Jiangsu Fuyu Decoration Material Co., Ltd. Project Overview

Jiangsu Fuyu Decoration Material Co., Ltd. (hereinafter referred to as "Fuyu Company") was established on April 13, 2016, with a registered capital of 10 million yuan only, and its registered address is located in the industrial concentration zone of Tongyang Town, Shuyang County. It is mainly engaged in the production and sales of particleboard, medium-density board, laminating panel, joinery board, multilayer board and furniture. Self-support and agent of all kinds of commodities and technology import and export business. Fuyu has established warehouse marketing centers in Zhejiang, Linyi, Jiangsu and other places, and has a number of plate automatic veneering production lines, a number of double-sided hot press and other high-tech production machinery to meet the market demand. Fuyu Company has passed a number of professional certification to ensure the smooth road of plate at home and abroad. Fuyu products have been exported to many regions around the world, such as Saudi Arabia, United Arab Emirates, Vietnam, the United States and many other countries; Fuyu company is constantly growing, Fuyu company's business philosophy is: customer first, service first, all for the sake of customers for the purpose. Wood has the advantages of light weight, high ratio of strength to weight, good elasticity, impact resistance, rich texture and beautiful color, easy processing, etc., and has been listed as an important raw material since ancient times.

 

 

Due to low energy consumption, less pollution and renewable resources, wood industry also plays an important role in the national economy. Now products have been from the log at the beginning of the processed products such as pole, timber, sleepers and all sorts of lumber, develop to become useful and processed products such as building components, furniture, vehicles, ships, office accessories, packaging containers, such as wood, and wood reengineering processed products of all kinds of man-made board, glued wood, etc., so that the wood industry to form an independent industrial system. In recent years, China's real estate market is strong and the urbanization process is accelerating. Along with the improvement of national living standards, the continuous improvement of living conditions and the continuous growth of disposable income, it supports people's demand to increase the consumption of household products and enhance the taste of decoration consumption, and the consumption potential is constantly being explored.

 

 

With the development of production technology and the improvement of production efficiency in the plate processing industry, the scale of production and marketing has been continuously expanded, and China has gradually become the world's largest plate manufacturing country. The sustained and rapid development of China's economy, the continuous improvement of residents' per capita income level and the accelerating pace of urbanization construction provide a good condition for the development of China's plate industry. After years of development, China's plate market has formed a certain industrial scale. The reference to the international advanced plate, cabinet and other manufacturing and design technology, and the wide application of new technology, new materials, has greatly improved the processing technology and enterprise management level of plate processing enterprises in China.

 

 

According to the statistics of the National Bureau of Statistics, in recent years, the status of Chinese plate processing enterprises in the international market is increasing, and they have gradually become the global supply center of plate processing products. In 2017, the export delivery value of the national plate processing manufacturing industry was about 189.069 billion yuan, with a year-on-year growth of 7.4%. China has further consolidated its position as a global board supply center, and has become the world's largest exporter of board processing and wooden furniture manufacturing.

 

 

Is growing with the development of the fish company sales rising, the market demand for products also more and more big, compared to the products on the market at present, the fish products not only have good quality and the price also has a certain advantage, the user's recognition is very high, from the long-term development perspective, in order to further expand markets, expand the size of the f fish company f fish company plans to set up a subsidiary in the United States, continuation and expansion of plank, cabinets and other products business, combined with the United States market, develop the market, to lay a solid foundation for the company's long-term development.

 

 

F fish company plans to use its own funds to set up the subsidiary in the United States - wo aetna cabinet co., LTD. "HEANTAICABINETINC" (hereinafter referred to as the "hetian antai company"), as Mr Fish company in the future in the overseas important platform for carrying out foreign trade business, using the international economic area advantage, make the fish company with international capital market, use of foreign advanced technology, accelerate the fish plate, cabinets and other manufacturing company with the pace of the world. At the same time, we will take advantage of the opportunities to develop related overseas trade business in the future to better cooperate with the implementation of the national strategy of "Yangtze River Economic Belt" and respond to the national "One Belt And One Road".

