ADHESIVE TAPE & PACKAGING MATERIALS PRODUCTION BUSINESS PLAN

TABLE OF CONTENTS

1.0     Executive Summary

1.1     Business Overview

1.2     Vision and Mission Statements

1.3     Objectives

1.4     Products and Services

1.5     Market Opportunity

1.6     Competitive Advantage

1.7     Ownership and Legal Structure

1.8     Capital Requirement and Funding Plan

1.9     Financial Highlights

1.10   Summary of Objectives

2.0     Company Description

2.1     Business Name and Location

2.2     Industry Background

2.3     Company Ownership and Legal Structure

2.4     Start-Up Summary

2.5     Operational Objectives

2.6     Strategic Position

3.0     Industry Analysis

3.1     Market Size and Growth

3.2     Industry Drivers

4.0     Market Trends

5.0     Target Market Segmentation

6.0     Competitive Landscape

6.1     Key Competitors

6.2     Competitive Advantages of Tapes & Seal Nigeria Ltd.

7.0     SWOT Analysis

8.0     Marketing Strategy

8.1     Product Strategy

8.2     Pricing Strategy

8.3     Promotion Strategy

8.4     Distribution Strategy

8.5     Customer Relationship Management (CRM)

9.0     Production Plan & Technology Overview

9.1     Detailed Process Flow

9.2     Equipment List and Estimated CAPEX (₦)

9.3     Factory Layout Summary

9.4     5-Year Financial Model Inputs

10.1.1 Raw Material Basket & Unit Costs

10.1.2 Labor and Utilities

10.1.3 Production Yield and Output

10.2   Sample Profit & Loss Projection (₦)

10.2 Breakeven Analysis

11.0   Organizational & Management Structure

11.1 Organizational Chart

11.2 Management Roles and Responsibilities

11.3 Human Resource Development Plan

12.0 Operational Plan

12.1 Production Operations

12.2 Supply Chain and Inventory Management

12.3 Quality Control Procedures

12.4 Maintenance and Facility Management

13.0 Implementation Timeline

13.1 Pre-Operational Activities

13.2 Startup Implementation Plan (Gantt Summary)

13.3 Monitoring Milestones

14.0 Risk Analysis

14.1 Key Business Risks

14.2 Standard Operating Procedures (SOPs)

14.3 Regulatory Compliance Roadmap

15.0 Sustainability & Expansion Strategy

15.1 Environmental Sustainability

15.2 Social and Economic Sustainability

15.3 Economic Expansion & Growth Strategy

16.0 Monitoring & Evaluation Plan

16.1 Key Performance Indicators (KPIs)

16.2 Evaluation Process

16.3 Feedback & Continuous Improvement

17.0 Conclusion

18.0 Appendices

Appendix A: Financial Summary (₦ Millions)

Appendix B: Breakeven Analysis

Appendix C: Projected P&L Chart (Years 1–5)

Appendix D: Key Ratios

1.0 Executive Summary

1.1 Business Overview

AdheSeal Industries Limited is a proposed medium-scale manufacturing enterprise to be located at the Agbara Industrial Estate, Ogun State, Nigeria, specializing in the production of adhesive tapes, industrial packaging films, carton sealing tapes, masking tapes, and specialty self-adhesive products. The company aims to bridge the growing demand-supply gap in Nigeria’s packaging and adhesive market, driven by expanding e-commerce, FMCG, logistics, and manufacturing sectors.

The Nigerian economy’s recovery trajectory and steady rise in manufacturing activities have significantly increased the demand for high-quality packaging materials and pressure-sensitive adhesives. Most of these products are currently imported from China, India, and Turkey, often facing high logistics costs, foreign exchange challenges, and delays. AdheSeal Industries will leverage local raw material sourcing (rubber-based and acrylic adhesives), cost-efficient production, and proximity to industrial customers in Ogun and Lagos States to deliver competitive, locally manufactured solutions.

1.2 Vision and Mission Statements

·       Vision: To be the leading indigenous manufacturer of adhesive tapes and packaging materials in West Africa by 2030, known for quality, innovation, and reliability.

·       Mission: To provide durable, cost-effective, and environmentally sustainable adhesive and packaging solutions to Nigerian industries and consumers while creating local employment and value-added processing of raw materials.

1.3 Objectives

·       Establish a 1,500 m² manufacturing facility in Ogun State capable of producing 2.4 million rolls of adhesive tapes annually in the first phase.

·       Achieve 60% local market penetration in the first three years, reducing Nigeria’s dependence on imported adhesive tapes by at least 20%.

·       Attain annual revenue of over ₦1.2 billion by Year 5 with a net margin exceeding 18%.

·       Develop export-grade products to serve neighboring West African markets by Year 4.

·       Maintain environmental compliance through solvent recovery systems and sustainable manufacturing processes.

1.4 Products and Services

AdheSeal Industries will produce and supply the following product lines:

1.     BOPP (Carton Sealing) Adhesive Tape: Transparent and brown tapes used by manufacturers and logistics companies.

2.     Masking Tape: For paint masking and general industrial applications.

3.     Double-Sided Tape: Used in signage, furniture, and printing industries.

4.     Electrical Insulation Tape: PVC-based tapes for electrical and electronic applications.

5.     Stretch Film and Shrink Wrap: For industrial packaging and pallet wrapping.

6.     Custom Printed Branding Tape: Personalized printed tapes for corporate clients.

7.     Packaging Accessories: Core tubes, dispenser tools, and sealing machines.

Services will include contract packaging support for industrial clients and OEM private labeling for regional distributors.

