| Compound Fertilizer | |
| 1. Undertaking Unit: | Ninghua Chemical Industry Corporation |
| 2. Site of Project: | Gaoqian, Ninghua (outskirts of the county) |
| 3.
Person in Charge: Contact Tel: |
Chen Dingrong 0598-6823222 |
| 4. Reasons & Conditions for Its Construction an Market Forecasting: Ninghua County is one of the major grain produced base in Fujian Province. In recent years, with spreading technology of scientific farming and adding the acreage under industrial crop, using compound fertilizer especially with high-consistency and single-nutrient has been accepted by more and more farmers. But the use of fertilizer with low-consistency and single-nutrient (as sodium bicarbonate and so on) has relatively reductive. After measuring and calculating, major crops need to use high-consistency compound fertilizer with three elements over 50,000 tons in our county. Ninghua Chemical Industry Corporation is directed against present situation of recent agriculture using fertilizer and trend of in future using fertilizer. It is going to use idle factory workshop and open ground, give full play to advantages of existing public set and self-produced synthetic ammonia, develop and build production line of the yearly output of 50,000 tons high-consistency compound fertilizer with three elements.
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| 5. Construction Scale and Main Contents: Annual produce 50,000 tons of high-consistency compound fertilizer with nitrogen£¬phosphorus, potassium which is in order to tobacco plant, rice, ruit tree. |
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| 6.
Total Input and Utilization of Foreign Fund: Total input is 16.3 million yuan, USD 1.5 million of foreign funds is planned to use. |
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| 7. Form of Using Foreign Investment: Joint venture or sole funded | |
| 8.
Analysis on the Economic Results: The yearly sale income will reach 85 million yuan with the profit of 4 million yuan, the tax of 4.25 million yuan, the rate of the input profit 24.5%, the return of the fixed assets will take 2.5 years (including the period of construction). |
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| 9. The Development of the Preliminary Work: A feasibility study had been finished. |
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