Common use of Project Scale Clause in Contracts

Project Scale. (a) The initial scale of production for the first year of the Company after its establishment is estimated to be: Wire ropes: 50,000 tons (b) As more fully described in the Feasibility Study Report, the Parties wish to expand the scale of production of wire ropes from 50,000 tons to 100,000 tons within two (2) to three (3) years after the establishment of the Company. (c) Subject to Section 5.3(b) above, the development plan and implementation schedule of the Company shall be decided by the Board based on domestic and international market conditions. In addition, the Company may expand or reduce production capacity, increase or decrease product varieties based on the capacity of the Company, the domestic and foreign market demand and other factors as decided by the Board.