ⅠProject Description:
1. Project Outline: magnesium alloy with the fineness of 1.74g/cm3 is the lightest metal material at present which is characterized by high specific strength and specific rigidity, excellent damping shock absorption, good electromagnetic screen and mechanical working property, stable spare size and easy recovery. It is widely used in aviation, space flight and the production of automobile, computer, electron, communications and household appliances. Relying on the abundant dolomite resource in Baishan and introducing advanced techniques and production facilities of magnesium alloy sheet and strip, the project will form a new sustainable development industry.
2. Construction Scale& Product Scheme: a dolomite mine with output of 1,200,000 t/y is to be built; A magnesium smelt plant with output of 100,000 t/y is to be built; two cold rolling magnesium alloy sheet product lines with annual output of 50,000 tons is to be built.
3. Market Analysis & Estimated Economic Performance: As one of the State 863 projects, magnesium alloy sheet is a top product of magnesium and magnesium alloy industry. The production of magnesium alloy sheet and strip on large scale can only be carried out in a few countries. The South Korean steel giant POSCO opens its magnesium sheet plant in 2007 which is finished in 2008. The expected price for the magnesium alloy sheet and strip is RMB 60,000/ ton. With mature technology, the natural resource further processing project has a vast market prospect. Annual sales income will be RMB 5 billion, profit RMB1.747 billion and taxes RMB 0.928 billion when the project is put into operation.
4. Total Investment: RMB 3.728 billion
5. Intended Modes of Cooperation: sole investment
6. Foreign Investment Expected: Funds, facilities, technologies.
7. Construction Site: Baishan Economic Development Zone nonferrous metal metallurgy industrial park 8. Project Progress: The project proposal is drawn up.
Ⅱ Description of the Chinese Party:
1. Name of the Enterprise: Baishan Economic Development Zone Management Committee
Legal Address: No. 2 Tongjiang Road, Baishan City
Legal Person: Wang Gang
2. For More Information, Please Contact:
P.C.: 134300
Person to Contact: Han Dong Pan Fengjun
Tel: 86-439-5088807 Fax: 86-439-5088800
E-mail:
bsjjkfq@sohu.com