stable in friction factor, but high in price, non-uniform in mixing, in need of other fibers; carbon fiber also has the problem of high cost. Chery and Great Wall were both stroke in Austria due to asbestos, sounding the alarm to asbestos automobile parte.

It is specified in compulsory national standard GB 12676-1999 that:”Brake lining shall be free from asbestos” The production of asbestos friction materials will be comprehensively forbidden in 2013, but it is still primarily used in brake pad. Basalt fiber with features of stable friction factor under high temperature, small heat fading and low braking noise, etc, is fit for acting as the main strengthening materials of friction materials, which provides probability to replace asbestos.

(2) Achieving light weight of transportation facilities

Light weight of automobile is the key technology to fulfill the industrialization of new-energy automobiles. Battery of electric car will add more weight to the car. The batter weight and weight of other components form an opposite technological contradiction, which needs weigh-lose from other aspect or electric cars are difficult to realize marketization. Domestic demonstration electric car is with a weight gain of 300Kg, far from that of international slight weight gain. Electric light weight cars are facing a great cost pressure due to expensive batter, motor and electronic control systems.

It is still difficult to promote electrical car due to its battery life and charging set problems, but light weight has drawn the attention from international automobile manufacturers by using new materials on many hot-selling cars to reduce total weight. For instance, Nissan Teana, Volkswagen CC, Skoda Superb, Audi Q5 in 2008, Volkswagen Polo in 2009, BMW 1-Series and Ford Focus in 2011, etc adopted  in varying degrees high-strength materials to reduce weight, most of which have passed Euro NCAP Five Star Crash Test. It is roughly estimated that in weight-loss vehicle models made mainly from steel by mixing with other materials, 33% soft steel, 33% high-strength steel, 20% ultra-high-strength, 5.5% wrought aluminum, and only 0.9% of plastic and other materials constitute the materials for body-in-white with an average RMB 500,000 for the listed models; in weight-loss vehicle models made mainly from aluminum or plastic mixing with other materials, 9%(high-strength and ultra-high-strength)steel,  60% wrought aluminum, 14% casting aluminum, and 13% of plastic and other materials constitute the materials for body-in-white with average RMB 2million for the listed models. Currently, weight-loss of body-in-white is the major direction to achieve light weight, which is chiefly achieved by using high-strength and advanced high-strength steel to substitute traditional soft steel as non-metal materials is not quite an excitement to dealers. High-strength steel has been employed in cheap car models abroad; primary structural materials in expensive sport cars are aluminum alloy whereas plastic composite are rarely used, and fiber materials are only a concept.

It can be foreseen that high-strength steel still plays the main role in reducing the weight of body-in-white, aluminum focusing on function performance (e.g. engine), plastic is barely to the leading player, only used in baseplate, structural components and internal and external decoration.

1.1.2.3 Chemical industry:

(1) Winding pipe

According to as specified in the standard 15HR-1995”Specification of High Pressure Fiberglass Line Pipe” by American Petroleum Institute that pipes with working pressure more than 6.8Mpa are high-pressure pipes, high-pressure glass-reinforced plastic pipes are principally used in petroleum, chemical, shipping, water treatment, oil transportation, water, chemical liquid and gas media.

In oil production, high-pressure pipes on surface layer with the max pressure at about 17Mpa are called high-pressure line pipe, e.g. delivery pressure from water-injection plant to water distribution station being 15-17Mpa. High-pressure pipes deep into several thousand meters of wells are called downhole high-pressure pipe such as oil-drawing pipe and water-filling pipe with working pressure over 24Mpa.

Fiber winding fixed-length method is the main process for high-pressure glass-reinforced plastic pipes.

Application areas: long-distance delivery pipelines for saline and freshwater; delivery pipelines for sewage treatment; oceanic and shipping system pipelines; delivery pipes for crude oil and natural gas; processing pipeline for petrochemical industry; sea water desalination devices.

