I. Project Name
Technological Transformation of Numerically-Controlled Cutter
II. Project Implementation Agency
Guanzhong Tool Plant
III. Project Description
It is proposed to build a production line, with annual output of numerically-controlled cutters and fittings of 13,000 pieces, offering hard alloy and super-hard materials for numerically-controlled machine tools, and to develop various coating cutters for improving the service life of the cutters. The Project needs 32 sets of main equipment, including 10 imported ones and 22 domestic ones.
IV. Total Investment and Cooperation Form
Total investment of the Project is RMB 15 million Yuan, including RMB 12.6 million Yuan worth of fixed-assets investment and RMB 2.4 million Yuan of current funds;
Cooperation form: Joint venture, negotiation.
V. Anticipation of Market and Analysis of Investment Return
According to relevant materials, the domestic demand is about 300,000 pieces every year, relying mainly upon import at present. What’s more, the demands on numerically-controlled cutters are increasing rapidly along with the development of numerically-controlled machine tools in mechanical processing industry, so it has a bright future.
After the Project is put into operation, the annual increased sales income is expected to reach RMB 21 million Yuan, the profit margin 36%, the internal rate of return 40%, and the payback period of investment 3 years.
Contact Person: Wang Huqin
Address: No.34, Guanzhong Road, Fengxiang County, Shaanxi 72140