Industry: Electronics
Project Background and Conditions:
    The magnets produced by this company have been widely applied in many fields such as CD ROMs in computers, mobile phones, laser jet printers, electric bicycles, Hi-Fi, magneto inductors, floating bearings and NMR etc. Therefore its market prospect is very broad.
Plan of Implementation: After implementation of the project, we will have a neodymium/ iron/ boron production line with annual capability of 1,000 tons and technology for finished processing..
Financial Evaluation: The total investment of the project amounts to RMB 32 million.
Co-operation Form: Joint Venture or Cooperative
Preferential Conditions Contributed by Chinese Partner: The Chinese party will contribute its existing factory, workshops and other facilities as well as related service, also responsible for submitting the project to the relevant authorities for approval.
Status of Chinese Counterpart: Zhejiang Shenghua High Magnetic Materials Co., Ltd. With registered assets of RMB 18 million covers a land area of 67,000 square meters and building floorage of 5,000 square meters. At present the company employs 130 staff, in which 37 are technical specialists (with 3 senior professionals). The company produces magnetic materials of neodymium, iron and boron, and owns a production line for sintered neodymium iron and boron with annual capability of 500 tons. The advanced technology from Japan has been applied in the production. Several forms of magnets such as tile, ring and abnormity are manufactured by the facilities. The precision products are welcomed by the customers in the home and abroad.

Correspondence:
    Person to Contact: Yao Qinsheng
    Telephone: 0572-8409188
    Fax: 0572-8400078
    E-mail: sales@shenghuamagnetics.com
    Web Site: www.shenghuagroup.com
    Address: Zhongguan Town, hangzhou, Zhejiang Province 313220

Liaison Office:

    Huzhou Municipal Investment Promotion Bureau
    Address: 8 Hongfeng Forth Road, Huzhou Zhejiang Province 313000, China
    Tel: 0086-572-2037805
    Fax: 0086-572-2025678
    E-mail: zsj@huzhou.gov.cn