1. Project

Hamhung Daesong Rubber Processing Factory

2. Purpose of the Project

This project is aimed at meeting domestic demands for rubber goods by applying scrap tyres required for producing different kinds of rubber goods incl. recycled rubber, rubber blocks and rubber powder.

3. Location

Naeho-dong, Hungnam District, Hamhung City, South Hamgyong Province, DPR Korea

4. Current state and Investment direction

With its processing workplaces & warehouses covering large area, skilled & experienced manpower, stable power supply being connected to national power grid, it has advantages of high production capacity. Meantime, it is located nearby Hungnam Port, ensuring easy access to port.

5. Details of Required Investment 

- Total Investment: US$ 500 000

- In-kind Investment: scrap & secondhand tyres

6. Marketing

Mainly for domestic market

7. Type of Business and Term of Existence

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

Term of Existence: 20 years

8. Estimated Economic Effectiveness

Annual sales: US$ 2 million 

Total profit: US$ 800 000 

Profit of the proponent: 200 000 US$

9. Proposed by

Korea Pochon Trading Company

Tel: 00850-2-18111(222) ext. 381-8551

Fax: 00850-2-381-4559

E-mail: greatesage514@star-co.net.kp