Plastic Bottle (PET) Recycling Business Plan

50,000.00 20,000.00

Plastic is the basic need of our day to day life. During recent years the plastic industry has grown with a substantial growth rate.

This growth is driven by three sectors viz packaging, infrastructure and agriculture. There are the various varieties of plastics out of which PVC (Polyvinyl chloride) and PET (Polyethyleneterephthylene) plastics have their considerable contribution. PET plastics are generally used in the manufacturing of beverage bottles for the packaging and PVC plastic is used in the production of household plastic materials.

The growing utilization of plastics in industrial and consumer applications and surrounding solid waste recycling, has led to an increased demand for recycled plastic resin sand products.

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Table of content                                                                               Page 

Executive Summary                                                                                   4

Business Description                                                                                 7

Products and services                                                                                8

Market Analysis                                                                                          9

Competitor Analysis                                                                                   11

Sales and Marketing Plan                                                                          13

Operational Plan                                                                                          17

Management plan                                                                                        21

Financial Plan and Projections                                                                 22

 

 

Executive Summary

PATILAD plastics provide a wide range of plastic solutions for household and raw material for packaging of various companies. As a part of our on-going efforts to exploit this opportunity we will recycle the plastics and then produce kitchen ware items and other related plastic material. We will also sell the recycled plastics to the companies in the plastic business. We will have a recycling plant along with the production unit. The raw material will be procured from the waste collectors. The raw material will be post consumed beverage bottles and other soft plastic materials. Our main focus is our industrial customer whom we will sell PET bottles and PET flakes. It will contribute more than 60% of our sales. We will also focus on the household plastic business which is the part of our portfolio.

The initial set upcost will be N10,000,000. PATILAD plastics will be a solution proprietorship business run by the promoter Adetiloye Dayo who is a MBA graduate with finance and marketing as specialization. Since plastic material does not carry any brand name so it will give us an addition benefit in long term to establish our brand name. To exploit the market we will use penetration pricing as our marketing strategy and utilize our stringent distribution network and strong industrial relationship. As a future plan in coming years we will increase the variety of plastics like LDPE(Low density polyethylene) and HDPE (High density polyethylene). By doing this we will be able to produce plastic carry bags and raw material for production for plastic chairs and tables and other fiber based products.

Products and Services

PATILAD Plastics provide a wide range of plastic solutions for households and raw material for packaging to the various companies. Kara Lagos State is the place where the facility will be established and other operation will commence. We will collect the plastic garbage like consumer beverage bottles, plastic bags from various garbage stores and then our recycle unit will process it which eventually be used for the production of finished goods. The plastic garbage we are getting as raw material has two components one is PVC (Polyvinyl chloride) and other is PET (Polyethylene terephthylene). Firstly, the whole garbage is melted and then PVC and PET are separated from each other by froth floatation technique.

We have a two phase project:

  • The first phase collection, cleaning and crushing and pelleting phase,
  • While the second phase will be to produce two types of replay plastics PVC (Polyvinyl chloride) and PET (Polyethylene terephthylene). We will create a plant (actual facilities to be shared with the recycling unit) to manufacture extruded plastic flakes (purified plastic). The extruded plastic is then moulded in the various products.

Current Product & Service Offering

  • Collect waste plastics from the public via scavengers
  • Treat & Recycle the waste plastics
  • Utilize the treated recycled wastes in production as well as
  • Bag and Sell off the recycled plastics granules to other plastic production plants

 

Target Market 

We have a vast market to supply, and currently we have made an agreement with five bottling companies in Lagos and Ogun who are demanding more than a tonne of plastic pellets from us per day. We also have local electronics assembly companies who have demanded for a 500kg worth of our products per month.

PATILAD PLASTICS seeks N10 million in long-term financing to cover start-up costs, equipment, building expenses, and working capital.

Funding for the launch of the business is provided primarily by equity from the partners and investors.

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