How to Start Nylon Production Business in Nigeria.
There are a lot of good business ideas in the world. Close to the top of the list would be, to start nylon production business in Nigeria. It is a profitable business in Nigeria because the demand is high. We use it for bagging, shopping, and packaging.
NYLON PRODUCTION BUSINESS IN NIGERIA; HOW IT WORKS
Nylon production business begins with the production of nylon itself. The raw material used is called B.A.S.F., Escorene or Dow is poured into a heating and melting unit. The machine used for this is known as the extruder machine. At the liquid state, it is blown through a medium.
On cooling, it turns into polythene sheets. These are later turned into bales which are cut and sealed.
The Different Types of Polythene Bags
There are two types of polythene bags. These are;
- High-density bag
- Low-density bag
Let’s delve deeper to have a better understanding.
1. High-Density Bag
As the name implies, they are known for their strength, versatility, and durability. The high-density polythene bags are used in pharmaceutical companies for packaging drugs. They are also used as garbage bags.
2. Low-Density Bags
These bags are used for packaging things like clothes, food, bread, and water.
THINGS TO CONSIDER BEFORE YOU START NYLON PRODUCTION BUSINESS IN NIGERIA
There are a couple of things you need to consider before you start nylon production in Nigeria. Of course, we have the basics of every other business such as registration and research. However, apart from these two, here are the rest.
1. Get Help
This is one of the most important parts of starting any business. This is your opportunity to know everything about the business. There are different methods of getting help. These include;
- Internship at a nylon production business in Nigeria.
- Attend nylon production seminars and trade workshops.
- Seek advice from veterans in the business.
These methods ensure that you test the waters before diving in. It’s a way of ensuring you don’t lose money.
2. Get the Capital
The money you’ll need to start nylon production business in Nigeria depends mainly on how large you want the business to be. The startup expense is quite large. If you have some money stashed away for this purpose, it’s fine. If not, consider obtaining a loan from the bank.
You’ll need as much as ₦16 million for the equipment alone. You can save ₦8 million if you have the made locally. Let’s not forget how much you’ll be spending on land and labor. In a nutshell, you’ll be spending between ₦10 million and ₦30 million for just start up.
Please note that this amount may vary depending on the location and scale of the nylon production business you intend to set up.
3. It’s All About the Location
You need to find the perfect place to locate your business. The location must be near the source of your raw material. You must have easy access to your target market to cut back the cost of transport. Most importantly, it has to be in a place that has cheap, ready labor.
No, I’m not talking about China!
Don’t forget; the place should be large enough for the nylon production machines.
4. Get Good Hands
The first set of hands you’ll require are the engineers. You’ll need their help in the installation of the machines you acquired. They have to be experienced at installing machines like this. Other employees, you’ll need include truck drivers, sales executives, product managers, machine operators, etc.
5. Do Your Research
Before you start a nylon production business in Nigeria, it is important for you to carry out the necessary research. A market survey should do. The survey should be carried out within your target market. That way, you know exactly what they want.
Some of your potential target markets include;
- Eateries and restaurants
- Fashion stores
- Water production companies
THE THINGS YOU NEED TO START NYLON PRODUCTION BUSINESS IN NIGERIA
1. Raw Materials
You’ll need to get the raw materials that are required for nylon production business. They are generally by-products of petroleum. These are;
- Master Berg
You need Master Berg to change the color of nylons. It is a coloring agent used to achieve this. Any of the other three raw material is poured into an extruder machine’s heating unit.
2. The Necessary Equipment
There are four basic machines you need to start a nylon production business in Nigeria. These are;
- Extruder Blowing Machine
- Nylon Cutting Machine
- Punching Machine
- Printing Machine
WRAPPING THINGS UP
Nylon business is super profitable in Nigeria. However, the startup cost is just as high. The idea that you need to have a standby generator for smooth running, adds to the cost of business. The readily available makes up for all the cost.
Starting a nylon business in Nigeria is profitable, but only to the few who can pay the cost to do the business.