Are you interested in starting a rubber floor mats making business? Here in this article, we have compiled every detail related to initiating a rubber floor mats making company. Rubber floor mats making business can be initiated as small and medium scale basis with a moderate capital investment. Manufacturing process is not complex. Rubber floor mats include industrial rubber mat, anti-static mat, anti-vibration mat, anti-fatigue mat, high school wrestling mats, rubber mats for use at home, entrance mats, interior mats and so on. However, the major use of rubber floor mats is to effectively remove and trap dirt and moisture at the workplace as well as at home.
RUBBER FLOOR MATS MAKING | MARKET POTENTIAL
Rubber floor mats offer consumers two key advantages. Firstly, they help reduce non-biodegradable waste in the ecosystem by using old vehicle tires and other unused rubber items. Secondly, as a more direct benefit, they tend to be more affordable than their non-natural synthetic rubber counterparts. Rubber floor mats find every day domestic use in providing great utility in the scrubbing of the dirt from shoes & slippers. Rubber mats are also used as a floor covering around electrical panels as a safeguard to the life and limb of the workmen due to possible leakage of current and short-circuit. It also provides oil resistant floor covering. Oil resistant rubber floor mats are used near heavy machinery in industries. Thus, the product has good market potential and rubber floor mats making is considered as a profitable investment opportunity for the new entrepreneurs.
RUBBER FLOOR MATS MAKING BUSINESS REGISTRATION & LICENSE
In starting rubber floor mats making business, you will need to obtain different registrations and licenses from different Government Authorities.
- Business registration
- Trade License from Municipal Authority
- Factory License
- ‘No Objection Certificate’ from Pollution Control Board
- VAT Registration
These are the basic registration and license that you will need to have in starting rubber floor mats making business in Nigeria.
FINANCE FOR RUBBER FLOOR MATS MAKING BUSINESS
As like any manufacturing business, there are two types of costs involved in rubber floor mats making business. One is fixed capital investment, that includes land, building, infrastructure, and machinery. Another one is the working capital investment, that includes raw material, packaging consumables, operating expenses, manpower cost and marketing cost. You can go for entire project finance from your nearby banks or any finance institution. Or you can also apply for only fixed capital or only working capital simultaneously.
RUBBER FLOOR MATS MAKING MACHINERY
The major items of plant and machinery for rubber floor mats making, are following:
- Rubber Kneader
- Mixing Mill
- Multi Day Light Hydraulic Press -2 nos
RUBBER FLOOR MATS MAKING PROCESS & RAW MATERIALS
Rubber is mixed inside the kneader with stabilisers, vulcanising agents, forming agents, pigments to make compounded rubber. The kneaded rubber is poured into the mixing mill from where the compound is sheeted out in the proper thickness, width and mixing mill from where the compound is sheeted out in the proper thickness, width and length. This sheet is then placed in the mould and heated in the hydraulic press to get vulcanised. After the curing time, the cured rubber is taken out, trimmed to get the final product.
Raw materials for the manufacture of rubber floor mats include various kinds of rubber like NR, NBR, SBR etc. and vulcanizing agents, colorants, stabilizers etc. The total connected load is estimated at 200 KVA and water requirement is estimated at 5KL / day.
Rubber floor mats making business also has large factory potential. To get 300000 Sq Ft floor mat per annum, approximate investment will be Rupees 4 Crore.