(2) RTP pipe

Oil and gas delivery has long relied on steel pipes which is high-strength to be fit for high-pressure, but is with the such disadvantages as heavy weight, shortness of signle pipe, non-coilable, oxidable, costly delivery, low-efficient installation, short life and complicated construct, etc. Just the reverse, plastic pipes is corrosion-resistant, single-pipe long and coilable, low delivery cost and easy to construct, but only suited to middle-low pressure range due to its low strength. To overcome plastic and steel pipe shortcomings, composite pipes of different structures are born. There have been new designs and patents emerged concerning strengthening thermo-plastic plastic pipes home and abroad over the years, but only a few of them keep a foothold on the market as there are many technological problems to be settled to fulfill complementarities in the real sense, thus strengthening thermo-plastic plastic pipes have become a hot area in the market.

As far as existing RTP strengthening layer abroad, aramid fiber (band) winding and steel wire fiber (band) are common in high-pressure pipe area, with pipe size basically between 60-150mm, while polyester fiber works in low-pressure areas. Organic fiber application to thermo-plastic pipes is owned to their flexibility, being coilable, easy transportation and installation, but subjected to its low strength as the bottle neck. Aramid fiber employment in RTP can effectively avoid the low strength shortcoming, but its high price limits its mid-low market quota, only remaining in high-end market. Steel wire (band) in RTP pipes is high in pressure, but hindered by its high density and weight meanwhile due to 200 times of heat shrinkage property difference between it and PE plastic, their poor combination will seriously influence RTP life. Non-organic fiber in RTP can remove the above-mentioned shortcomings to be an ideal strengthening material for RTP pipes with the help of its high strength, low elongation, good combination with resin plastic, modest price. However, non-organic fiber is deficient in fold-resistance, flexibility and endurance which can be improved to some extent through later processing. Non-organic fiber in RTP has been a hotspot discussed and researched by the industry in recent years. There have been foreign enterprises applying glass fiber in RTP whereas in China, Lijin in Guangzhou Province has also owned the producing equipment and process for RTP pipes. Based on the fact that basalt fiber is superior to glass fiber in strength, it will be a new technology and product if used in RTP after certain processing, enjoying a better pressure-resistance than glass fiber RTP. From the test data of Nanjing Chenguang, strength of impregnated glass fiber is approximately 0.6N/tex, and breaking strength in early stage is expected to be 0.7N/tex after rubber emulsion impregnation; in varying pipe size range, expected property can meet the requirement of high-pressure pipe more than 5Mpa, and middle pressure, 1.6-5Mpa.

In conclusion, basalt fiber in chemical pipes, vessels and filtration system, etc will bring out great development value and market potential, bonud to generate considerable economic benefit and social value.

1.1.2.4 Composite market:

Worldwide composite output has reached more than 5.5million tons and an output value of 130 billion dollars which will be more startling if high-value products in European and American military and aerospace are taken into account. Globally, composite production is concentrated in European, American and East Asian areas. Recent years have seen demand for composite keeps growing in Europe and America, while slow in Japan due to its economic recession, and fast development in China especially China mainland. From the perspective of application, composite in Europe and America primarily serves aerospace and automobile industries, etc. Automobile industry is the biggest user of composite in the world, which still holds huge potential in later development as many new technologies are in developing. For example, to reduce engine noise and increase sedan comfort, effort has been made to develop adhesive thermo-plastic damping steel plate between two cold-rolled sheets; to satisfy the development requirements of engine towards high-speed, pressurization and heave-loading, piston, connecting rod and bearing bush of engine have used metal-based composite. To meet the requirement of light weight, there is bound to be more and more composite employed in automobile manufacture. Cost performance of basalt fiber compared with other fibers: in physical properties, basalt fiber surpasses glass fiber and aramid fiber in tensile strength, elastic modulus, high-temperature resistance and acid and alkali resistance. In price aspect, basalt fiber is approximately 5-8 times cheaper than carbon fiber, significantly reducing the production cost of composite products.

