TYRE BUSINESS PLAN IN NIGERIA
Tyre Business Plan in Nigeria
This sample Tyre Business Plan in Nigeria can be used for Grant Applications, Bank Loans, Proposal writing, Business Concept Notes, Competitions, etc. Tyre Business Plan is a lucrative business that needs a lot of strategic Planning to start and a business coach like Dayo Adetiloye to help you start the Implementation.
Business Description of Tyre Business Plan in Nigeria
Business: Tyre
Industry: Manufacturing (Tyre Business plan in Nigeria)
PATILAD Tyre company is a licensed and standard Tyre company. Our office is located at Portharcourt. We are into recycling used tires and rubber waste to produce useable tires for vehicles. Our business goal is to become one of the leading tire production companies in Nigeria, and we will make sure that we do all we can to compete favorably with leaders in the industry.
Our target market includes trucking companies, bus operators, car rental companies, companies with large fleets of cars, individuals, mechanics, auto parts dealers, and households.
The global tyre market is estimated to be $190 billion, while the tyre market in Nigeria is about $1.0 billion. The total Nigerian tyre market size is estimated to be 5.7 million units (car, van & light truck – 3.9m and truck – 1.8m) with a projected growth rate of 3-5% annually).
Used tires can constitute a nuisance in our communities if they are not recycled and reused as raw materials to manufacture new tires and other related products. Players in the Tires and Rubber waste Recycling industry collect, separate, sort, and process used and condemned tires.
We will work towards becoming one of the best Tyre companies in Nigeria. Our position is that of a superior-quality, unique and reliable company that is committed to customer satisfaction. Patilad tyre also provides training services and bespoke products based on our clients’ demand. What sets us apart from our competitors is the respect and professionalism we maintain by offering durable and reliable products that can stand the test of time.
Problems Statements:
- Environmental Impact of Used Tires:
- The improper disposal of used tires poses environmental challenges, contributing to pollution and potential health hazards.
- Limited Recycling Facilities:
- Currently, there is a shortage of recycling facilities for tires and rubber waste in Nigeria, leading to the accumulation of used tires in various locations.
- Dependency on Imported Tires:
- Nigeria relies heavily on imported tires, affecting the local economy and foreign exchange reserves.
- Limited Options for Sustainable Tires:
- Consumers often face limited options for sustainable and environmentally friendly tires in the market.
- Lack of Awareness on Tire Recycling:
- There is a lack of awareness among businesses and individuals regarding the benefits of tire recycling and the availability of recycled tire products.
Solutions Statements:
- Environmentally Friendly Tire Production:
- PATILAD Tyre Company will specialize in recycling used tires to produce environmentally friendly and sustainable tires for various vehicle types, contributing to the reduction of environmental pollution.
- Establishment of Recycling Facilities:
- PATILAD Tyre Company will invest in the establishment of licensed and standard recycling facilities in Portharcourt to address the shortage of recycling infrastructure and efficiently process used tires.
- Localization of Tire Production:
- PATILAD Tyre Company aims to reduce Nigeria’s dependency on imported tires by producing high-quality, locally manufactured tires, contributing to the growth of the domestic tire manufacturing industry.
- Diversification of Product Offerings:
- PATILAD Tyre Company will offer a diverse range of recycled tire products, providing consumers with sustainable options and promoting the use of eco-friendly tires in the market.
- Awareness Campaigns:
- PATILAD Tyre Company will implement targeted awareness campaigns to educate its target market, including trucking companies, bus operators, car rental companies, and individuals, about the benefits of tire recycling and the availability of recycled tire products.
- Commitment to Quality and Reliability:
- PATILAD Tyre Company sets itself apart by emphasizing superior quality, uniqueness, and reliability in its tire products. This commitment aims to build trust and satisfaction among customers, fostering long-term relationships.
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Our products and services
Patilad tyre offers several kinds of tires, and we produce the highest quality of tires. Patilad tyre was established to maximize profits in the tire manufacturing industry. Below are our product offerings;
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Recycling of Unused Tires and Rubber Waste:
- PATILAD Tyre specializes in the recycling of unused tires and rubber waste. This involves the collection, separation, sorting, and processing of used and condemned tires to produce raw materials for manufacturing new tires and related products. We Addresses environmental concerns, promote sustainability, and reduce the negative impact of improperly disposed tires.
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Production and Sales of Tires:
- PATILAD Tyre Company is engaged in the manufacturing of high-quality tires for various types of vehicles, including cars, vans, light trucks, buses, and trucks. These tires are then offered for sale to individuals, businesses, car rental companies, and other entities with automotive needs.We Provide customers with locally produced, reliable, and durable tires. By this we contribute to the reduction of dependency on imported tires.
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Training:
- PATILAD Tyre offers training services, likely related to tire manufacturing processes, quality control, and industry best practices. This service may be extended to employees, partners, or individuals interested in enhancing their skills and knowledge in the tire manufacturing sector. We empower individuals and professionals with the necessary skills and expertise in tire manufacturing, contributing to the growth of skilled personnel in the industry.
