The need to diversify the economy from the oil revenue cannot be overemphasized. Diversification of the economy will reduce over-dependence on oil and to some extent bring the country out of the economic doldrums. This project is one those projects that can assist the nation solve some of these economic and socials problems.
Pet bottles production plant will create more jobs and provide alternative income for Nigerians.
The Technology for Pet Bottles Production can easily be managed by middle and low level manpower.
The most prevalent form of packaging liquid products (bottled water and beverages) in Nigeria and all over the world now is Pet Bottles. The demand for Pet Bottles is very high. Consumption of pet bottles products is in the range of 200 million per day in Nigeria. The plant will definitely enjoy good patronage. Existing outfits now cannot meet demand of their patrons.
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Production technology
Pet Bottles Plant include blow moulding machine to produce pre-forms. The pre-forms are later blown into required Pet Bottles sizes and shapes depending on the requirement of the end users and the kind of mould used.
To set up the project, the initial step is the preparation of bankable feasibility study showing the technical, financial and market information about the project. This can be provided for serious minded investors. Other procedures include plant and machinery Acquisition and installation, Acquisition of appropriate accommodation, procurement of utility items and recruitment of appropriate personnel.
Profitability
Daily turnover of N750,000 has been computed. Profit margin of 40% is achievable. Annual Profit of N60 million can be realized from this project. Serious minded investors can be assisted in the realization of this dream. The project is also recommended for those who are already into bottled water and beverage production desirous of diversification and downward integration.
Olumakinde Oni
