CIMC 3 billion-built containers project

CIMC 3 billion-built container project of China International Ocean shipping container Group) Co., Ltd. A wholly owned subsidiary of CIMC Container Holdings Ltd and Ningbo Yinzhou the signing of the economic development zone management committee set in Yinzhou of things Flow equipment manufacturing project investment agreements. Accordingly, the container holding the consent of Yinzhou investment projects carried out in two phases, the project total investment of about 3 billion yuan. It is expected that the completion of the project 2015 issue of the construction of investment and production, invested in the construction of the project phase was completed in 2018. It is learnt that the fixed assets investment of about 1.5 billion yuan RMB (including land). Ningbo Yinzhou economic development zone management committee for the establishment of the leading group for the construction of the project, the project In the policy and to the extent permitted by the law to assist the container holding the coordination of homeland, Yinzhou District, Ningbo City Urban construction, planning and other related departments, provide a full range of services for the construction of the project. The container holding shall be in accordance with the provisions of the relevant departments and the construction of the requirement of the construction of development zone planning. The main construction of the project will be to develop, Production and sales of a variety of standard or special containers logistics equipment, their parts and components, and provide after-sale technical service integrated manufacturing base. After the project reached, with an expected annual production capacity of 450 thousand TEU, in which the project is designed annual production capacity of 200 thousand TEU. Location and area: under this agreement the location of land economic development zone of Ningbo Yinzhou phase II, the total project of land with a total area of 470 thousand square meters (700 acres). The container holding will be listed in accordance with the statutory procedures for access to the land-use right of the land of this Agreement, And in accordance with the departments of land and resources, signed "confirmation" of price and time, and on land and resources management departments to sign the contract for the assignment of state-owned land ".  The company said, With the gradual recovery of the global economic growth, as well as the gradual increase in the rate of global containerization, it is expected that the trend of the future long-term growth of containers will still continue. Yinzhou after the completion of the project will be beneficial to the further consolidation of the group and maintain a leading position in the container industry. Investment of the project will consist of the provision of the group's own funds