Nigeria produces oil, which has raw materials for the manufacture of plastic products, and the plastic products produced by its domestic manufacturers are in short supply. Therefore, building a plastics factory in Nigeria has become a good investment option.
Hugo.com learned from the August 13 report of the African media "Allafrica" ​​that many plastic products such as plastic souvenirs, plastic cups, plastic toys , plastic tables and chairs and even plastic bags are all high-consumption daily consumer goods. Nigerian residents have a very high demand for plastic products, but the supply of existing plastics producers in the country cannot meet the demand.
In addition to local customers, the West African Economic Union countries (ECOWAS) also rely heavily on Nigerian manufacturers to supply plastic products. This is mainly because Nigeria has good quality raw materials and its price is reasonable.
According to the competitiveness survey data, most Nigerian plastic products companies are not fully aware of the economic benefits brought by the injection molding workshop. Even if some plastic companies have injection molding equipment, they can only produce some single plastic products. Therefore, when designing workshops and workshops, the possibility of diversified production should be considered to accommodate seasonal changes in market demand.
The raw materials for the production of plastic products are high-flow thermoplastic materials such as polyethylene and other similar materials.
In theory, the injection molding plant can be set up in any state in Nigeria, because raw materials can be easily obtained wherever they are. Plastic plant project financing includes building plants, purchasing and installing equipment, recruiting competent staff, and more.
The initial investment in a general-sized plastics plant is around 25.8 million naira. However, based on changes in various factors, the scale of investment can be reduced accordingly.
Technically, the injection molding process is also relatively simple: the plastic rice is passed through a funnel into the heating tank, heated to the desired temperature, plasticizer is added, and the fluid plastic is injected into the mold through the nozzle. Different molds are used to make different plastic products. After the raw material injected into the mold is cooled, a special tool should be used to take the injection molded part out of the mold to avoid deformation.
A general-scale plastics factory can produce 4,000 to 4,500 plastic cups a day in two shifts per day; or, in the case of two shifts, a plastic tray of 5,000 to 6,000 can be produced a day.
Marketing experts say that there are two main markets for plastic products in Nigeria: domestic and foreign markets. For the domestic market in Nigeria, there is a large demand for households. In addition, there are large demand for plastic cups, plates, chairs, containers and tools in the commissary, companies, hospitals, small clinics and hotels. The external market is mainly in West Africa, which is adjacent to Nigeria. These West African countries have underdeveloped plastic manufacturing systems and import plastic products from Nigeria every year.
Plastic-quality plates, quilts, bowls and barrels are cheaper and more durable than their counterparts in glass.
According to the general-scale plastic factory, which can produce 4,000 plastic cups per day, assuming a working day of 250 working days, 83,333 plastic cups can be produced each year. It is conservatively estimated that the price of each plastic cup is 100 naira (about 3.8 yuan), so the factory's annual gross operating income is about 5.49.9978 million naira (about 209,000 yuan). In theory, investing in plastics in Nigeria is worth recommending.
Hugo.com believes that Nigeria is located in western Africa and is the most populous country in Africa, with the economy second only to South Africa. Nigeria is rich in oil and has a certain scale of chemical industry chain. Therefore, Nigeria can supply high quality raw materials such as polyethylene and other plastic products. However, the Nigerian plastics factory has insufficient capacity to meet the needs of the local market and the export market. Therefore, Nigeria has a large space and potential in the field of plastic products. Hugo.com has learned that some Chinese plastics manufacturers have entered Nigeria and established plastics in Nigeria. A factory for bags, plastic tableware and other plastic products.
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