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n Journal of Emerging Trends in Engineering and Applied Sciences - Investment analysis for the establishment of a plant for manufacturing gas-fired furnaces for non-ferrous metals

Volume 2, Issue 2
  • ISSN : 2141-7016
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Abstract

Towards the local production of furnaces which will make possible the processing of non-ferrous metals and thus stimulate industrial growth and also contribute to governmentâ??s present efforts at solid mineral resources development, an investment analysis for the establishment of a plant for manufacturing gas-fired furnaces for non-ferrous metals was carried out. The analysis was done for a manufacturing plant with an installed capacity of 120 units of the furnace per annum. The furnace capacity is 27.3kg/hr of aluminium and is suitable for small scale industrial production. As part of the methodology, a market analysis, the required equipment, materials, and the human resource requirements are presented. The financial aspect is also presented and the financial and break even analysis were carried out. The market analysis confirms a ready market for the product and the required total capital investment for the plant is approximately, ₦42.5 million Naira. The estimated annual profit is approximately ₦27.1 million. The financial analysis shows that the investment is a profitable venture with a good profitability ratio and rate of return. The payback period for the venture is less than 2 years.

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/content/sl_jeteas/2/2/EJC138547
2011-04-01
2019-09-16

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