Investing in concrete electric pole manufacturing

The project is seeing as an addition to the production sector. Expansion of the productive sector will improve the Gross National Product level, create employment, reduce social vices and see to the equitable distribution of income among Nigerians.

This project will guarantee rural development, it will stem rural-urban migration and development of rural areas will discourage people migrating to the urban areas.

The project will indirectly contribute to increased food production as development of rural infrastructure will assist rural farmers in the farms. Increased food production will at the end of the day help the country to attain self reliance. The market for the product is guaranteed as the requirement of MDG for electric poles is in millions.

Technical information

To set up an electric pole manufacturing company, a sizeable parcel of land is acquired where the relevant equipment are installed. The equipment needed are concrete mixers steel moulds, vibrator, stressing machine, over head crane, self loader trucks, generator, and welding machine.

Production process involves concrete mixing, filling of the already made moulds with mixed concrete steel, moulds will have appropriate reinforcement and stressed to the required kilonenton per square millimetre. Other processes are vibration, curing and drying for 48 hours after which demoulding takes place.

Suggested sponsors

The project can be sponsored by the following group of investors:

• Corporate Bodies;

• Electrical contracting companies wanting to diversify;

• Investment companies;

• State governments (like a parastal);

• Federal government (like a parastatal);

• Local governments; and

• High net worth investors.

Genuine and serious minded investors can be assisted in the establishment of the project.

A bankable and comprehensive feasibility study is a pre-requisite to finance sourcing. This can be carried out for prospective investors.

Profitability

The project has the capacity of producing 1200 poles per month. A pre-stressed pole sells for N20,000.

This translates to a monthly turnover of N24, million and an annual turnover of N288 million. 35 percent profit margin has been computed. This translated to annual profit of N100.8 million. This is no doubt a profitable ventures recommended for forward looking and result oriented business organizations.