Project Undertaker :Tianjin Soda factory

1.Estimated total investment: 2,100,000,000 yuan

2.Way of Investment formula: Joint-venture

3.Investment ratio: 50% Chinese-owned 50% foreign-owned

4. Estimated investment returning term: 5 years

5.ADD: Tianjin Soda Factory. (PC:300455)

6.Contact Person: Mrs: Hua Yu xiang.

7.Tel: 86-22-28595990-8272

8.Fax: 86-22-25895881

9.E-mail: ghb@tjsoda.com

Market Prediction:

Natural gas is an ideal material for synthetic ammonia, Chemical natural gas has become very important in the world chemical industry. 70% of the world synthetic ammonia products using natural gas as the material. Tianjin's natural gas comes from Dagang oil field and Bexi oil field. At the moment, we have 700,000,000 cubic meter natural gas resource capacity. By the year 2005, it will reach 200,000,000 cubic meter. Such a large capacity provide a good opportunity for the development of natural gas chemical production. By the end of 2001, natural gas conveyer pipeline can lay down to our factory. So this project is for 400,000 tons of synthetic ammonia annual production. Among them, 70,000 tons for synthetic ammonia soda, and the rest of 330,000 tons for methanol and various methanol products.

Briefing of Chinese Enterprise:

Tianjin Soda Factory was built in 1917. It is the No.1 large soda manufacture enterprise in East Asia, with fixed assets of 1.2 billion yuan and total property value of 2.5 billion yuan. In the year 2000, the sale's income has reached 828,000,000 yuan, oversea sale's income 25,500,000 USD. Among 7200 employees, there are 1200 technical workers. We have soda ash annual production of 68,000 tons of ammonim chloride. In 1926, our : Red Triangle) brand soda ash won the gold medal in the Philadelphia International Exhibition. Our factory has a good location, very close to the local harbor, covers an area of 1.84 square km, with water, electricity, water vapor and squeeze out equipment.