TIN TOMATO PASTE PRODUCTION BUSINESS PLAN IN NIGERIA
Tin Tomato Paste Production Business Plan in Nigeria
This sample Tin Tomato Paste Production Business Plan in Nigeria can be used for Grant Applications, Bank Loans, Proposal writing, Business Concept Note, Competitions etc. Tin Tomato Paste Production Business Plan is a lucrative business that needs a lot of strategic Planning to start and a business coach like Dayo Adetiloye to help you start the Implementation.
Business Description of Tin Tomato Paste Production Business Plan in Nigeria
Business: TIN TOMATO PASTE PRODUCTION
Industry: Agro-Processing (Tin Tomato Paste Production Business plan in Nigeria)
PATILAD WONDERS is a processing plant based at Ikire, Osun State that produces tomato paste, puree, ketch up, juice and sauce, dried tomatoes, etc. We also involve in export services of tomato products to countries outside Nigeria. Our manufacturing process is made up of the most modern technology of vacuum evaporation through the use of forced circulation evaporators/scrapped surface evaporators. The increasing demand for tomato products is increasing by the day thereby, showing a glowing future and growth for us. Our business is set up with a clear, dedicated and committed vision to excel and grow into one of the best Agro based industries in Nigeria.
Nigeria is simultaneously the world’s 13th largest tomato producer and the world’s largest importer of tomato paste. Although approximately 200,000 Nigerian farmers grow over 1.5 million metric tonnes of tomatoes every year, half of their harvest is lost before reaching the market, and the remaining 50% is subject to significant downward pressure on price due to common gluts in the markets and the perishable nature of the crop. Farmers, who are among Nigeria’s most financially vulnerable population, bear the burden of both these post-harvest losses and this price uncertainty. Smallholder tomato farmers lack access to a consistent, large market for their produce, rendering them unable to consistently make a profit and dis-incentivized to increase their yields or change their farming practices. As a result, domestic supply cannot meet local demand for fresh tomatoes, which exceeds 2 million metric tonnes or $2.5 billion annually. The country supplements local demand for fresh tomatoes with $360 million (over 300,000 metric tonnes) of imported tomato paste annually. Nigeria is the most populous country in Africa and the seventh most populous in the world – its population is expected to grow from 170 million today to over 440 million by 2050. This has grave implications for the country’s food security situation, given that it is heavily dependent on food imports. If global food prices were to spike and drive up the price of imports, as they did in 2007-2008, Nigeria would struggle to feed its population.
Tomatoes processing industry, in general, is showing signs of healthy growth with expanding product range and increased acceptability in the local market. Favorable natural environment, increasing population, rising demand for processed vegetables and fruits, and lower cost of the factor of production are some of the factors that can contribute towards sustained high growth rate in this particular sector. The derivatives of tomato like paste, juice, ketchup, etc. are widely used in kitchens all around the world. With the increasing affluence of the world, its demand has increased very rapidly resulting in wide scale development of tomato industry for production of tomato paste/puree. Despite this advantage, Nigeria imports processed tomato paste to the tune of 65,809 tons valued at N11.7 billion ($77.167 million) annually. The reason for this is not far-fetched; not less than 50 per cent of the tomato produced in the country is lost due to lack of preservation. According to World Food Science, about 30-50 per cent of perishable produce are lost after harvest due to poor storage system and humid weather condition exacerbated by poor marketing distribution and access to markets.
We at PATILAD WONDERS believe that our plant will have tomato processing capacity of about 1,500 tons per day between the months of October and April of the year 2019. We plan to make arrangements for skilled, semi-skilled and unskilled manpower, raw materials and plant housing as necessary for the success for our business.
The benefits of our products and services are
- Availability of several varieties of goods and products meeting the need of a wide range of class of people.
- Provision of quality products and friendly service.
- Excellent customer care services.
- Fair and lowest possible prices.
