I. Project name: Project towards iron ore's further processing in Dongping County

II. Project address: Dongping Heavy Chemical Industrial Zone

III. Brief introduction to the project: Dongping County is rich in iron ore resources, and its verified reserves reach 760 million tons which take about one third of the total proved iron ore reserves in Shandong Province. At the present time, five of the iron factories has put into operation or has been building. After it puts into operation, they can produce 30 million tons iron ore and 10 million tons iron powder. This project is going to build the new iron further processing project, including smelting ferrous powder, casting and so on.

IV. Total investment: 1.8 billion yuan RMB

V. Ways of cooperation: Joint venture, cooperation and solely-funded

VI. Market analysis of the project: There are critical shortage of iron ore resources in our country, and the iron ore price is unstable, the import cost is high. The development cost is very low because of the convenient transport  and abundant labor forces. Therefore, this project has high economic benefit.

VII. Analysis of the economic benefit: After the project puts into operation, it can newly increase the sales revenue of 2.5 billion yuan RMB, and profit and tax of 350 million yuan RMB annually as well.

VIII. Contact ways:
Contact unit: Dongping County Investment Promotion Bureau
Person to contact: Mr. Chen, Mr. Liu
Tel: 0086-538-2830589
E-mail: lbdz188@163.com