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Polypropylene (PP) Woven Sack Production In Nigeria; The Feasibility Report

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Polypropylene (PP) Woven Sack Production In Nigeria; The Feasibility Report

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Packaging fulfils the diverse role of protecting products, preventing spoilage, contamination, extending shelf life, ensuring safe storage thereby helping to make them readily available to consumers.

Product Description

Packaging fulfils the diverse role of protecting products, preventing spoilage, contamination, extending shelf life, ensuring safe storage thereby helping to make them readily available to consumers.

Polypropylene (PP) woven sacks are sacks made from polypropylene (PP) granules. Polypropylene (PP) sacks have an edge over the conventional jute sacks in the sense that the former are light in weight, strong and attractive.

These sacks are immune to the effect of corrosion, decay, moisture, atmosphere, rats, rodents, moths and insects. Being superior in quality and economic as compared to the traditional jute material, these modern sacks have gradually captured a large market for packing fertilizers, chemicals, food stuff s , animal foods, oil cakes etc.

The woven sacks industry is the single largest polypropylene (PP) granules consuming sector in Nigeria. Other raw material used in the production polypropylene (PP) woven sacks are calcium carbonate, master batch, yarn and ink.

The proposed plant would operate at 90% of the installed capacity working double shifts of twelve {12} hours each in 300 day per annum. The plant would produce 515 mm width *560 mm breadth woven bag of 80 g weigh.

Extensive market research has revealed that Polypropylene (PP) woven sacks is an everyday consumer goods in Nigeria. The market for Polypropylene (PP) woven sacks in Nigeria is national. With a population of over 165 million people and an estimated national population growth rate of 5.7% per annum ,an average economic growth rate of 3.5% per annum in the past five {5} years, Nigeria has a large market for PP woven sack.

Presently, over 350 companies are operating in the plastic sub-sector in Nigeria, with Eleme Petrochemicals Company (EPCL) being the largest and sole producer of the major industrial polymers, polyethylene (PE) and polypropylene (PP). This indeed is a significant contributor to the Gross Domestic Product (GDP) which needs protection from foreign competition.

Survey reports local polypropylene consumption figures of 16,179 tons/month, excluding imports. Whereas monthly production figures from EPCL is 5,500 – 6,000 tons/month for polypropylene.

This feasibility report seeks to examine the financial viability or otherwise of establishing a polypropylene (PP) woven sack production plant in Nigeria.

Table of Contents

EXECUTIVE SUMMARY

1.0 Business Overview

1.1 Description of the Business
1.2 Vision and Mission Statement
1.3 Business Objective
1.4 Value Proposition
1.5 Critical Success Factor of the Business
1.6 Current Status of Business
1.7 Description of the Business Industry
1.8 Contribution to Local and National Economy

2. Marketing Plan

2.1 Description of product
2.2 Product Packaging and delivery
2.3 The Opportunity
2.4 Pricing Strategy
2.5 Target Market
2.6 Distribution and Delivery Strategy
2.7 Promotional Strategy
2.8 Competition

3. Production Plan

3.1 Description of the Location
3.2 Raw Materials
3.3 Production Equipment
3.4 Production Process
3.5 Production Cost
3.6 Stock Control Process
3.7 Pre-Operating activities and expenses
3.7.1 Operating Activities and Expenses
3.8 Project Implementation Schedule

4.0 Organizational and Management Plan

4.1 Ownership of the business
4.2 Profile of the promoters
4.3 Key Management Staff
4.3.2 Management Support Units
4.4 Details of salary schedule

5. Financial Plan

5.1 Financial Assumption
5.2 Start up Capital Estimation
5.3 Source of Capital
5.4 Security of Loan
5.5 Loan Repayment Plan
5.6. Profit and Loss Account
5.7 Cash Flow Analysis
5.8 Viability Analysis

6.0 Business Risk and mitigation factor

6.1 Business Risks
6.2 SWOT Analysis

Report Details

Report Type: Feasibility Report
Formats of Delivery: EXCEL / MS WORD
No. of Pages: 43 Pages and 6 pages of Excel
Report Code: FORA/2016/PPWOVENSACKPRODUCTION/32188833
Publisher: Foraminifera Market Research
Release Date: 25/06/2016; We update our reports quarterly.
Language: English
Delivery time: 24– 48hours

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