Project Unit : Tianjin Chemical Factory

1.Total estimated Investment : 161.40 million yuan

2.Terms of Investment : joint venture

3. Ratio of the Investment : Chinese side 50 foreign side 50 %

4. The Estimated Term of Investment Reclaim : 5.9 years

5.Contact Person : Wang Shi-hui

6.Tel : 022-6799-2936

7.Fax : 022-67992936

Market Prospect:

With the rapid development of our national economy, especially such industries as auto-mobile manufacture , domestic electrical appliances , electronic electric equipment, construction decoration , chemical anti-corrosive & etc. The demand on epoxy resin has increased constantly The products of special & high-quality epoxy resin needed in electronics ,, electrical materials & coating fields have been shot in supply for a long time . Since 1996, the importation of epoxy resin by our country has kept on a high record . 1999 saw an importation of 98,000 ton , while the importation from 1-8 2000 has reached to 85,00 ton

As described above China has the best potentiality on producing epoxy resin.

The project will invest 161.40 million yuan with a production of 20,000 tons a year. The profit after the tax being levied will be 30.79 million yuan per year and the investment will be reclaimed within 5.9 years.

A Survey of the Chinese Partner

Tianjin Chemical factory, set up in 1938, is a large state-owned caustic soda enterprise, which is affiliated to Tianjin Bohai Chemical Industry(Group)Inc.. It covers an area of 3.3 million Square meters with a fixed assets of 1600 million yuan RMB, Mainly producing more than 30 kinds of products such as caustic soda, PVC, plastic construction materials, epoxy-chlor-propane and etc. Tianjin Chemical Factory has a well-organized administrative system and a strong technical team, and well-fitted public works; and a self built thermal power station of 30,000 KW, a 20 Km railroad, 3 sets of self-equipped train engines, more than 500 carriages and advanced communication facilities. Tianjin Chemical Factory has passed the ISO 9002 in 1996.