5 L – 50 L HDPE plastic containers production in Nigeria; The feasibility report.

Published - 28 Feb, 2019| Analyst - Foraminifera Market Research Limited| Code - fora/2019/h5pleld05p/684

Select Report Format

Subtotal 150,000

Best Price Guaranteed*

Plastic have played a vital role in the growth phase of the Nigerian economy and continue to do so. From packaging to agriculture, automobiles and electronics plastics have revolutionized all areas because of its functionality, economics, aesthetics and reliability.

Plastic have made all products affordable to the Nigerian consumer and have helped in raising the lifestyle of the common man. Consequently, a lot more products manufactured in Nigeria today either contain plastics or are contained in plastics.

Small size plastic containers are used for packing of drugs, pharmaceuticals, insecticides, food items etc. The plastic blow moulded containers are made from HDPE, HMHDPE, LDPE, PP etc. Blow moulded plastic containers are finding great demand in modern era.

This report is to examine the financial viability or otherwise of establishing a plastic container (jerry can) production plant in Lagos using High-density polyethylene (HDPE) as the raw material.

Though there are lot of products can be manufactured by blow moulding technology, Initially, we intend producing 5 Litre, 10 Litre, 25 Litre and 50 Liters filling capacity targeting households/family and the oil /gas industry.

The proposed plant comprises of one set of double station 5 L High-density polyethylene (HDPE) plastic containers (jerry cans) plant that can produce 1L – 5L containers (1 L – 4L containers are mainly used in the packaging of lubricant oil while the 5 L are used in households), one set of single station 10 L High-density polyethylene (HDPE) plastic containers (jerry cans) plant that can produce 10 L containers (mainly used in households), one single Station 25 L High-density polyethylene (HDPE) plastic containers (jerry cans) plant that can produce 25 L containers (mainly used in the lubricant oil packaging and household) and one single Station 60 L High-density polyethylene (HDPE) plastic containers (jerry cans) plant that can produce 50L – 80 L containers (mainly for household use).

The output of the machine is a function of the capacity as well as the thickness of the product to be produced. Because of the different thickness of the product that can be produced for use in different industries, we would provide insight on the household and lubricant oil market for the product.

The lubricant market requires the following sizes and minimum thickness 1L – 70g weight, 4L – 240 g and 25 L – 1.4 kg while the household market requires the following sizes and minimum thickness 5L- 150g, 10 L- 300g, 25 L – 750g and 50 L – 1,500g.

Not only are the weight containers used in the lubricant market higher, they are also more expensive than the products in the household market.

Each plant comprises of extrusion blow molding machine, auto-loader, chiller, crusher, compressor, mixer and molds. Other auxiliary machine includes leakage tester, in-mould labeler etc

The plant would operate at seventy-five percent (75%) of the installed capacity for double (2) shifts of eight (8) hours each in the first, second, third, fourth and fifth year of operations respectively and producing 216,000 pcs of 5L High-density polyethylene (HDPE) plastic container (jerry can)of 150 g weight each, 124,000 pcs of 10 L High-density polyethylene (HDPE) plastic containers (jerry can) of 300 g weight each, 60,000 pcs of 25 L High-density polyethylene (HDPE) plastic containers (jerry can) of 750 g weight each and 36,000 pcs of 50 L High-density polyethylene (HDPE) plastic container (jerry can)of 1,500 g weight each bi-monthly.

Table of Contents

EXECUTIVE SUMMARY 1.0 Business Overview 1.1 Description of the Business 1.2 Vision and Mission Statement 1.3 Value Proposition 1.4 Critical Success Factor of the Business 1.5 Current Status of Business 1.6 Description of the Business Industry 1.7 Contribution to Local and National Economy 2. Marketing Plan 2.1 Description of product 2.2 Product 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 Analysis 5.7 Cash flow Analysis 5.8 Viability Analysis 6.0 Business Risk and mitigation factor 6.1 Business Risks 6.2 SWOT Analysis

Project Specification:

Plant Capacity: Double station 5 L HDPE plastic containers plant, one set of single station 10 L HDPE plastic containers plant, one single Station 25 L HDPE plastic containers plant and one single Station 60 L HDPE plastic containers plant
Capacity Utilization: Seventy-five percent (75%)
Loan Tenor: Sixty (60) months
Interest Rate: Twenty-five percent (25%)
Moratorium: Twelve (12) months

Additional Info

Report Type: feasibility report
Formats of Delivery:
No. of Pages: MS Word - 33 pages and Excel - 6 pages
Report Code: fora/2019/h5pleld05p/684
Publisher: Foraminifera Market Research Limited
Price: ₦150,000
Release Date: 28 Feb, 2019 Updated quarterly.
Language: English
Delivery time: Within twenty-four (24) hours.

Get this Report

Direct bank transfer

To order the report, Please do pay the sum of ₦150,000 into

Bank Name : Eco Bank Plc
Account Name : Foraminifera Market Research Ltd
Account Number : 274 20 569 37
Bank Name : United Bank for Africa (UBA)
Account Name : Foraminifera Market Research Ltd
Account Number : 101 76 603 95
Bank Name : Guaranty Trust Bank Plc (GTB)
Account Name : Foraminifera Ventures
Account Number : 011 66 066 32

Make your payment directly into our bank account. Please use your Order ID as the payment reference. Your order will not be shipped until the funds have cleared in our account.

Instructions

After payment call us on 01 -29 52 413 / 08033782777 or email us at foraminiferamarketresearch@yahoo.com with the payment details. After payment confirmation, the soft copy of the report would be sent to you within 24 hours.