To sum up, it is thus clear that composite is facing a wide application and development space. Features held by basalt fiber endow itself with congenital conditions. New basalt fiber composite is springing up like mushroom, whose consumption amount will reach 40000-60000 tons yearly and increase with a rate of 15-20% with development of new products.

1.1.3 Technical Analysis

Relying on the leading carrier of Jilin Jiuxin Basalt Industry Co., Ltd, the technical support from the existing and subsequent developing technologies transferred from Sichun Aerospace Tuoxin Basalt Industry Co., Ltd owned the by the former compnay, and the late-starting power of Basalt Material Institute of Jilin Province to be built, the park will be ensured all the while to gain the transfer of the most nationally and even internationally advanced basalt material research achievements and to gain high added-value.

1.1.4 Advantageous Conditions of Project Construction

(1) Resource advantage

Total proved resource reserves owned by Jilin Jiuxin Basalt Industry Co., Ltd are as high as 10 millin tons that are able to be used in CBF and that can meet the production needs for 500 years based on the ore consumption for the annual output of 10000 tons of CBF and its products; construction land resource is rich.

(2) Industrial base

Land acquisition for Jilin Jiuxin is 144800, plus 100000reserved, which together can definitely satisfy the need for future building CBF composite products including composite rebar, section, external wall thermal insulation panels, scale and CBF series product line project; power and gas resources are guaranteed by State Grid and “Gasification of Jilin Province” supplying energy to each project; labor resource is rich.

(3) Park advantage

The park is located in the hinterland of Huinan County where the special advantages given by the county politic, economic and cultural center help to form strong human resource attractiveness, based on which basic employment can be fulfilled except for high-ranking technician; enterprise-favored policy resources are sufficient. The park established in Jilin Huinan Economic Development Zone, can enjoy the enterprise-supporting policies both in provincial and county levels and unique conditions of convenient accesses.

1.2 Content and Scale of Project Construction

1.2.1 Product Scale

To realize basalt fiber productivity of 50000 tons per year, comprehensively exploiting the application of micro fiber (scale) in green building material, automobile, chemical, composite market industries, and etc.

1.2.2 Construction Content

This project is planned to cover 124480m2 in total and 91641.52m2 for building areas. Main purchased equipment: 76 wire drawers, 76 tank furnaces, 38 winders, 8 drying equipment, 4 chopping machines, 2 composite rebar production line, 1 generator unit, 3 units(15 sets) of treating agent preparing equipment, 9 inspection and test equipment, 2 units(10sets) of water treatment equipment and some other accessories.

1.3 Total Investment of the Project and Capital Raising

The total investment of the project is RMB 1000 million Yuan, including construction investment of 850 million Yuan.

Table 1: Summary Table of Total Investment of the Project    

No.

Expense Name

Amount of Investment

Proportion of Total Investment %

Remarks

1

Construction investment

85000

85

 

2

Interest incurred in construction period

 

 

 

3

Working capital

15000

15

 

 

Total investment of the project (1+2+3)

100000

100

 

Note: "RMB10,000" in the Table shall be RMB.

1.4 Financial Analysis and Social Evaluation

1.4.1 Main Financial Indexes

After the project reaches its output, the annual operation revenue is 1200 million Yuan, and profit is 285.7 million Yuan. The payback period is 4.5 years (after taxes, including construction period of 1 year), and return on investment is 28%.

Table 2: List of Major Indexes for Forecast of Economic Benefits 

No.

Name

Unit

Index

Remarks

1

Sales income

RMB10,000/a

120000

Normal year

2

Total profit

RMB10,000/a

28570

Normal year

3

FIRR of all investments

%

25

After income tax

4

FNPV (Ic=10%)

RMB10,000

58675

After income tax

(operation period 10 years)

5

Period for recovery of all investments (after tax)

a

4.5

Including 1 year of construction period

6

Rate of return on investment

%

28

 

Note: "RMB10,000" in the Table shall be RMB.

