production of citric acid from molasses and waste water from corn and sugar factories. What make the project economically justifiable are as follows: availability of molasses of sugar beet and corn in the region ; railway, roads, electricity, molasses and fuel; the capital needed, 50,000,000,000Rials as both current and latent; possibility of importing citric acid.
2.Estimate of Investment: US$ 28,000,000
The Foreign Side Investment percentage: 40%
The Iranian Side Investment percentage: 60%
3. Needed Foreign Investment
Capital □ Technology □ Equipment □
4. Scale of the Project (capacity, possibility of upgrading the capacity, development plans)
Production of 12,000 tons of citric acid extendable to 20,000 tons per year.
5.Estimate of Sales in Home and Foreign Markets
Percentage of sales in home markets: 50%
Percentage of sales in foreign markets: 50%
6. Kind of Joint Venture:
Joint Investment ■ Cooperation in production □
Raw materials □ Cooperation in the sales of the product □
7. Pay Back Period: 5 years
Rate of Return; 20%
Needed Working Capital: 20%
8.Present Status of the Company (name and type of the company; its current activities and its
advantages )
The name of the company is: Jovein Agricultural – Industrial Co. It producers sugar, corn for cattle food, meat and refines raw sugar.
9. Contact numbers and Addresses of the company:
Postal Address: Dasht-e-jovein, Sabzevar, Khorasan
Tel: 0098 511 2255585-2229577
Fax: 0098 511 2229578
Manager of the company: Mohammad Hosseini