tony zlblzmsohucom dear sir madam keenly interested setting new factory produce 120000 erw oil casings per year meet big market shengli oilfied since lack startingup capital seeking investments give brief introduction project follow background shengli oilfield second largest oilfield china leading company sinopec corp httpwwwsinopeccom well neighboring oilfields dagang oilfield central plain oilfield jiangsu oilfield potential market erw oil casing expected total oil casing needed area 400000 tons including 260000 tons sinopec 150000 tons shengli oilfield meet great need plan set joint venture produce 120000 tons erw casings per year shengli oilfield good management market outlets believe jv also potential expand beyond china nations ii us shengli oilfield engineering machinery factory one subcompanies shengli oilfield co ltd total assets 267 million yuan net assets 170 million yuan 2462 staff factory mainly produces oilfield special equipment beam unit spiralseam submergedarc weldedsteel pipe sucker rod line pipe casing tubing plastic compound pipe etc produces 200000 tons line pipes 1 million meters strengthened plastic compound pipes 500 beam units 25 million meters sucker rods 12000 tons pp gas pipes 50000 tons oil tubings yearly become important pipe base shandong shengli oilfield products entering many areas shengli oilfield daqing oilfield liaohe oilfield dagang oilfield 2002 sale income amounted 600 million yuan factory holds quality accreditations iso9001 api iii content project planned introduce japanese technology equipment set one production line range casing diameter from114 3397 produce 120000 tons erw casings delivery pipes per year iv product specifications casing grade steel j55 n80 specification ranges 114 3397 delivery grade steel x52x60x70 specification ranges 114 3397 v economic analysis total investment project 14241 million yuan completion project estimated internal financial rate return paying tax 249 percent payback period 56 years internal rate return paying tax 218 percent payback period 59 years breakeven point project 4695 percent means project keep balance annual output amount 42000 tons vi plans cooperation set joint venture japans marubeni early year registered capital 57 million yuan capital structure follow shengli oilfield bureau administration 1995 million yuan 35 b shengli oilfield engineering machinery facotry 1710 million yuan 30 c dongying district state assets operation management co ltd 570million yuan 10 marubeni engineering technology co ltd 1425 million yuan 25 meet capital need project planned increase registered capital 11888 million yuan taking added investment consideration need another 3468 million yuan get plan executed seeking new joint venture partner whod like join project meet capital requirement would like exchange information manufacturers suppliers interested project discussion raw material supply well jointly investing factory establishment hope could good cooperation future additional information regarding project please feel free contact us looking forward prompt reply sincerely tony leung project officer tel 86546833 9362 fax86546832 9817 mobile 86133 4505 3225 email tonympbdycom sat 24 jul 2004 215422 0800 seeking jointventure partners erw oil casing project