Spindle tapes are mainly used in textile industries where spindles do run at a very high speed with minimum vibrations. Perfect spindle tapes are ideal for cotton, woolen, worsted & synthetic fiber spinning.
The Project cost is US$42,006 bringing revenue estimates of US$139,994 from production capacity of 700128 rolls annually.
These tapes exhibit, Permanent anti static behavior, are energy saving, high resistance to abrasion and easy to join. With increased focus on increasing local textile output, and the advent of institutions like Nytile and phoenix textiles plus the successful accessing of foreign markets especially through new trade policies, the demand for spindle tapes is also increasing.
Production process, capacity, technology
The main production process consists of yarn preparation, and weaving. Yarn, nylon or cotton obtained in the form of cones from spinning mills is transferred into weaver’s beam using the warping machine and bobbins using the pin winding machine. The beaver’s beam is mounted on the multi- station power loom which constitutes warp.
Bobbins are fed into the power loom through shuttles and this constitutes weft. Tape is woven by the interlacing of weft and warp. This is done mechanically by the power loom. After the tape is made, it is inspected, measured and rolled by the automatic tape rolling machine. The plant at the start of production has a minimum output of 700,000 meters each year. This is equal to 14,000 rolls each of 50 meters length, and working 26 days in a month
Capital Investment Requirement in US $
|Sectional warping machine||1||4,500||4,500|
|Pirn winding machines||1||3,200||3,200|
|Multi-station power loom||2||4,900||9,800|
|Automatic tape rolling machine||1||3,200||3,200|
|TC of tools||20,700|
Production and Operation costs in US $
|Cost Item||Units||@/ day||Qty/ day||Pdn cost/day||Pdn cost/ mth||Pdn cost/yr|
General Costs (Overheads) Project product cost and Price Structure in US$
|Selling & distribution||200||2,400|
|Utilities (Water, power)||200||2,400|
|Total Operating Costs||3,523||42,006|
|Item||Qty/day||Qty/yr||Unit cost||Pdn cost/yr||UPx||TR|
Profitability Analysis in US$
|Profitability Item||Per day||Per month||Per year|
|Less: Production and operating costs||134||3,501||42,006|
Spindle tapes have great market in the textile sector. Therefore, supply should be made to those industries, which deal in textile production. Potential for export exists in the long run especially with the advent of the AGOA act which promotes the export of textile materials to the USA. However, with the growth of the local textile industry, there is market locally for the tapes.
Source of machinery and Raw materials
All the machinery can only be imported while materials to be used can be got locally but also some can be imported.
75% initial allowance granted in the first year of production on the cost base of plant and machinery for industries elsewhere in Uganda. Startup costs 25% granted on actual cost over the first four years in four equal installments.