Description

Plastic have played a vital role in the growth phase of the Nigerian economy and continue to do so. From packaging to agriculture, automobiles and electronics plastics have revolutionized all areas because of its functionality, economics, aesthetics and reliability.

Plastic have made all products affordable to the Nigerian consumer and have helped in raising the lifestyle of the common man. Consequently, a lot more products manufactured in Nigeria today either contain plastics or are contained in plastics.

Small size plastic containers are used for packing of drugs, pharmaceuticals, insecticides, food items etc. The plastic blow moulded containers are made from HDPE, HMHDPE, LDPE, PP etc. Blow moulded plastic containers are finding great demand in modern era.

This report is to examine the financial viability or otherwise of establishing a plastic container (jerry can) production plant in Lagos using High-density polyethylene (HDPE) as the raw material. Though there are lot of products can be manufactured by blow moulding technology, Initially, we intend producing 5 Litre, 10 Litre, 25 Litre and 50 Liters filling capacity targeting households/family and the oil /gas industry.

The proposed plant comprises of one set of double station 5 L High-density polyethylene (HDPE) plastic containers (jerry cans) plant that can produce 1L – 5L containers (1 L – 4L containers are mainly used in the packaging of lubricant oil while the 5 L are used in households), one set of single station 10 L High-density polyethylene (HDPE) plastic containers (jerry cans) plant that can produce 10 L containers (mainly used in households), one single Station 25 L High-density polyethylene (HDPE) plastic containers (jerry cans) plant that can produce 25 L containers (mainly used in the lubricant oil packaging and household) and  one single Station 60 L High-density polyethylene (HDPE) plastic containers (jerry cans) plant that can produce 50L – 80 L containers (mainly for household use).