Southern Building Materials(S.B.M) and Hunan Hyland International Industrial Ltd proposed joint venture to set up the sun bridge logistics co., LTD in hunan province, construction steel logistics base together in hunan changsha wangcheng economic development zone, as the company business development support. It is logistics project with a total investment of 666 million yuan.
The registered capital of zhongtuo company is 120 million yuan, of which the South building materials accounted for 51%, Hyland accounting for 49%. The logistics projects of zhongtuo company was built between the Hexi forerunner area and wangcheng economic development area in Changsha ,with an area of 53.74 hectares (806.03 acres), the net land area of 48.04 hectares (720.64 acres), with a total construction area of 349
,100 square meters, including steel processing, warehousing, open yard and railway station loading areas, with a total planned annual throughput capacity of 5 million tons, planned construction period is 2 years. The southern Building Materials, said the logistics center will be built into One of the important modern logistics and transport base in Hunan Province, even the central south region.
Logistics projects with a total investment 666 million yuan is expected, including construction investment of 651 million yuan, according to the company 51% equity ratio calculation, Southern Building Materials need to invest 340 million yuan. Capital plan through its own equity, asset inventory of bank credit and bank development of existing loans and other ways to raise. The construction period of the project according to 2 years, calculate period of 14 years, financial benchmark yield 8%, estimated payback period is 11.43 years (after tax, including the construction period of 2 years), the investment profit margin 11.24%.
Southern Building Materials said that with the expansion of the company’s business, the size of one of the main companies growing steel trade, the objective is an urgent need to match logistics system do support, currently existing steel logistics base in Changsha City is already saturated and has no development. Changsha City in 2009 was about 7 million tons of steel consumption, currently only Yili Logistics Park is the government planning steel logistics park, warehousing and trading of its annual capacity is only 3 million tons, the annual throughput as Changsha City’s largest steel distribution center for mine through the steel market (annual trading capacity of about 3 million tons) was trading places Changsha city government injunctions must be relocated.
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