I. Project name: Project towards manufacturing API seamless steel tube

II. Project address: Xintai Economic Development Zone

III. Brief introduction to the project: There are more than ten kinds of working procedures during the API seamless steel tube production process, including high-frequency soldering, strong-pressure reducing, roller-sizing, vortex crack detector by on-line computer, straightening, high temperature annealing to remove the internal stress and hydrostatic test. The product quality has reached the national standards of GB/T8162-1999 and GB/T88163-1999, becoming the substitute of seamless steel tube. Investors are welcome to negotiate and cooperate with the company.

IV. Total investment: 80 million yuan RMB

V. Ways of cooperation: Joint Venture and cooperation

VI. Market analysis of the project: Although China is one of the biggest manufacturers of the steel tube in the world, the product level is low and the dissipation of energy is high. Most of the high precision and high quality steel tubes needing by oil-gas engineering and chemical engineering depend on import. The API seamless steel tube has a fine promotion prospect in the domestic market, and also has competitive advantage for export.

VII. Analysis of the economic benefit: After the project puts into operation, it can newly increase the sales revenue of 200 million yuan RMB, and profit and tax of RMB 30 million yuan annually as well.

VIII. Brief introduction to the cooperation unit of the project: Shandong Xinchi Steel Tube Manufacturing Co., Ltd., located in Xintai Economic Development Zone, was founded in February 2007. The company covers an area of 209 Chinese acres with a building area of 17,000 square meters. It has a total assets of $ 6.25 million, 300 employees and 30 skilled executives.

IX. Contact ways:
Contact unit: Xintai City Municipal Investment Promotion Bureau
Person to contact: Kang Dongsheng, Zhang Qiang
Tel: 0086-538-7236827
E-mail: yunzq@tom.com