1.4.2 Social Evaluation

The general target of basalt fiber industry development: building a industry-study-research-use cooperative system and mechanism for basalt fiber, highly-efficient and compact, fostering a batch of leading enterprises with strong innovativeness and brand competitiveness, gathering and breeding a multitude of high-ranking managing and technical talents, so as to turn Huinan into the basalt fiber production base with the biggest scale, basalt fiber product production base with the most various types, and the creative product development base with strong influence in China, and eventually to make the basalt fiber industry park to show as a banner for China’s basalt fiber.

1.5 Cooperative Ways of the Project

Joint venture.

1.6 What to be Invested by Foreign Party

Capital.

1.7 Construction Site of the Project

Huinan Economic Development Zone.

1.8 The On-going Condition of Project

The cooperation proposal has been prepared.

2. Introduction to Partner

2.1 Basic Conditions

Project Undertaker Name: Jilin Jiuxin Basalt Industrial Co., Ltd.

Legal address: Huinan Economic Development Zone

Legal Representative: Guo Jiumin

Enterprise Ownership: Limited company

2.1.2 Project Undertaker Overview

Huinan Economic Development Zone, situated at the central point of such mid-large cities as Shenyang, Changchun, Tonghua, Fushun, Jilin, Siping, Baishan, leaning against resource repository of Changbai Mountain, facing the abundant granary of Songliao Plain, combines the mountainous and plain features to gain unique position advantages. Huinan has been always the west door to Changbai Mountain, the natural treasured place for businessmen’s entrepreneurship and investment. As a developing industrial park, it owns convenient transportation extending in all directions. The areas is entitled with obvious transportation advantage of developed road network, with Shenyang-Jilin Railway, Huinan-Jingyu Railway, Tuanlin-Shangsonggang Railway, Yingchengzi-Baishan Road, Chaoyangshan-HuadianRoad, and Yingchengzi-Fumin Road traversing. Changchun-Songyuan and Shenyang-Jilin Expressways under construction inter-connects with each other near the area by leaving entry and exit there. Excellent position and transportation provide the economic development of Huinan County with sound conditions, and with easy access to economic radiation from Changchun, Jilin, Tonghua, and Siping, thus fostering it into a regional industrial and commercial center.

The general target of basalt fiber industry development: building a industry-study-research-use cooperative system and mechanism for basalt fiber, highly-efficient and compact, fostering a batch of leading enterprises with strong innovativeness and brand competitiveness, gathering and breeding a multitude of high-ranking managing and technical talents, so as to turn Huinan into the basalt fiber production base with the biggest scale, basalt fiber product production base with the most various types, and the creative product development base with strong influence in China, and eventually to make the basalt fiber industry park to show as a banner for China’s basalt fiber.

By 2016, the park will view an achievement of complete internal consumption of basalt fiber in the park, productivity expansion of basalt fiber filter material, friction material and innovative products, and the ability to consume basalt fiber of 10000 tons yearly and output value of 1 billion.

By 2020, the park will fulfill a productivity of 50000 tons, and realized complete in-park digestion by expanding basalt fiber product application scope. An industrial cluster constituted by 50 a production, trade, service and raw and accessory materials set comes into being, with the realization of output value of 6 billion Yuan, to establish Hunan Economic Development Zone as the nationally biggest, internationally first-rated, safe and environmental-friendly basalt fiber production park, and to boost technological innovation and progress of basalt fiber industry.

2.3 Contact Method

Contact Person: Nie Wenhui

Tel: 0435-8235757

 

Contact Person of Project City (Prefecture):

Contact Unit: Economic and Technical Cooperation Bureau of Tonghua City

Contact Person: Sun Xiaodi

Tel: 0435-3650957  13843515611

E-mail: th3650957@126.com

Website of City (Prefecture): http://www.tonghua.gov.cn/

 

 

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