NYLON PRODUCTION BUSINESS PLAN IN NIGERIA
NYLON PRODUCTION BUSINESS PLAN IN NIGERIA
Nylon Production Business Plan in Nigeria
This sample Nylon Production Business Plan in Nigeria can be used for Grant Applications, Bank Loans, Proposal writing, Business Concept Note, Competitions etc. Nylon 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 Nylon Production Business Plan in Nigeria
Business: NYLON PRODUCTION
Industry: Manufacturing (Nylon Production Business plan in Nigeria)
PATILAD Nylons is a standardized Nylon Production Firm that is involved in extruding, cutting and printing of polythene (nylon) bags. We are located in Lagos state with aggressive marketing plans to serve all major cities in south-western Nigeria in five (5) years. PATILAD Nylons is a new business and is about to start the business registration process with Corporate Affairs Commission in Lagos. PATILAD Nylons is tentatively located at 35 Ogudu Road, Off Ojota, Lagos.
Packaging improves image and branding of a product, hence the need for customized nylons, product packaging, shopping bags, etc. Almost every business uses these nylon products now a days ranging from supermarkets, eateries, banks (cash bags), boutique, and bookshop to road side shops thereby creating large demand for the product hence the birth of PATILAD Nylons. Nigeria, no doubt, is both Africa’s most populated country and its largest economy but also its most important consumer of Nylons products. The demand for nylon is very extensive and occurs on a daily basis. In fact, nylon production has significant economic importance in Nigeria, owning to the variety of uses to which nylon products are put.
NYLON PRODUCTION BUSINESS PLAN IN NIGERIA
The demand for polythene (nylon) bags has been identified to continue to expand as the standard of living of the over 180 million population growing at the rate of 5.7% per annum continues to grow. The supply gap situation in Nigeria has created a market gap estimated at N 2.7 Billion annually in revenue.
Production of polythene (nylon) bags involves three {3} basic procedure which includes extruding, cutting and printing. Due to lack of funds, most entrepreneur do extrusion only.
Basically, there are two types of nylon namely the low and high-density nylons. The low-density nylon is the nylon used for wrapping bread. It is also used by dry cleaners and in pure water production. Generally, low density nylon because of their thickness does not make noise when squeezed. It varies in thickness depending on the purpose for which it is being used and what the customer wants.
NYLON PRODUCTION BUSINESS PLAN IN NIGERIA
High density nylon has more market share than low density nylon because they can carry heavier goods. Black nylons, white and black, yellow and black all fall within these categories. Generally, because of their weight, they make noise when squeezed. While individuals use nylon bags for a wide range of domestic purposes such as shopping, bagging, and covering, manufacturing businesses require nylon in large quantities for wrapping and packaging their products.
Also, as per capita income grows and more consumer products and retail store spring up, the demand for Nylons will grow. Hence starting or investing in a Nylon Production firm will prove to be a worthy investment opportunity that if rightly harnessed can produce enormous wealth.
The benefits of our products and services are
- High quality Nylons
- Excellent customer care services
- Fair and lowest possible prices
- and discount offers
Read Also: Cocoa-Farming-Processing-Business-Plan-Nigeria
Our products and services
PATILAD Nylons products are the two major types of polythene nylon bags that are mainly needed in Nigeria which are;
- Low Density Nylons: Theses type of nylons are used for packing light weight household items including bread, groceries, food packaging, etc.
- High Density Nylons: They are used for Garbage bags, Pharmaceuticals, Packaging, disposable, shopping bags and various other uses.
NYLON PRODUCTION BUSINESS PLAN IN NIGERIA
Keys to Success
The keys to success for the Nylon Production business include:
- Good factory location with proximity to high-density. commercial/residential area where Nylons are in high demand.
- Efficient and low-cost production techniques.
- Hygienic and neat processing facility.
- Outstanding customer service.
Objective for Nylon Production Business Plan in Nigeria
- Increase revenue from the sales of Nylons to N26,000,000 over a 2-year period.
- To maintain profit margins at 20-25% through close attention to expenses and cost of raw materials.
- To drive awareness and drive sales through referrals and social media campaigns.
- Attract wholesale, retail distributor, bakeries, grocery stores, etc. to our products.
- To offer high-quality Nylons and bespoke products at reasonable prices.
- To achieve net profit in year one, increasing in year two, by containing costs and meeting sales goals.
Goal for the Nylon Production Business Plan in Nigeria
To become one of the leading brands in the Nylon Production business in the South West, and also to be amongst the top 5 Nylon Producers in Nigeria within the first 10 years of operation.
Vision for the Nylon Production Business Plan in Nigeria
To grow until we become Nigeria’s number one Nylon Production firm.
Mission for the Nylon Production Business Plan in Nigeria
Our mission is to provide Nigerian with the highest quality of Nylons and Nylons products at the best possible price.
Management Team of the Nylon Production Business Plan in Nigeria
EMEKA Okonkwo – is a first-class industrialist of over twenty years whose expertise has been procured by top-notch Nylons manufacturers in Nigeria at different point in his career. He holds a B.A Industrial Chemistry from University of Nigeria, Nsukka. He is the CEO.
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.
NYLON PRODUCTION BUSINESS PLAN IN NIGERIA
We brought to the business:
- Educational skill and practical experience in Nylon Production
- 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 Nylon Production Business Plan in Nigeria
With over 10 years’ experience in Manufacturing 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 Nylon Production Business Plan in Nigeria
Land, Extruder Blowing machine, Nylon cutting machine, punching machine, sealing machine, etc.
Competitor Analysis for Nylon Production Business Plan in Nigeria
People buy from us because of the following reasons:
- State-of-the-art machines.
- Unique and well packaged products.
- Efficient production system.
- Fair and best possible prices and discount offers.
Our three major competitive advantages are:
- Efficient production system.
- Unique and well packaged products.
- Fair and best possible prices and discount offers
For the remaining part of this business Plan, including the detailed financial analysis, call any of our business plan consultants on 08105636015 or 08076359735 or send me an email at dayohub@gmail.com.
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Call any of our business plan consultants on: 08105636015, 08076359735
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