It will cover all the aspects of the project, from analyzing the market, confirming availability of various necessities such as plant & machinery, raw materials, manufacturing techniques and forecasting financial aspects by estimating the cost of raw material, formulating the income statement, balance sheet and cash flow.Īll Amanyyoung Consulting Feasibility reports, Business plans and Market research reports are not generic but customized and tailored to suit your requirement. The detailed and comprehensive report according to scale of production cover can be made available to you on request. Gross margin from the plant is projected at 10 million Naira and profit before tax about 6.5 and 8 million Naira in the first and second year respectively. The total production Machinery cost is about 5 million Naira, Excluding Cost of Generating set and Delivery Van.Working capital is projected for 2million Naira which can however be higher depending on the financial capacity of the promoter. 4 Cavity Semi-automatic PET Blowing machine With Air Compressor.The plant has the capacity to produce PET bottles from PET Preforms. The major material used is the PET Preforms. The expertise for the plant are available locally. The Plant has been designed to use compact and cost efficient PET blowing Machinery originating from China. The Plant will handle PET Bottles Blowing for clienteles for the 500ml, 750ml and the 1,500ml Plastics types. However production commences at 80% of the installed capacity in the first year and increase thereafter until full production capacity is achieved. The Plant will have the total installed output capacity of 24,000 PET bottles Blowing Capacity per day working for 8 hours daily and 320 days in a year. Lack of Public electricity and reliance on alternate power Generator.High cost of raw materials which keeps service charges within low profitable margin.Ensuring economy of cost and production.Ensuring adequate stock of PET Preforms free from contamination.Maintaining appropriate industry standards in these case it includes Standard Organization of Nigeria certifications.Maintaining and using good PET Preforms in production.Intelligent systems for procurement, production planning, inventory control and quality assurance.Flexibility to switch production at short notice with minimum changeover times.Having the right people and the right equipment in the right places doing the right things.However to succeed in the industry requires This inevitably increases complexity in manufacturing and opportunities available. Its primary market would be the growing table water factories who outsourced PET Plastic bottle production to third parties.Īs the world invents more and more different devices to manufacture plastics, with increasingly sophisticated requirements, new Plastics bottles are developed to meet the diversifying needs of industry Innovations and mandated health, safety, and environmental concerns. The factory would handle third party blowing of PET Bottles for the Water Industries, Oil, pharmaceuticals and others. Recent McKinsey and Company reports indicates that as the Nigerian economy develops, the demand for PET plastics is estimated to rise at about 7 percent annually over the next 10 years, while its consumption would unexpectedly grow significantly, corresponding to those of other developing countries.Īlthough there are several PET bottles currently produced in Nigeria, unofficial figures indicates that the main driver of growth has been the food and beverage sector for the past 4 years, especially Table water industries which accounts of about 75% of PET usage in Nigeria. Plants that hitherto started with a single line are increasing and doubling capacity within 2 years of operation. Quality of preforms would not be compromised as only the best grade will be used in production to ensure good quality and standard output.Įconomic indices provided shows tremendous investment drives along the PET bottles production in Nigeria. Raw materials usage is the Pet preforms which will be sourced locally in Nigeria. All standards in the PET Bottles Manufacturing industry are to be adhered to including The NIS 9001:9008 quality management system. The unit will be using modern Semi Automated PET Blower machinery for production. The project describes the cost and benefits for setting up a PET Bottles and preforms production plant in Nigeria. PET BOTTLES PRODUCTION PLANT BUSINESS PLAN
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