Production Of Plastic Water Storage Tanks In Nigeria; The Feasibility Report

Published - 26 Jan, 2019| Analyst - Foraminifera Market Research Limited| Code - fora/2019//98

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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.

Plastic tanks and water tanks store substances utilized in industrial processes, such as water, sewage, petroleum and chemicals. They are utilized in numerous industries such as the agricultural, oil/gas, water, waste treatment, medical, scientific and pharmaceutical industries. The structure of the plastic tank varies.

Common tank shapes include cylindrical, square, rectangular, hexagonal and octagonal. The heads and bottoms of plastic tanks also differ, according to their function. Tanks can vary shape and size, even within the same type of application; for example, water tanks can be cylindrical, square, or funnel-shaped, and can hold anywhere from a couple gallons of water to tens of thousands.

The rotational moulding process is the most versatile area of the plastic processing industries. Rotational moulding can be used for making stress free mouldings consisting of several layers of even different material. The rotational moulding process is adaptable to a wide range of plastic raw materials. Raw materials used for rotomoulded process are syntheric polymers in powder from or synthetic resin paste. With rotomoulding, parts can be moulded economically in a variety of shapes and sizes, many of them being impossible to produce by any other process.

Common rotationally moulded products include shipping drums, storage tanks, material handling pins, fuel tanks etc.

Plastic tanks have several advantages over the traditional steel tanks. Their seamless construction provides them with greater impact strength and superior resistance to rust, corrosion and fuel additives. These virtually indestructible tanks have a longer lifespan than steel tanks, which can fracture and leak. Plastic tanks can easily be moulded to fit tank compartments, unlike metal tanks, and are simple to install. These characteristics provide savings in size, weight and cost. Plastic tanks also cost less overall than steel tanks.

This report is to examine the financial viability or otherwise of establishing a plastic storage tanks production plant in Lagos using LLDPE Powder (Rotomoulding Grade) as the raw material.

Machinery and equipment needed includes rotational molding Machines, stainless steel moulds with auxiliary machines, transformer, project vehicles, forklift, wood pallets, AGO / PMS storage tank, generator and weighing scale.

Table of Contents

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: 252 Kgs per cycle x eight (8) cycles in twelve (12) hours = 2,016 Kgs.
Capacity Utilization: Eighty percent (80%)
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 - 34 pages and Excel - 6 pages
Report Code: fora/2019//98
Publisher: Foraminifera Market Research Limited
Price: ₦150,000
Release Date: 26 Jan, 2019 Updated quarterly.
Language: English
Delivery time: Within twenty-four (24) hours.

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