Interlocking tile is an important building and construction material used in recent times. Now, interlocking tiles are used for compound flooring of modern houses. It’s also used for floors of modern bustops, kerbs and city work ways. In Nigeria, the demand for interlocking tiles is in the region of hundreds of millions annually.
The major material used to make interlocking tiles is the plastic moulds- which are in short supply and also in very high demand. Investors can cash on this opportunity to improve their economic well-beings and also produce jobs for lots of Nigerians.
Currently, the existing industries are enjoying good patronage and cannot meet the demand of their customers. Existing customers deposit money in advance for the supply of finished products.
The beauty of this project is the fact that plastic wastes are the major raw material, which can be procured at a very low price to produce premium products. The project is more or less like turning wastes to wealth. Other justifications of this investment are technical feasibility, economic viability and social vices reduction.
Technical information: The project entails procurement of plastic blow moulding machines, installation and test running, appointment of suppliers of plastic wastes (whole or crushed ones), installation of utility items such as generator and water supply system. Implementation procedures include feasibility study preparation, site procurement, plant and machinery sourcing including moulds, recruitment of appropriate personnel, sourcing of raw materials and project take-off. Serious minded investors will be guided accordingly.
FINANCIAL IMPLICATION
- Pre-investments: N500, 000
- Accommodation: N5, 000, 000
- Plant and machinery: N25,000, 000
- Utilities: N10,000, 000
- Take off working capital: N5, 000, 000
Total project cost: N45, 500, 000
PROFITABILITY ANALYSIS
- Annual turnover: N240, 000, 000
- Annual profit after tax: 30% of annual turnover
- %return on investment: 160%
This is no doubt a good investment opportunity for Nigerians.
-Credit: www.businessdayonline.com
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