Ningbo Baody Wheel Manufacturing Co., Ltd.
Updated：2012-12-06 11:32
Source：
Yinzhou District People's Government
| Investment Opportunity | ||||||||
| Ningbo Baody Wheel Manufacturing Co., Ltd. is seeking foreign investment, such as strategic investors or financial investors to expand its current business. The Company plans to utilize the foreign investment capital to purchase manufacturing equipment of luxury wheels. The foreign investment can be either equity acquisition of over 50% interests of the Company or direct investment in equipment as capital injection. In addition, the Company plans to establish a long-term strategic relationship with the investors, focusing on the cooperation in technology, marketing and OEM. | ||||||||
| Company Description | ||||||||
| Ningbo Baody wheel manufacturing Co., Ltd... was incorporated in 2003, specialized in producing luxury wheels for cars, trucks and SUVs. Currently, with total assets of USD12.07 million and total employees of 160, the Company aims to develop into a first-class luxury wheel manufacturer in China and build up a brand image in the country. | ||||||||
| Main Products | ||||||||
| Luxury chrome wheels for automobiles use, with sizes ranging from 12 to 28 inches. | ||||||||
| Investment Evaluation | ||||||||
| Industry Analysis | ||||||||
| Due to the rapid development of the auto market in China in recent years, the auto parts manufacturing are experiencing tremendous growth as well as market opportunities. In terms of functionality and quality, chrome wheels exceeds steel wheels. Therefore, the demand for chrome wheels is expected to grow rapidly in China during it economy booming. The global demand for chrome wheels in 2000 was 210 million, while in 2003 the demand soared up to 270 million. It is estimated that the demand for chrome wheels in China would arrive to 20 million in 2006. | ||||||||
| Company Merits | ||||||||
| The competitiveness of the Company includes having top talents with rich R&D experience in wheel manufacturing, and positioning as a leader in wheel manufacturing domestic market. In addition, the Company is penetrating to the international markets through E-business and brand building. On top of the entitlement of tax exemption as a high-tech manufacturer, the Company managed to cut down the overall operating cost. | ||||||||
| Future Plan | ||||||||
| The Company set up its development plan as below: In 2004, the production volume to be 200,000 and the sales to reach USD25 million In 2005, the production volume to be 500,000 and the sales to reach USD50 million In 2006, the production volume to be 2,000,000 and the sales to exceed USD100 million | ||||||||
| Next Steps | ||||||||
| Please send in writing your indication of interests and intention to further pursue the opportunity, including an introduction of your company. The Company is happy to answer any queries you may have and a visit to the Company is always welcome. Further negotiation about the opportunity will be conducted by the company with the assistance of professionals advisors. | ||||||||