Screw manufacturing business plan- Requirement, Investment, Profit, Machine Required

Screws are a Item of fasteners used to join two or more parts of metal or other hard material. These are used to join different parts of a Die/Fixtures etc. They have a cylindrical body with uniform threads all along the length. Due to the increasing population and the necessities attached to it, screw are always in demand in the market. So, today in this article we’ll discuss about the requirements, machine required, investment, profit and how to setup this screw manufacturing business.

Day to day the demand of screw is increasing due to increase in the infrastructure development. It is used in many places like in furnitures, aluminium window, to joint aluminium, for celing work, mechanical and electrical appliances and used in many places in day to day life. So, by knowing this it can be said that if you’ll start the screw manufacturing business then it will be profitable in very less time.

The most important aspect about the manufacturing of this product is that the brand is not important as far as screws are concerned hence entrepreneurs can go for the manufacturing at district or tehsil level. Keeping the quality standards in mind, and they could be on the road to success. For the purpose of marketing one can contact hardware store and the stores that keep stuff related to building construction.

Also Read: How to start Tyre Recycling Business in India ?

Also Read: How to setup Wire Nail Manufacturing Business plan in India ?

How to start Screw Manufacturing Business?

If you want to start screw manufacturing business then you must follow some steps which is given below:

Survey: Before starting this business, most important you must survey about the consumption of screw in your location and place of supply. Also visit to some screw seller vendors to ask about this business potential.

Consult to the supplier: After survey, contact to a screw manufacturing business machine supplier to setup the plant.

Select the proper place: After that select a proper area where you want to setup this business. But location must be out from city, can easily available raw material and all necessary things.

Infrastructure: After selecting the proper space you have to build the infrastructure of your factory.

Loan Apply: If you need any financial help for this business then you can apply for the loan.

Business Setup: After these all setup your machine and all the required things in your location. And also hire some labour to do this business.

Training: Take a training for how to manufacture the screw and their types. And the supplier will provide you training and teach you all the details of this business and the machine.

Manufacturing: Start you manufacturing

Packaging: Pack the manufactured screw in the packet of 500g, 1kg, 2kg and as per the market requirements.

Marketing: You can do your marketing by the help of vendor and contractor visit. Offer some more scheme and profit and force them to sell your product.

Selling: Start your selling to hire a marketing boy in you locations.

Government Schemes:

Boosting Screw Manufacturing Business and Other Small Businesses. MSME Ministry is increasing aid to Screw Manufacturing Business and other small and medium scale businesses in India.

The government of India has also moved further in this regard to encourage various small sectors and private sectors by launching several schemes such as:

MUDRA Scheme – Under this scheme, the agency was set up to refinance and develop micro units across the country. It extends funding to the non-corporate small business sector.

Aatmnirbhar Bharat Scheme – Free collateral loans to MSMEs and other stressed sectors.

Coir Vikas Yojna – It encourages various activities like still development, up-gradation, and modernization of industries, promoting domestic as well as an export market.

National Manufacturing Competitiveness Program – It facilitates technology up-gradation by providing a 15% upfront capital subsidy.

Entrepreneurship and skill development program – Organized to nourish the expertise of youth by enlightening them on numerous aspects of industrial exercise needed for setting up small industries.

Marketing promotion schemes – to develop domestic markets and promotion of new market access initiatives.

Type of Screw Head:

1. Flat Head Screw
2. Button Head Screw
3. Pan Head
4. Round Head
5. Truss Head
6. Socket Head

Also Read: How to start Food Truck Business in India in low cost ?

Also Read: How to setup the Puffed rice manufacturing Industry in India ?

Screw Manufacturing Business Requirement:

1. Area – 1800 sq ft – 2000 sq ft (Production area, Raw Material storage, Finish good area , Admin area)
2. Manpower – 5 Workers (Skilled & Semiskilled) & 1 Marketing Executive and 1 Supervisor
3.  Electricity – 15 KW – 18 KW

Screw Making Raw Material:

Stainless Steel Wire (As per Requirement)

Other Requirements:

1. SS Wire Roll
2. Lubricant Oil
3. SS Cleaner Chemical
4. Wood Crush
5. Plastic Boxes

Machinery required for the Screw Manufacturing Business:

All the machine which is required in the screw manufacturing business are given below with the price :

Note: Machine Cost+18%GST+Transportation Charge+ Packaging Charges

Optional Machine: Lathe Machine and tool bit

Total Machine cost Consider 12 Lac (Including Transportation + Packaging)

Screw Manufacturing Business Process:

First of all coils of the required size are cleaned and fed in to the Automatic Heading machine which gives required length & head. Then trimming of head to required size is done in the Automatic Machine. After this threads are cut in the Auto Thread Rolling Machine. Then sorting is done by hundred percent usual inspection. Then heat treatment of the Allen Screws is done as per requirement. Finally gauging and few percentage of hardness testing is done. The packing is done accordingly to size & order.

Summary of the production process:

• Wire – Uncoiled, straightened and cut to length
• Cold forging – Molding the steel into the right shape at room temperature.
• Bolt head – Progressively formed by forcing the steel into various dies at high pressure.
• Threading – Threads are formed by rolling or cutting.
• Heat treatment – The bolt is exposed to extreme heat to harden steel.
• Surface treatment – It depends on the application. Zinc-plating is common to increase corrosion resistance.
• Packing/stocking – After quality control to ensure uniformity and consistency, and packaged.

Packing:

Screw manufacturing business License Required:

Screw Manufacturing Business cost:

If you are new and want to start screw manufacturing business then you need approx 20 lakh which is given below in detail: