PALM OIL
PROCESSING PLANT
A WORKABLE BUSINESS PLAN
PREPARED BY
UDEME U. UDO
JUNE, 2013.
TABLE OF CONTENTS
CONTENT
JUNE, 2013.
TABLE OF CONTENTS
CONTENT
PAGE
Introduction
Introduction
CHAPTER 1
1.10 Business Description
1.11 Business Goals
1.13 Return on Investment
1.12 Equity Structure
CHAPTER 2
2.0 Sources of Fund
2.10 Operating Cost
2.11 Projected Takes off Capital
CHAPTER 3
3.0 Management Team
CAPTER4
4.10 Market Size
4.11 Competition
4.12 Future Trend
CHAPTER 5
5.0 Manufacturing Process
5.10 Raw Materials
CHAPTER 6
6.0 Marketing Strategy
6.10 Prospecting Customers
6.11 Distribution Policies
6.12 Promotion Method
6.13 CONCLUSION
6.14 RECOMMENDATIONS
REFERENCES
INTRODUCTION
The Federal Government of Nigeria included vegetable oil, soap, and many other products of which palm oil and it associate product forms the main ingredient of such products amongst other in the import prohibition list.
That means that as at 2009 and beyond, no foreign product of such items was to be imported into the country.
This government policy is in the right direction.
The marginal propensity to consume in third world countries is very high. This leads to low savings, low capital formation, low investment and low productivity. The end results are the vicious circle of poverty, which without sounding a false alarm, is the picture of Nigerian economy.
In order to break this vicious circle of poverty a meticulous identification, evaluation and appraisal of viable projects in terms of small capital outlay, local raw materials availability, cheap manpower requirements and availability of sustainable high market demand, low but nonetheless appropriate technology, employment generation and incremental gain among others, have been carried out in this proposal. The end result is that toilet palm oil production, even at a small-scale level fits well technologically, the payback period short and economically very viable if properly managed.
CHAPTER 1
1.10 BUSINESS DESCRIPTION
Southern Oil Palm Nigeria Ltd will commence business in January 2015 as the division of Udemsco Industries Ltd. (UIL). UIL decided to commence palm oil production in Otoro Abak, Abak L. G. A of Akwa Ibom State or it environ because of the gap between Demand and supply of the commodity to the ever expanding Nigeria Market.
1.13 Business Goals
Udemsco Industries Ltd is in the business of palm oil production. The company Objectives is to expand local palm oil and its associate products by processes the products for direct consumption and commercial needs. The company utilizes local raw materials in the country process package and sell it as a finished production of high quality.
Our Goals includes but not limited to the following
ü Starting Small and latter growing it capital into a big conglomerates through hard work and high quality products.
ü To create employment for our unemployed youths
ü To boast local production of direct consumable goods in the country
ü To becomes the largest oil palm farm and processing company on a long run.
1.13 Return on Investment
With an initial investment
in planting of seedlings each year over a seven-year period. In the third year
the first set of trees begin to bear fruit.
The estimation in terms of the size and type of processing unit required
by the company
By establishing the block of planted areas by year so the age of the trees may be determined. The oil palm tree begins to bear fruit from the third year and the yield per tree increases progressively with age until it peaks around 20 years. The yield begins to decline from year 25 through 40 when the economic life of the tree ebbs.
Table 3 describes the potential yields of palm fruit bunches (in metric tonnes) from the planted hectares per year. Estimates in Table 3 are used to calculate the expected annual yield for each
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