1. Project

   Fishing Implements & Materials Manufacturing Factory

2. Purpose of the Project

The project is aimed at meeting domestic demand for fishing implements and materials, to be produced by invested equipment, technology and raw materials needed for manufacturing above incl. fishing net & rope.

3. Location

  Munhwa-dong, Hanggu District, Nampho City

4. Current state and Investment Direction

The Nampho Daesong Trading Company has building and manpower, stable power supply by both national power grid & motor generator. Being located in downtown of Nampho City, it has advantage of ease access to road and sea port.

5. Products and Capacity

  Products: Various kinds of fishing implements and materials 

  Capacity: US$ 5 million per annum

6. Details of Required Investment

  Total investment: US$ 500 000

7. Raw and Other Materials Purchase Term

At first imported raw materials is to be used, that is expected to be substituted with locally available raw materials, if possible.

8. Marketing

  Mainly for domestic market

9. Type of Business and Term of Existence

  Type of Business: JV Enterprise for which reimbursement to be made from profit

  Term of Existence: 10 years

10. Estimated Economic Effectiveness

  Annual sales: US$ 5 million 

  Total profit: US$ 1 million 

  Profit of the proponent: US$ 300 000 

11. Proposed by

  Korea Manhung Trading Company

Tel: 00850-2-18111-381-8551

Fax: 00850-2-381-4599

E-mail: greatsage514@star-co.net.kp