| Brief Profiles Of Investment Projects
For China's Agenda 21 |
| Title | Vegetable Production and Processing in Hainan Province | ||||||||||||||||||||||
| Type | New vegetable production and processing | ||||||||||||||||||||||
| Description | |||||||||||||||||||||||
| A cultivation, processing and transportation system for vegetables will be developed in Hainan Province. The processing plant will be constructed to handle the produce from an existing 680 ha. plantation that cultivates fruits and vegetables. Distribution centres will be set up in Shanghai, Tianjing and Dalian. Transportation facilities will include 200 containers and 2 boats of 2000 tons with capacity for exporting 80,000 tons of vegetables annually to the distribution centres. | |||||||||||||||||||||||
| Rationale | |||||||||||||||||||||||
| To better exploit the favourable climate and abundant sunshine, water and land in Hainan Island, vegetables will be cultivated out of season to satisfy the great need for fresh vegetables in northern cities, Hong Kong and oversea markets. Return after tax on total investment is a favourable 26%. | |||||||||||||||||||||||
| Products | |||||||||||||||||||||||
| 80,000 tons vegetables per year | |||||||||||||||||||||||
| Location | Chenmai county, Sanya city etc. of Hainan province | ||||||||||||||||||||||
| Available Information | Detailed Project Description | ||||||||||||||||||||||
| Total Investment (US$) | 9.6 million |
Foreign Currency (US$) |
1.5 million | ||||||||||||||||||||
Financing |
Co-operation Sought | ||||||||||||||||||||||
| Total Equity (US$) | 5 million |
Joint Venture | |||||||||||||||||||||
| Of which Equity Foreign Partner (US$) | 2.5 million |
Cooperative Business Operation | |||||||||||||||||||||
| Loan (US$) | 4.6 million |
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| Others(specify) (US$) | |||||||||||||||||||||||
| Indicators of Viability | Total Annual Income: US$ 6 million; IRR: 31.5%; Pay-back Period: 4 years. | ||||||||||||||||||||||
INFORMATION ON SPONSOR | |||||||||||||||||||||||
| Name | Hainan Sunrising Dragon Group Co. Ltd. | Tel | +86-898-6765983 | ||||||||||||||||||||
| Address | 8 Nanhang Road, Haikou city, Hainan province | Fax | +86-898-6708948 | ||||||||||||||||||||
| Annual Turnover (US$) | 1993 | 1994 | 1995 | ||||||||||||||||||||
| Year of Establishment | 1994 | No. of Employees | 820 | Ownership | Corporation | ||||||||||||||||||
| Fixed Assets (US$) | 35 million | Registered Capital (US$) | 28 million | ||||||||||||||||||||
| Land (ha.) | Building (m*m) | Equipment (US$) | |||||||||||||||||||||
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