The Dantu project is invested by Doric (Jiangsu) Technology New Materials Group Co., Ltd. (hereinafter referred to as “Doric Group” with a registered capital of 50 million yuan. Doric Group is owned by Taylor Lions (China) Construction Technology Group (hereinafter referred to as “Doric Group”). (Referred to as "Taylor Lion Group") and Jiangsu Ruicheng Green Construction Technology Co., Ltd. were jointly established in July 2019. The registered capital of Taylor Lion Group is 28 million U.S. dollars, and it owns Doric Group and China Minzhuyou Housing Technology Co., Ltd. Group, Yueju Blue Bay Modular Construction Technology Co., Ltd., Nanjing Huishi Construction Technology Co., Ltd. and other holding subsidiaries. Taylor Lions Group is a wholly-owned subsidiary of Zhonghui Financial Holding Group. Zhonghui Financial Holding was established in 1994. It owns first-tier sub-groups such as Taylor Lions Group, Hailan Holding Group (02278), Cuiping International Group, Rongquan Capital, Hongsheng Optoelectronics Co., Ltd., and Xiamen Ocean Co., Ltd. As of June 2019, the group's sales revenue was 20 billion yuan, net Assets are 28 billion yuan.
Basic situation of the project
The leased plant is about 40,000 square meters, and the leased plant is located on the south side of Yanjiang Road, Xinfeng Town, Dantu District, the former Zhenjiang Veken Jinghua Cotton Textile Co., Ltd. plant. The investment in the first phase of the project is about 200 million yuan. After the completion of the project, it is expected to achieve sales of 1.5 billion yuan and tax payment of 140 million yuan in five years. In addition, Zhonghui Group integrates internal resources and will invest in Dantu in an all-round way. The total investment is estimated to be 2 billion yuan and the first phase investment is 500 million yuan. With 1.5 million square meters of decorative materials and 1,000 sets of prefabricated decorations, it is estimated that the accumulated revenue in 5 years will be 4.4 billion yuan, tax revenue will be 570 million yuan, 15 research and development results will be achieved, and 300 jobs will be driven. The project will be based on 2 main factories, 2 auxiliary factories, using world-class equipment, AGV intelligent robot robot arm, industrial cloud backstage management system, and strive to build a national demonstration intelligent benchmark factory and export foreign exchange earning base.
The investment projects mainly include: the production of magnesium oxide plates and the production and extension of magnesium oxide plate interior and exterior wall decoration materials; the production and manufacture of wooden structure houses; the production and manufacture of prefabricated decoration materials, etc.
The project started plant renovation in July 2019 to simultaneously carry out equipment procurement and other matters, and it is planned to be officially put into production at the end of November 2019.