NO.8
Basic situation of the enterprise:
Tianjin Wu Yang Towel Blankets Co., Ltd is a newly built enterprise combining, in consideration of its own optimum advantages, Tianjin Fei Tian Textile Decorative Fabric Co., Ltd, Tianjin Li He Towels Factory and Tianjin Thread Blankets Factory. An economic operation has been run on a right way for years since its establishment. It has imported advanced equipment with high technology, so possessing a solid technical power with an advanced management system. Brand "Four Coins" towel blankets, nightclothes, towels¡etc are sold well throughout the whole country. All kinds and grades of multi-layer jacquard decorative fabrics of Brand "Chinese Rose", blankets and indoors supporting decorative products are available. Traditional characteristics and modern styles are well integrated as one. Therefore its products have won a welcome from clients at home and abroad.
Tianjin Wu Yang Towel Blankets Co., Ltd is located on the side of Hongqi Road - mid-ring road, NanKai District. That place is one of the best for foreign investment due to its fine surrounding environment, its excellent geographic position and convenient communication.
Proposed Project:
Project: Producing multi-layer jacquard decorative fabrics.
Production capacity: 280,000 pieces/year.
Total investment: US$ 2 million.
Project Background:
Multi-layer jacquard decorative fabrics are now fashionable textile products in the world and mainly used in room decoration and various cloth-decorated fabrics. High-quality natural staple is taken as raw material for these products and a complicated multi-layer jacquard weaving process is adopted. So they are plentiful in color, strong in three-dimensional sense and clear in lines, well having more functions, such as temperature keeping, air permeability¡etc. Now they are sold throughout the country and exported to Japan, USA and Australia. This company was granted in 1998 a practical new-type patent for the said products. These products are in the lead in international market.
Market
Being as domestic products, one of the three fields of final textile products, their competition is much lower than that of garment products. At present these products are of those that are well sold in the international market. But only several European countries are in production and their prices are rather high. Our products not only have a market need, but possess an advantage in price. Now we've got orders with a large quantity. Because of limited equipment capacity, it is difficult to meet the need of market in respect of quantity. Production capacity would have been improved if rapier looms were imported, product quality been upgraded and very optimistic in market prospect.
Forecast for economic result
Total investment: US$ 2 million.
Foreign investment contributed: US$ 1.6 million.
Annual production: 280,000 pieces.
Annual sales income: US$ 3.4 million.
Annual profit: US$ 0.4 million.
4 to 5 years' investment recovery after project is put into operation.
9 months' project construction period