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Aluminum Frames Project

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    Investment Office ANRS PROJECT PROFILE ON THE ESTABLISHMENT PROJECT PROFILE ON THE ESTABLISHMENT PROJECT PROFILE ON THE ESTABLISHMENT PROJECT PROFILE ON THE ESTABLISHMENT OF OF OF OF ALUMINIUM FRAMESALUMINIUM FRAMESALUMINIUM FRAMESALUMINIUM FRAMES PRODUCING PLANT PRODUCING PLANT PRODUCING PLANT PRODUCING PLANT    D DD Development Studies Associates (DSA) evelopment Studies Associates (DSA) evelopment Studies Associates (DSA) evelopment Studies Associates (DSA)    October 2008  Addis Ababa  Table of Contents 1.   Executive Summary.......................................................................................1   2.   Product Description and Application..........................................................1   3.   Market Study, Plant Capacity and Production Program..........................1   3.1   Market Study...................................................................................................1   3.1.1   Present Demand and Supply .................................................................1   3.1.2   Projected Demand..................................................................................3   3.1.3   Pricing and Distribution ..........................................................................4   3.2   Plant Capacity.................................................................................................5   3.3   Production Program........................................................................................5   4.   Raw Materials and Utilities..........................................................................5   4.1    Availability and Source of Raw materials........................................................5   4.2    Annual Requirement and Cost of Raw Materials and Utilities.........................5   5.   Location and Site...........................................................................................6   6.   Technology and Engineering........................................................................6   6.1   Production Process.........................................................................................6   6.2   Machinery and Equipment...............................................................................6   6.3   Civil Engineering Cost.....................................................................................7   7.   Human Resource and Training Requirement.............................................8   7.1   Human Resource............................................................................................8   7.2   Training Requirement......................................................................................8   8.   Financial Analysis..........................................................................................9   8.1   Underlying Assumption...................................................................................9   8.2   Investment.....................................................................................................10   8.3   Production Costs...........................................................................................10   8.4   Financial Evaluation......................................................................................11   9.   Economic and Social Benefit and Justification.........................................12   ANNEXES.........................................................................................................14      1 1. Executive Summary This profile envisages the establishment of a plant for the production of 200 tons of aluminum frames per year. The present demand for aluminum frames is estimated at 902 tons per annum. The demand is expected to grow from 992 tons in 2001 to 2340 tons in 2010. The total investment requirement is estimated at Birr 6.65 million out of which Birr 1.5 million is for building construction. The plant will create employment opportunities for 20 persons. The project is financially viable with an internal rate of return (IRR) of 28.4% and a net present value (VPV) of Birr 1.5 million discounted at 18% 2. Product Description and Application Aluminum frames and profiles are building material products made from aluminum. The  products are used for doors, windows for making water tanks, for show cases etc. aluminum  products are popular because they are light, strong and they do not rust. They are commonly used for modern commercial buildings. 3. Market Study, Plant Capacity and Production Program 3.1 Market Study 3.1.1 Present Demand and Supply T he major end user of aluminum profiles and frames is the building construction sector. The reason is the product is a structure which is to be fitted to windows and doors. Although various types of profiles and frames are manufactured locally the source of aluminum profiles and    2 frames is mainly from import. The quantity and value of aluminum doors and windows and structure that have been imported during 1991-2000 1  are given in Table 1. As shown in Table 1 the country has been importing about 576 tons of ready made aluminum doors, windows and frames with CIF value of Birr 14.2 million as well about 326 tons of aluminum structures with CIF value of about Birr 12.7 million on the average for the last ten years. The supply from import is not consistent, which could be due to foreign exchange shortage. For example the supply during 1995 was small in both ready made doors and windows and structure from prior and subsequent years’ imports. However, the import of ready made doors and windows is declining from 2008 on wards while import of aluminum structure has been increasing. The latter situation indicates the increase in local production of aluminum doors and windows. For this reason, the present (2000) effective demand is estimated based on the sum of average level of imports of aluminum doors and windows and structure during the period considered, which is about 902,420 kg or 902 tons. Though we don’t have statistical evidence, it is apparent that a certain portion of this imported ready made aluminum doors and windows and raw aluminum structure has been consumed by  buildings made in Amhara region. 1  Years in this document are in Ethiopian calendar.

qwert

Jul 23, 2017
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