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Consultancy Services:
- PATILAD Tyre provides consultancy services in the tire manufacturing industry. This may include offering advice on production processes, quality standards, market trends, and other aspects related to tire manufacturing and recycling. We Assist businesses and organizations in making informed decisions, and operations, and navigating the complexities of the tire manufacturing sector.
In summary, PATILAD Tyre’s product and service offerings encompass the recycling of unused tires, production and sales of high-quality tires, training services to enhance industry skills, and consultancy services to support informed decision-making in the tire manufacturing sector. The company aims to deliver value through sustainability, local manufacturing, skill development, and expert guidance.
The benefits of our products and services are:
- Different sizes of tires
- 100% Guaranty assurance
- Home delivery
- 24/7 online presence
- Unique customer care services.
- Lowest prices and discount offers
Keys to Success:
The keys to success for the Tyre business include:
- Use of modern technology and equipment
- Highly professionals in the industry
- Low cost of operation
- Consistency in production
- Unique and high-quality tires
- Lowest prices
Objective for Tyre Business Plan in Nigeria
- To have consistent growth in sales.
- To increase the number of production by 10% in the second year
- To generate customer satisfaction so that at least 60% of our customer base is repeat business.
- To develop a profitable/sustainable home-based company.
Goal:
To become one of the leading tire production companies in Nigeria.
Vision:
Our vision is to create a high-standard tye manufacturing company whose presence will be known in Nigeria and basic cities across the globe.
Mission:
Our mission is to establish a standard and world-class Tyre company whose products will not be retailed in Nigeria but also be exported to other countries of the world.
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Tyre Business Plan in Nigeria
Management Team
Olanrewaju Olaoluwa: He is the general company manager. With over six years of experience in the manufacturing industry, Olaoluwa defines job positions for recruitment and manages the interviewing process. He carries out staff induction for new team members. Responsible for training, evaluation, and assessment of employees. Ensures operation of equipment by completing preventive maintenance requirements; and calling for repairs. He oversees the smooth running of the daily office activities.
Mr. Dayo Adetiloye – (B. Agric., MBA, and PMP): He has over 15 years of experience in business management, business start-up dynamics, financial management of business, and overall business growth and development. He is an alumnus of Enterprise Development Centre (EDC) of the Lagos Business School (LBS), Pan African University (PAU). He is our business development strategist and a strategic partner.
Eniola Adekola: He is the head technician in charge of the recycling plant. He is responsible for installing, maintaining, and repairing all the recycling machines in the plant. Accountable for operating recycling machines in the plant. Operating facilities for separating and sorting used and condemned tires for recycling. Operating facilities for separating and sorting rubber waste for recycling. Handle any other job functions as it relates to recycling materials.
We brought to the business:
- Academic skill
- Practical experience in the Tyre business.
- Capacity to consistently provide outstanding service.
- Quality processed product and a good understanding of the market trend.
- Our staff brings operational, marketing, and promotional skills to the business.
Management experience gained
With over Nine years of experience in the Manufacturing and Retailing Industry and numerous exposure to both the scientific and practical aspect of services, I’ve been able to master the technical requirements, financial management, staff recruitment, and organization skills, among other things necessary to give the industry good commendation from our clients.
My managerial skill has also helped put together a workforce for over five years, which will also help me coordinate the teamwork in most aspects of the company.
I am the CEO of the company overseeing the day-to-day activities of the business.
Materials and Machine for Tyre Business
Pyrolysis plant, electric cable jacketing, carrier bands, conveyor bands, black nylon bags, rubber additive, heat isolation, shredder, plastic pipes, black colorant in rubber.
Competitive Advantage:
People buy from us because of the following reasons:
- Highest-quality product offerings.
- Different sizes of tires
- Effective customer care service.
- Reasonable prices and discount offers.
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Highest-Quality Product Offerings:
- PATILAD Tyre stands out by producing and offering the market the highest-quality tires. Our commitment to excellence is reflected in the durability, reliability, and superior performance of our tire products. Customers can trust PATILAD Tyre for top-notch quality, ensuring their vehicles are equipped with tires that meet and exceed industry standards.
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Excellent Customer Service:
- At PATILAD Tyre, we prioritize excellent customer service at every touchpoint. Our dedicated team is committed to addressing customer needs promptly, providing helpful information, and ensuring a positive experience throughout the purchasing process. Customers benefit from a seamless and satisfying interaction with PATILAD Tyre, fostering loyalty and trust in our brand.
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Affordable and Discount Prices:
- PATILAD Tyre offers affordability without compromising quality. We provide competitive prices and occasional discount offerings, making high-quality tires accessible to a wide range of customers. Customers enjoy cost-effective solutions without sacrificing the reliability and durability associated with our tires, enhancing the overall value of their investment.
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