Project name: Manufacturing Strontium carbonate at a yearly production capacity of 30,000 tons, and thiourea at a yearly production capacity of 10,000 tons.

Background: Strontium carbonate is made from mixing carbon dioxide and celestite together, and heating them in a calcium carbide furnace to bring about carbon reduction. Total investment and composite cost of the products can be reduced with present infrastructure and implementing machinery that can produce cement from solid wastes at 200,000 tons/year. This project is in accordance with relevant industrial policies of our country, and relies on the rich resources within the Ningxia region.

Technical proposal:
Strontium carbonate(technical grade): 25,000 tons/year(product quality meets HG/T2969-1999 standards):Strontium carbonate (electronic grade):5,000 tons/year£»thiourea (technical grade) 5,000 tons/year (product quality meets ZBG17013-88 standards): high-grade thiourea produced at 5,000 tons/year.

Preliminary preparation:
Factory floor plans have been designed and civil engineering has started.

Investment and financial analysis:
Total investment for this project is RMB 89.95 million yuan, including RMB 61.55 million yuan in fixed investments. Our goal of RMB 239.69 million yuan of sales revenues can should be achieved, provided everything proceeds as planned. Investment recovery period: 3.9 years.

Collaborative method: joint venture, cooperative management or other methods.