Investment Benefit Evaluation Of Logs Harvesting And Sliced Veneer Construction Project

Nearly a decade, Russia has been China’s largest timber importing countries,annual imports of logs, sawn timber proportion of more than30%of China’s totalimports of timber. In2011, China launched the second phase of the project to protectnatural forest resources, timber production projects in the region will be further reducedto11.14million cubic meters,14.25%decrease compared to2010. Among them, thenortheast, Inner Mongolia and other key state-owned forest timber production decreased4.97million cubic meters more than in2010."Twelve Five-Year" period, China’s morethan40%of goods imported timber by timber will be resolved. The next decade, Russiawill continue to China’s largest timber importing countries. Forest resources "going out"strategy will become the inevitable trend of forest raw materials market development.Leasing subsidiary of the Chinese in the Russian Far East79,100ha forest piececonstruction harvesting an annual output of130,000cubic meters of logs and30,000cubic meters Sliced veneer construction projects, construction invest$130million forthe construction of forest roads126kilometers lumberyard6, Lenz field18and alongbridges, culverts construction, procurement Sliced veneer production line equipment64(sets),2years of construction, the production of sliced veneer logs and all for domesticbuyback, to meet the domestic demand for wood, producing annual revenues of718million yuan. Internal rate of return, investment margins and other financial indicatorswere higher than the industry basic level.Owned subsidiary in Russia in the construction of timber harvesting and slicedveneer project is a large investment in fixed assets, with a long construction period, aone-time investment in large projects, such as the characteristics of the slow recovery offunds. Therefore, before the construction of the project investment feasibility andrationality of analysis is necessary economy.The purpose of this paper is a review of Russia’s yearbook, the Internet andChinese writings online journals, information and journal articles, collate and analyzerelevant literature, access to research-related information, and then carry out furthercollation, analysis and combing, as the study the most basic information. Ownership offorest resources through domestic, domestic timber harvesting, veneer production,supply, demand and ownership of Russian forest resources, timber harvesting, veneer production, supply comparative analysis of the situation, concluded on this basis,combined with our the actual timber market situation, the relevant outcomes into study,and practice for the project.In a detailed analysis of the Russian forestry industry investment policy, the statusof regional economic development, forest reserves, forest products annual market salesprices and sales volume history, based on the combination of forest products to localmarket demand and the actual investment cost of China, Russia, the unit cost of theactual investment project economic evaluation, intended for domestic investment in theterritory of the Russian Far East factories providing real and effective learning.Through the project’s investment benefit evaluation that the project advancedproduction technology, product demand broad, obvious benefits, economically viable.