Deeply Processed Products Series of Rosin

Deeply Processed Products Series of Rosin
1. Undertaking Unit:	The Forestry Industry Co. Of Sanming City
2. Site of Project:	Jingxi Town, Sanyuan District, Sanming City
3. Person in Charge: Contact Tel:	Chen Ruixiao 0598-8242232
4. Reasons & Conditions for Its Construction an Market Forecasting: The Forestry Industry Co. of Sanming City is a integrated industry and trade enterprise which incorporates scientific research, industry and commerce. In 1996 the power of management of importing and exporting were entrusted to the company by the Ministry of Foreign Economic and Trade Cooperation. The company possesses five productive enterprises (companies) and two depositories each with an area of 20,000 m2 together with the total assets of 15.21 million yuan. The stable sale network of the company was established at home and abroad, with annual sale income of 0.1 billion yuan. Sanming City is the major production area of pine resin in Fujian Province with an abundant resource of pine tree. All over the city the area of mason pine totals about 10.6229 million mu, the reserve amount is 55.7052 million m3, theannual collective amount of pine resin and the annual production of rosin are 4.5 and 3.5 ton respectively, occupying one second of the provincial production. The rosin industry has become an important part of the forestry industry, but restricted by the factors such as the material supply, technical level of production and management systems, the deep-processing rosin and turpentine oil products which only occupied seven percents of the rough-processing products developed slowly. There are few varieties, small scale and low occupying ratio of market of second-processing products. The project will improve the extra value of product and operate extently in means of intensify which is suitable to the need of the development of modern industry, so there will be wide-ranging product market, great potentialities of product development and nice prospects.
5. Construction Scale and Main Contents: Annually produce 20,000 ton of deep processing rosin products, including 6,000 ton of hydrogenation rosin, 8,000 ton of light-color rosin and 6,000 ton of light-color pine resin.
6. Total Input and Utilization of Foreign Fund: Total input is 80.22 million yuan, among which are 70.22 million yuan of construction investment, 10 million yuan of circulating fund and 6 million yuan USD foreign fund to be utilized.
7. Form of Using Foreign Investment: Joint Venture
8. Analysis on the Economic Results: After the project is finished and reach output, counted by the present price, the yearly sale income of 18.307 million yuan and profit of 30.21 million yuan will be reached. The investing profit rate is 37.7%. The inner profit rate is 21.58%. The recovery period of investment will take 7.59 years (including construction periods), the static recovery periods of investment will take 5.79 years.
9. The Development of the Preliminary Work: The suggestion report of the project has been approved. At present a prefeasibility study report is being worked out.