Our products and services
PATILAD WONDERS will produce quality canned Tomato paste, Tomato Ketchup, sauce, juice for local consumption and for export. It is our hope to provide excellent customer service for our customers and suppliers. Below are the products we wish to provide:
- Tomato Paste
- Tomato Ketchup
- Dried Tomatoes
- Tomato Powder
- Tomato juice and sauce
- Export services
Keys to Success
The keys to success for the law business include:
- Building trust with clients.
- A group of experienced staffs with a broad range of specialty areas that complement each other.
- Large facility space with visbility.
Objective for Tin Tomato Paste Production Business Plan in Nigeria
- To offer high-quality services and a wonderful experience at reasonable prices.
- To create products whose primary goal is to exceed customer’s expectations.
- To achieve net profit of $60,000 in four years.
- To boost image and awareness by establishing baseline customer satisfaction of 100%.
Goal for the Tin Tomato Paste Production Business Plan in Nigeria
To become one of the leading brands in the Tomato farming business in the South West, and also to be amongst the top 5 Tomato Farmers in Nigeria within the first 10 years of operation.
Vision for the Tin Tomato Paste Production Business Plan in Nigeria
To become one of the leading ventures in the Agro-processing industry in Nigeria and beyond.
Mission for the Tin Tomato Paste Production Business Plan in Nigeria
Our mission is to provide tomato products to Nigerian citizens. We understand that the customer service we provide is extremely important, because we want each customer to have a pleasant experience with our goods, and it is the intention of our staffs to answer questions with expertise and to offer advice when we feel it is needed.
Management Team of the Tin Tomato Paste Production Business Plan in Nigeria
EMEKA Emekus – has over 10 years of experience having worked in a Tomato processing plant and will bring his vast experience to bear in this business. He is an experienced businessman and entrepreneur and one who has a B.Sc in Soil Science as well as a Master’s Degree from a prestigious business school.
Mr Dayo Adetiloye – (B. Agric., MBA, and PMP): He has over 15 years’ experience in business management, business start-up dynamics, financial management of business and overall business growth and development. He is an alumnus of Enterprise Development Centre (EDC) of the Lagos Business School (LBS), Pan African University (PAU). He is our business development strategist and a strategic partner.
We brought to the business:
- Educational skill and practical experience in Tomato farming
- Capacity to consistently provide outstanding service.
- Quality processed product and good understanding of the market trend.
- Our staff brings operational, marketing and promotional skills to the business.
Management experience gained for the Tin Tomato Paste Production Business Plan in Nigeria
With over 10 years’ experience in Agro-Processing Industry and numerous exposure to both the scientific and practical aspect of services, I’ve being able to master the technical requirements, financial management, staff recruitment and organization skills among other things necessary to give the industry good commendation from our clients.
My managerial skill has also helped in putting together a workforce for over 5 years, which will also help me to coordinate the team work in most aspect of the company.
I am the CEO of the company overseeing the day to day activities of the business.
Materials and Machine for Tin Tomato Paste Production Business Plan in Nigeria
Piece of land, power generating set, fine pulper, steam jacketed kettles, screw pump, storage tank. Fruit mill, boiler, steam piping, water chiller, delivery truck, tomato paste form fill and seal machine, SS tank, steam pressure reducing station, etc.
Competitor Analysis for Tin Tomato Paste Production Business Plan in Nigeria
People buy from us because of the following reasons:
- Efficient production and utilizing greenhouses.
- Unique and well packaged products.
- Core experienced and highly qualified staffs.
- Fair and best possible prices and discount offers.
Our three major competitive advantages are:
- Efficient production and utilizing greenhouses.
- Unique and well packaged products.
- Fair and best possible prices and discount offers
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BUSINESS CONSULTANT- AUTHOR - SPEAKER - SERIAL ENTREPRENEUR - BUSINESS COACH
He is an alumnus of Enterprise Development Centre (EDC) of the Lagos Business School (LBS), Pan-Atlantic University (PAU). Through his training, mentoring, speaking and coaching programmes, he has empowered many young people over the years to start and grow their own business, build wealth, create multiple streams of income and achieve financial independence.
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