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Paint production is an important industry in Nigeria, as paints are used for various purposes such as decoration, protection, and preservation of buildings, machines, and equipment. Nigeria has a large market for paints due to its growing construction industry and the need for the maintenance of existing structures. Here are some important things to note about paint production in Nigeria:
Raw Materials: The main raw materials used for paint production in Nigeria are resins, pigments, solvents, additives, and fillers. Some of these raw materials are imported, while others can be sourced locally.
Manufacturing Process: The manufacturing process for paint production involves mixing the raw materials in specific proportions, grinding the mixture to achieve the desired particle size, and then adding the necessary additives and solvents to achieve the desired characteristics of the paint.
Market: The Nigerian paint market is growing, with an increasing demand for decorative paints and industrial coatings. Major players in the industry include Berger Paints Nigeria, Portland Paints and Products Nigeria, and Chemical and Allied Products (CAP) Plc.
Regulations: The Standards Organisation of Nigeria (SON) is the regulatory body responsible for ensuring that paint products meet the required quality standards. Manufacturers must comply with the standards set by SON to ensure that their products are safe for use.
Challenges: Some of the challenges facing the paint industry in Nigeria include the high cost of raw materials, inconsistent power supply, and competition from imported paints.
Despite the challenges, paint production remains an important industry in Nigeria, with opportunities for growth and investment.
1.0. Executive Summary
Glossy Paints Nigeria PLC is a licensed paint production firm that will be based in Ikeja, Lagos. This is an ideal location for the type of manufacturing business that we want to develop. We plan to develop a standard paint production firm, which is why we obtained a large facility that suits the concept of the type of manufacturing company we envision.
Glossy Paints Nigeria PLC will serve a diverse clientele in and around Ikeja, Lagos. We will manufacture paints, varnishes, lacquers, stains, and other related items.
To compete favorably, we have spent time and money doing feasibility studies and market surveys in order to be well-positioned among all of our rivals.
We will hold ourselves to the highest standards by meeting our customers needs precisely and completely whenever they use our products, and we will also demonstrate our commitment to sustainability, both individually and as a company, by actively participating in our communities and incorporating sustainable business practices wherever possible at all times.
Sam Adebiyi and his family operate Glossy Paints Nigeria PLC, a family company. Sam Adebiyi holds a B.S. in Chemical Engineering from the University of Ibadan and an MBA from Lagos State University, as well as over 15 years of expertise in the paint production sector, having worked for some of Nigeria’s largest companies.
2.0. OUR PRODUCTS AND SERVICES
Our product includes the following features:
- Coatings for buildings
- Latex paints and enamel paints
- Epoxy coatings created with bought resins
- Coatings and finishes for industrial products
- Preparations for paint thinners and reducers, paintbrush cleansers, and paint and varnish removers
- Coatings made of polyurethane
- Coatings in powder form
- Varnishes, lacquers, shellac, and stains are all examples of finishes.
3.0. Mission and Vision
- Our goal is to become one of the greatest brands in the Nigerian paint production sector.
- Our goal is to build a world-class paint manufacturing company whose products will not only be sold and used in Nigeria but will also be exported to other nations across the world.
4.0. Our Organizational Structure
Glossy Paints Nigeria PLC does not want to launch a paint production business in the traditional sense; rather, we intend to establish a standard business whose goods will be sold to other nations across the world. We will guarantee that the proper framework is in place to accommodate the type of development that we envision when we set up the firm.
As a result, we have chosen to hire skilled and suitable employees to fill the following positions:
- Executive Vice President (Owner)
- Accountants/Cashiers
- Customer Services Executive/Front Desk
- Officer Plant
- Manager
- Human Resources and Admin Manager
- Sales and Marketing Manager
- Paint Machine Operator
Strength
Our fundamental strengths are the excellent quality of our goods, our state-of-the-art paint manufacturing facilities, and the strength of our workforce.
Weakness
One significant disadvantage is that we are a new paint production firm with insufficient financial resources to compete with multi-million naira paint manufacturing enterprises in Nigeria.
Opportunities
Because we will be running our paint production firm in Lagos, we will have an unlimited number of possibilities to sell our goods to a big number of individuals and organizations.
Threat
One of the primary challenges that we are likely to confront, like any other firm, is the economic slump. It is true that an economic slump has an impact on purchasing/spending power. Another potential threat is the establishment of a new paint production firm in the same location as ours. Unfavorable government policies may potentially pose a danger to enterprises like ours.
5.0. Our Target Audience
We’ve done our market research and feasibility studies, and we know what our target market expects from us. We are in the business of producing a wide range of paints and associated goods for the following customers:
- Home improvement firms
- Construction firms
- Suppliers of construction materials
- Painters, carpenters, and furniture manufacturers
- Manufacturing firms for roofing construction
6.0. Income Sources
Glossy Paints Nigeria PLC will make money by selling the following items:
- Architectural coatings, enamel, and latex paints, epoxy coatings created from bought resins, industrial product finishes and coatings, paint thinner and reducer preparation.
- Water-repellent coatings for wood, concrete, and masonry, as well as wood fillers, primers, and putty.
Do you want a full paint manufacturing feasibility analysis sample?
How To Download Paint Production feasibility Study PDF and Doc (With financial analysis)
Pay the sum of N5000 (Five thousand naira only) to the account detail below:
Bank: GTBank
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)
Ac/No: 0238933625
Type: Saving
P.S: We can also tailor the Paint Production feasibility study and 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.
