Taiyuan Heavy Duty Machinery Group Co.Ltd

Renovation and Localization Project for Excavator in Super Mining and Strip Mine

Brief Introduction to the Organizer
The company was founded in Oct. 1950 with the registered capital of RMB662.6 million and staff members of 18,509. In 1998, Taiyuan Heavy Industry Co., Ltd., the first public company in heavy machinery industry in China was established with crane, rolling mill, forging press, excavator, gear box and roller oil film bearing, big castings and forgings, locomotive wheels and shafts, coke ovens, space launching devices, arena facilities, hydraulic components and so on as its main products. In the end of 2005, the annual sales revenue reached RMB4.5 billion and the total assets reached RMB7.2 billion.

 

Project Overview
1 Project Content
It will realized the annual production of 20 pieces/sets 4m3 and 10m3 excavator , 4 pieces/sets 20-35m3 excavator and 1-2 pieces/sets big scale digging machine of over 40m3 and big scale pulling scrapers of over 90m3.

2 Investment Budget

The total investment of the project is USD62.5 million, financed by many channels like special loan, company financing, joint investment and cooperation, business and capital attraction, increase of capital and shares, capital restructure and capital operation.

3 Construction Content and Scale

      Following gear machining equipment is added: 5×16 Numeric controlled overbridge millings, over 10m digital controlled vertical lathe, 4m gear grinder, and other numeric controlled equipment. Over 4m large cementing furnace, welding machines as well as testing and measuring equipment also will be newly added. A new workshop for manufacturing and assembling heavy duty machines will be built and some support facilities, such as hoisting apparatus and facilities for water supply, power supply and steam supply will also be added.

4 Supporting Conditions
     The supporting conditions are complete

5 Market Forecasting & Economic Benefit Analysis
      The construction period is 2 years and after project startup, the estimated annual increased sales revenue of USD125 million and the annual profit payments and tax turnover of USD18.75 million will be realized.

 
Progress of the Preliminary Review of the Applied Project

The project is in accordance with the industrial policies set up by the state as well as the province. At present, it has been approved by the relevant authorities in charge of land resources, environmental protection and urban construction through preliminary reviewing.

 

Planned Capital Attracting Means Joint venture and cooperation

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