1.5 Market Opportunity

Nigeria’s packaging materials industry was valued at over ₦850 billion in 2024, with adhesive tape products accounting for approximately ₦60–₦70 billion, growing at 12–15% annually due to rapid growth in logistics, FMCG, and retail distribution. With e-commerce, manufacturing, and export packaging expanding nationwide, the market potential for domestic adhesive tape production remains high.

Ogun State’s proximity to Lagos—the industrial and commercial hub of Nigeria—offers a strategic advantage for raw material supply, logistics, and market access. Furthermore, increasing local substitution efforts under Nigeria’s backward integration policy create strong incentives for domestic manufacturers like AdheSeal Industries.

1.6 Competitive Advantage

·       Local Manufacturing Efficiency: Reduced import dependency and lower logistics cost.

·       Quality Assurance: State-of-the-art coating and slitting machinery ensuring consistent adhesion and tensile strength.

·       Strategic Location: Situated within the Lagos–Ogun industrial corridor, providing immediate access to major industrial clients.

·       Technical Expertise: Collaboration with local engineers and international technical partners for process optimization.

·       Sustainability: Adoption of solvent recovery systems and eco-friendly formulations.

1.7 Ownership and Legal Structure

AdheSeal Industries Limited will be registered under the Corporate Affairs Commission (CAC) of Nigeria as a Private Limited Liability Company.

·       Ownership:

o   Mr. Adebayo Samuel (Managing Director/CEO) – 60%

o   Mrs. Chika Nwosu (Operations Director) – 25%

o   Mr. Segun Oni (Finance & Strategy Director) – 15%

The business will operate with a board of directors and a professional management team with industry experience.

1.8 Capital Requirement and Funding Plan

The total start-up cost is estimated at ₦480 million, broken down as follows:

Funding will be sourced through:

·       Equity: ₦200 million (from owners/investors)

·       Bank Loan: ₦250 million (via Bank of Industry or commercial banks)

·       Grants/Support Programs: ₦30 million (SMEDAN, BOI Youth Entrepreneurship Fund)

1.9 Financial Highlights

·       Year 1 Revenue: ₦320 million

·       Year 3 Revenue: ₦850 million

·       Year 5 Revenue: ₦1.25 billion

·       Year 5 Net Profit Margin: 18%

·       Break-even Point: Within 22 months of operation.

Projected payback period is 3.5 years, and internal rate of return (IRR) is estimated at 27% over a 5-year horizon.

1.10 Summary of Objectives

AdheSeal Industries aims to combine innovation, quality, and operational efficiency to become a leading domestic producer of adhesive tapes and packaging materials, supplying both the local market and export customers while maintaining profitability and environmental sustainability.

2.0 Company Description

2.1 Business Name and Location

Registered Name: AdheSeal Industries Limited
Registered Address: Plot 14, Agbara Industrial Estate, Ado-Odo/Ota LGA, Ogun State, Nigeria
Nature of Business: Manufacturing and distribution of adhesive tapes, stretch films, and packaging materials.
Business Type: Private Limited Liability Company
Date of Incorporation: Planned – Q2, 2026

2.2 Industry Background

The global packaging industry is shifting toward automation, e-commerce, and sustainability. In Nigeria, adhesive tapes are critical components of the packaging chain, particularly for FMCG producers, logistics operators, food processors, and construction companies.

Historically, most adhesive tape products were imported. However, local production has begun to expand with the establishment of a few small and medium manufacturers in Lagos, Ogun, and Anambra. Demand consistently outstrips supply due to Nigeria’s manufacturing base and regional exports to Ghana, Benin, and Cameroon.

Ogun State is an ideal industrial base due to:

·       Proximity to the Apapa and Tin Can ports (for raw materials import/export).

·       Lower cost of land and utilities compared to Lagos.

·       Government incentives under the Ogun State Industrialization Drive (2024–2030).

2.3 Company Ownership and Legal Structure

As a limited liability company, AdheSeal Industries Limited will ensure accountability, credibility, and continuity. The legal structure allows for external investment, tax optimization, and compliance with the Companies and Allied Matters Act (CAMA 2020).

Ownership structure:

·       Founders’ Equity: ₦200 million

·       Institutional Investors/BOI Funding: ₦250 million

·       SMEDAN/Grant Programs: ₦30 million

2.4 Start-Up Summary

The factory setup will cover approximately 1,500 square meters, including:

·       800 m² for production line and storage,

·       300 m² for administrative and technical offices,

·       200 m² for loading bay and dispatch, and

·       200 m² for future expansion and utility areas.

Total estimated startup cost: ₦480 million.

2.5 Operational Objectives

·       Commission the plant within 10 months of funding.

·       Reach 70% capacity utilization within the first 18 months.

·       Achieve quality certification (SONCAP and ISO 9001) by Year 2.

·       Attain export readiness by Year 4.

2.6 Strategic Position

AdheSeal Industries will position itself as a reliable, Nigerian-made alternative to imported adhesive and packaging materials, offering:

·       Superior adhesion performance tailored to tropical climate conditions.

·       Shorter delivery lead times through local warehousing.

·       Competitive pricing by cutting import logistics and forex dependencies.

·       Technical after-sales support for industrial clients (especially in FMCG, logistics, and construction).

The company will focus on building strategic partnerships with e-commerce companies, food and beverage producers, and logistics distributors, ensuring a sustainable and loyal customer base.

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