I. Project name: Project towards producing 1,200 tons polysilicon annually

II. Project address: Feicheng Hi-tech Industrial Development Zone

III. Brief introduction to the project: Polysilicon, the main material of the solar cell is a kind of high technical product. It is the raw material for producing monocrystal line silicon as well as the necessitous up-stream product for IT industry and photovoltaic industry. Face to the large demand of polysilicon, a lot of manufacturers are all planning or have been implementing expansion. Now, Shandong Inove Strong Magnetic Material Co., Ltd. is going to invest this project with 600 million yuan RMB, investors are welcome to inspect and invest it.

IV. Total investment: 600 million yuan RMB

V. Ways of cooperation: Cooperation

VI. Market analysis of the project: According to the pertinent data, most of the polysilicon depends on import because the polysilicon produced by our country can't meet the social demand. In addition, the domestic construction scale is small, which can't meet the demand of China's IT industry and photovoltaic industry. The short of supplies of polysilicon have been the restrictive factor for the development of semiconductor products and solar batteries, the demand to the polysilicon from home and abroad is big. Therefore, this project has wide market prospect and development space.

VII. Analysis of the economic benefit: After the project puts into operation, it can newly increase the sales revenue of 1.5 billion yuan RMB, and profit and tax of 300 million yuan RMB annually as well.

VIII. Brief introduction to the cooperation unit of the project: Shandong Inove Strong Magnetic Material Co., Ltd. was founded in April, 2005 with a total investment of 60 million yuan RMB, and covers an area of 122 Chinese acres. This company possess strong technical force, advanced equipments, several kinds of high-powered Nd-Fe-B permanent-magnet , such as N52、50M、48H、44SH、38UH、35EH. And the yearly capacity is 800 tons.

IX. Contact ways:
Contact unit: Feicheng City Municipal Investment Promotion Bureau
Person to contact: Zou Hui
Tel: 0086-538-3229759
E-mail: zh135838@163.com