How to Start Plastic Production Business in Nigeria

How to start Plastic Production Business in Nigeria

Plastic Products Making is a profitable idea for the home-based small business.
Plastic has taken very important place in our life.
We can not imagine the world without an use of plastic.
The requirement of plastic product is growing very fast in all over the world.

Plastic Production Business

How to start Plastic Production Business

Demand and Market of Plastic

You can make plastic cup, plastic mug, buckets, chair, table, plastic bag, all type of plastic kitchen product, plastic

stationary product as pen, pencil box, launch box, water bottles, plastic toys, plastic cover, soap cases, PVC pipe,

plastic door, plastic sheet and many other lots of products of plastic by this small business product machines.

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Plastic Production Business Plan

Crafting a detail Business Plan is important in starting small plastic products making business.

Selecting the right product is important. According to the demand of your local area select the right product.

After that only you can calculate startup budget including machinery, raw materials and other expenses.

This will help you in understanding the business feasibility.

Arranging finance you can avail term loan for purchasing machinery.

And apply for a cash credit for working capital cost.

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Small Plastic Products Making Machine:-

At first you have to buy plastic beads from the market.

Put these plastic beads on the hopper of the machine.

The plastic beads will melt.

Now set the dies you want and press the handle.

Your desired product will be made automatically.

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How to start Plastic Production Business

Business Registration:

If you want to do legitimate business in Nigeria, then you must register your business.

This is the requirement of the law in Nigeria.

You can register your business all by yourselves without the need of a Lawyer.

However, it depends on the size of your business.

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The types for business registration in Nigeria are:

(a) Business Name Registration

(b) Private Limited Company (LTD)

(c) Public Limited Company (PLC)

(d) Company Limited by Guarantee (LTD/GTE)

(e) Unlimited Company (ULTD)

(f) Incorporated Trustee

Business Name and Private Limited Company are the two most popular.

And most relevant to small and medium scale Entrepreneurs in Nigeria.

Read also: How to Register Your Business in Nigeria


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