Project Of Mudanjiang Aotong Powder Metallurgical Friction Material
Name of project: Brake pad(used for automobile ) Project of Mudanjiang Aotong Powder Metallurgical Friction Material Ltd.
Scale of project: 1,000-ton/year free-of-asbestos brake pad and clutch disc; 2 million sets/year disk-and-drum brake pad; 500 tons/year powdery metallurgical products.
Free-of-asbestos Brake pad
Brief description on the project: The company signed a supply agreement with the leading enterprise in the field of agricultural machinery—USA John Deere Company, in addition, the company signed an Cooperation Intent with Canadian Senress International Industry Company on jointly developing environment-friendly free-of-asbestos brake pad. Friction material and powdery metallurgical products are widely applied for such fields as automobile, train, agricultural machinery, petroleum and mine. With the rapid development of automobile industry, brake pad has become the key safety consumables in the running process of automobile. Aotong Company and the FAW Automobile Research Institute based on the huge market demand and feature of Northeast China, jointly developed the environment-friendly brake pad adaptive to the climate in Northeast China. The brake pad will be mainly sold in domestic market.
Investment estimate and fund source: The total investment is US$4.57 million, in which, US$2.86 million for investment as fixed assets, US$1.71 million for current fund. US$2.29 million will be raised by the company, US$430,000 will be applied from relevant institution and US$1.86 million will be achieved by investment promotion and attraction.
Cooperation means: Cooperation, stock participation or other manners.
Estimated economic benefit after the project construction is completed: The annual sales income is US$12.21 million, the profit & tax is US$1.43 million, the investment recovery period is 3 years.
Brief introduction to domestic investor:
1. Present enterprise situation: Mudanjiang Aotong Powder Metallurgical Friction Material Ltd. is a stock-system private enterprise formed on basis of the original Mudanjiang Powder Metallurgical Factory by system reform and share reconstruction, the total assets of the company is 20 million yuan, the main products include auto components & parts, powdery metallurgical components & parts and friction materials. The products are mainly supplied to Shenyang Gold Cup and China FAW, now it is an enterprise in the part supply network of FAW and a A-level supplier.
