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PAINT PRODUCTION BUSINESS PLAN SAMPLE
1.0. Industry Overview
Pros in the paint manufacturing industry produce various kinds of paints, timber finishes and other surface coating products to decorate and protect surfaces against wear, weather and corrosion. Key products produce by the paint manufacturing industry includes paints, varnishes, lacquers and stains, as well as fillers, putties, paint thinners and removers. This industry does not produce artists’ paint.
Over the past few years, The Paint manufacturing industry has availed from the booming economy and consequently experienced steady income growth. Given the shifts in demand, the industry has experienced unstable raw material costs and strict government regulations regarding the chemical composition of paint. The paint manufacturing industry is profitable with a free entrance for new entrepreneurs that want to establish their own business.
Glossy Paints Nigeria PLC is a licenced paint manufacturing company that will be located in Ikeja, Lagos; in a perfect location, very suitable for the kind of manufacturing business we want to establish. We intend to establish a standard paint manufacturing which is why we secured a big facility that fits into the design of the kind of manufacturing company we have in mind.
Glossy Paints Nigeria PLC is set to services a wide range of clientele in and around Ikeja, Lagos. We will be involved in the production of paints, varnishes, lacquers, stains and other related products.
To favourably compete, we have spent time and resources to carry out feasibility studies and market surveys to be well-positioned among all our competitors.
We will ensure that we hold ourselves accountable to the highest standards by meeting our customers’ needs precisely and completely whenever they patronize our products and also demonstrate our commitment to sustainability, both individually and as a firm, by actively participating in our communities and integrating sustainable business practices wherever possible at all time.
Glossy Paints Nigeria PLC is a family business that is owned by Sam Adebiyi and his family. Sam Adebiyi has a Degree: B.S. in Chemical Engineering from the University of Ibadan and an MBA from Lagos State University, with over 15 years experience in the paint manufacturing industry, working for some of the leading brands in Nigeria.
Our product includes the following;
- Architectural coatings
- Enamel paints and latex paints
- Epoxy coatings made from purchased resins
- Industrial product finishes and coatings
- Paint thinner and reducer preparations, paintbrush cleaners and paint and varnish removers
- Polyurethane coatings
- Powder coatings
- Varnishes, lacquers, shellac and stains
Our Mission and Vision Statement
- Our vision is to become one of the best brands in the paint manufacturing industry in the whole of Nigeria.
- Our mission is to establish a world-class paint manufacturing business whose products will not only be retailed and use in Nigeria but also be exported to other countries of the world.
Our Business Structure
Glossy Paints Nigeria PLC does not plan to start a paint manufacturing business as the usual business; our intention of starting a paint manufacturing company is to build a standard business whose products will be exported to other countries of the world. We will ensure that we put the right structure in place that will support the kind of growth that we have in mind while setting up the business.
Given that, we have decided to hire qualified and adequate workers to occupy the following positions;
- Chief Executive Officer (Owner)
- Plant Manager
- Human Resources and Admin Manager
- Sales and Marketing Manager
- Paint Machine Operator
- Customer Services Executive/Front Desk Officer
Our core strength lies in the high quality of our products, the state of the art paint manufacturing plant that we own and the power of our team.
A major weakness that may count against us is the fact that we are a new paint manufacturing company and we don’t have the financial capacity to compete with multi-million naira paint manufacturing companies in Nigeria.
The fact that we are going to be operating our paint manufacturing company in Lagos presents us with limitless opportunities to sell our products to a large number of individuals and organizations.
Just like any other business, one of the major threats that we are likely going to face is the economic downturn. It is a fact that an economic downturn affects purchasing/spending power. Another threat that may likely confront us is the arrival of a new paint manufacturing company in the same location where ours is located. So also, unfavourable government policies may pose a threat for businesses such as ours.
Our Target Market
We have conducted our market research and feasibility studies and we have ideas of what our target market would be expecting from us. We are in business to manufacture a wide range of paints and related products for the following clients;
- Home remodelling companies
- Construction companies
- Building materials dealers
- Carpenters and furniture manufacturing companies
- Roofing construction manufacturing companies
Sources of Income
Glossy Paints Nigeria PLC will generate income by selling the following products;
- Architectural coatings, enamel paints and latex paints, epoxy coatings made from purchased resins, industrial product finishes and coatings, paint thinner and reducer preparation.
- Powder coatings, varnishes, lacquers, shellac and stains, water repellant coatings for wood, concrete and masonry, and wood fillers, primers and putty.
Want the complete paint manufacturing business plan sample?
How To Download Paint Business plan Template PDF and Doc (With financial analysis)
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Name: Oyewole Abidemi (I am putting my name and not our company account so you know I am real and you can trust me, and trace me)
P.S: We can also tailor the Paint Production Business plan to your name, business size, capital requirements, and more to fit your direct needs. Call or message +234 701 754 2853 for inquiries.