Wire Nail
PROJECT DESCRIPTION
Wire nail is very well known item, as it is very common product, which is normally used in daily life. It is used for fastening purpose. Its use is so wide spread that it has become part and parcel of the life.
Wire nails are pin-shaped, sharp objects of hard metal or alloy used as fasteners. They are typically made of steel, often dipped or coated to prevent corrosion in harsh conditions or improve adhesion.Ordinary nails for wood are usually of soft, low carbon or mild steel while those for concrete are harder. Nails are used for various purposes and industries ranging from building and construction to carpentry. There is a tremendous variety of nails, since they are used for so many different purposes.
There had been an erratic growth of the indigenous industry from past years. Since the manufacture of wire nails could be undertaken on a small scale or even on a cottage scale, there is a mushroom growth of nail making units in operation.Future of wire nails will directly depend upon building activity in country. As we know that at present country is facing acute housing problem. So, now government is much emphasising on housing development, which naturally will lead to greater demand of wire nail.Thus, as an entrepreneur this project offers an exciting opportunity to you.
Few Indian Major Players are as under
• Mahalaxmi Traders
• JeetmullJaichandlall Madras Pvt. Ltd
• H. D. Wires Private Limited
• Kamal Wire Industries
• Maa Shakti Wires Pvt. Ltd.
| Plant capacity |
Plant & machinery |
Working capital |
Cost of Project |
T.C.I |
Return |
Break even |
| Wire Nail: 369,600 Kgs/annum, Wire Scrap: 34,800 Kgs/annum |
Rs 11 lakhs |
- |
5900000 |
Cost of Project: Rs 59 lakhs |
25.00 |
53.00 |