 

 

3. To further promote the industrial development of Shuyang County, improve the employment rate, and play a positive role in local social stability and economic development.

 

 

(I) Basic information of the project

 

 

1. Name: Heantaicabinet Inc.

 

 

2. Registration Location: No. 20549 Valley Avenue, Wall Street, California, USA;

 

 

3. Investment amount: USD20,000.00 (equivalent to about RMB 1378,560);

 

 

4. Method of investment: Fuyu Company's own fund is RMB 1378,560 yuan (US $20,000.00), which is used as the capital source for the establishment of Heantai Company;

 

 

5. Business scope: cabinet, furniture, particleboard, MDF, laminated panel, joinery board, multilayer board, furniture production and sales; Self-support and agent of all kinds of commodities and technology import and export business.

 

 

6. Shareholder structure: Jiangsu Fuyu Decoration Materials Co., Ltd. holds 100% of the equity of the American subsidiary -- Heantaicabinet Inc.

 

 

7. Company type: limited liability company;

 

 

8. Company management: The newly established Heantaicabinet Inc is a wholly-owned subsidiary of Jiangsu Fuyu Decoration Materials Co., Ltd. Fuyu Company is its sole shareholder and appoints directors and management personnel to carry out daily management.

 

 

Jiangsu Fuyu Decoration Materials Co., Ltd. is the sole investor, exercising the shareholder rights of Wo 'antai Cabinet Co., Ltd., and undertaking relevant obligations and responsibilities. Jiangsu Fuyu Decoration Material Co., Ltd. was established on April 13, 2016, with registered capital of 10 million RMB, legal representative: Zou Honglai, registered address: located in the industrial concentration zone of Tongyang Town, Shuyang County, mainly engaged in the production and sales of particleboard, medium-density board, laminated panel, joinery board, multilayer board and furniture; Heantaicabinet inc, the American subsidiary of jiangsu fuyu decoration materials co., LTD., which is the self-supporting and agent of various kinds of commodities and technologies, has set up 4 import and export businesses (except the commodities and technologies restricted by the state or prohibited from import and export). (subject to ratification in accordance with the project, the related department approval to operate), the fish company always adhere to customer first, service to customers, insist on their own service to impress customers, the company adhering to the "quality first-class, keep the level of credibility" business philosophy, adhere to the principle of "customer first" for the general customers to provide quality services.

 

 

Jiangsu Fuyu Decoration Material Co., Ltd. is mainly engaged in the production and sales of laminating panels. The annual output is about 50,000 cubic meters, the sales volume is nearly 10 million yuan, and the monthly profit is about 500,000 to 600,000 yuan. The loan amount of payment days is 60 days, and the customers are stable for a long time. All of them are well-known foreign brand enterprises. Since its establishment, Fuyu Company has been in a good position of capital turnover. No arrears have been recorded in terms of employees' salaries, suppliers' payments and other kinds of payables. Fuyu Company has a good reputation in capital transactions with the bank and is an honest and reputable enterprise.

 

 

The new Heantaicabinet Co., Ltd. in the United States is a wholly-owned subsidiary of Jiangsu Fuyu Decoration Materials Co., Ltd. Its main business scope is the production and sales of particleboard, MDF, veneer, joinery board, multilayer board and furniture. All business related to the above. Positioned as the core of the company's overseas market development, we will play the role of the radiation center in Europe to promote the overseas market development and management of the company's products and services. As the sole shareholder, Fuyu Company shall appoint directors and management personnel to carry out daily management and undertake the business management of the overseas market development of products and services of Fuyu Company and its subsidiaries, including formulating overseas business development strategies, organizing the sales, implementation and technical services of products and services in overseas markets; To build an excellent overseas expansion and service team; Establish the overseas market support network for Fuyu products and services, and provide support for overseas customers.

 

 

(5) the subsidiary future architecture wo aetna cabinet co., LTD. (HEANTAICABINETINC) overseas development platform, management direction, and the content of the business will become more widely, to strengthen the business management, the company will according to the business content, fish project timely set up grain antai cabinet co., LTD. (HEANTAICABINETINC), form control project correspondence and risks in the whole company structure.