Wire Nail Manufacturing Business plan- Requirement, Investment, Profit, Machine Required
Wire Nail Manufacturing Business plan- Requirement, Investment, Profit, Machine Required
The wire nail making business industry is a long lasting business industry. This industry requires some big space and some special type of machine. Here the complete information about its raw material, machinery required, Investment, profit is being given. Apart from this, how to start this Wire Nail Manufacturing Business industry is also being given here.
Iron nail is one hardware that is used mainly in Building construction work, manufacturing boxes for packing etc. due to the increasing population and the necessities attached to it, they are always in demand in the market. The most important aspect about the manufacturing of this product is that the brand is not important as far as iron nails 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.
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Government Schemes:
Boosting Wire Nail Manufacturing Business and Other Small Businesses. MSME Ministry is increasing aid to Wire Nail 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.
Wire Nail Manufacturing Business Requirements:
- Area = 300 SQFT – 500 SQFT
- Manpower = 2 Workers (Skilled & Semiskilled) & 1 Marketing Executive
- Electricity= 3 KW – 5 KW
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Wire nail making raw material:
Nail wire is one of the essential materials used for this. Various types of nails are made using this. This wire is found in different cross sections. So buy wire according to the nail you want to make.
- Wire(11-16 mm wire)
- Sealed Wire(30k -35 k/ Ton)
Wire nail raw material supplier:
Mainly the factory of this wire is in Durgapur in West Bengal and Raipur in Chhattisgarh. From here this wire in stock can be ordered at your address. You can visit the following link to order it online.
Where to buy Wire Nail Manufacturing Machine in India ?
If you want to buy Wire Nail Manufacturing Machineonline then you can visit https://dir.indiamart.com/ and https://www.ektawirenailmachine.com/ to buy your favorite or required Wire Nail Manufacturing Machine. However, you can also purchase from foreign country. And let me clear you one thing that you can also buy these machine offline. So, I’ll advice you that first compare the price of online and offline then purchase the machine.
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Machinery:
| Sl No | Name of Machinery | Market price |
| 1. | Fully Automatic Wire nail Making Machine along with 5HP Motor (production capacity 850 kg per day) Nails Length= ½ “ – 4” | 2,80,000 |
| 2. | Polishing Barrel/Drum | 70,000 |
| 3. | Grinder & Cutter with 1 HP motor | 35,000 |
| 4. | Wire Stand/Spool | 5,000 |
| 5. | Other Equipments & Hand Tools | 2,000 |
| Total | 3,92,000 | |
| GST @18% | 70,560 | |
| Total Amount | 4,62,560 |
Note: Transportation Cost is not included in above machinery cost. (Transportation cost vary as per location)
Wire nail manufacturing business cost:
| SLNO. | Name of Particulars | Amount in RS |
| 1. | Land, Building & electrification & Water Installation | 1,50,000/- |
| 2. | Plants & machinery (Incl. Freight ) | 5,00,000/- |
| 3. | Obtain License | 50,000/- |
| 4. | Raw Material (wire) (Rs 32 per kg ) | 32000/- |
| 5. | Jute Sack for packaging | 5000 |
| 6. | Advertising & Promotion | 10,000/- |
| 7. | Heavy Duty TVS Motorcycle | 50,000/- |
| Total | 8,00,000 (Approx) |
Working Capital = 1 Lac
Total capital Required : 9 Lac
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Manufacturing Process of Wire Nail:
Two types of machines are required to manufacture nails (i) Crank type (ii) Spring type.
Out of these maintenance cost and are automatic. Cold drawn, bright wire is used to make nails, and this wire is available in various gauges (20 S.W.G. to 65 W.G.). These wires are found in round bundles, one end of the wire is fixed in tool stand and then the other is put in wire straightening rollers and the wire automatically reaches the machine.
To pull the wire further ahead, there is a grip after the rollers and this grip pulls only as much wire as is needed for the specific of the nail. The head of the nail is put into the mould’s “rem”, that can be pushed back & front through the crank shot.
The front end of the wire is hit hard by the punch attached to the head-making mould. To make the other end and then cutting of the nail is done automatically. Here the moulds press the wire and nail gets bifurcated & cut from the wire. In this way, some part of the nail is still attached to the wire and an automatic trigger separates the nail from the wire.
When the nails come out of the machine, then the tiny bits of iron & grease/lubricant deposited on the nails are remoulded by putting them into a polishing drum in which iron balls and dust are also put and after the polish, they are sent to the markets in jute bags.
The details of the gauges of the wire, etc. required to manufacture various sizes of the nails are mentioned below:
- Nails of the length ranging from ½ inch to 2 inches wire gauge:- 20 to 12 S.W.G; capacity of machines, etc. 400 nails per minute; electric motor of 2 H.P.
- Nails of length ranging from ¾ to 3 inches wire gauge:- 14 to 9 S.W.G.; capacity of the machines:- 300 nails/minute and 350 kg. nails per day. Electric motor of 3 H.P.
- Nails of length ranging from 1/2 to 4 inches wire gauge:- 11 to 8 S.W.G.; capacity of the machine; 250 nails/minute and 850 kg nail/day. Electric motor of 5 H.P.
Wire nail manufacturing business marketing:
- Shop Retailer or Wholeseller (Local market)
- Distributor
- Sell Online (Amazon/flipkart)
- Sell Online B2B platform (Tradeindia, Indiamart etc)
Wire nail packing:
The use of jute/plastic sacks or thick paper box is very good for its packaging. Nails are sharp, so there is a risk of bursting plastic or thick paper bags. At the time of packaging, keep in mind the quantities offered by various hardware stores in the market. Prepare 1 kg, 2 kg, 5kg, 10 kg packets of the same quantities.
Wire nail manufacturing business license:
For this it is very necessary to take the necessary license, because in this industry complete machinery set up is required. An application form can be made to your local authority for a license. From here you will get the license very soon. an there are some documents which is required for the wire nail making business is given below:
- Adhar card, Pan card & address Proof
- MSME License
- GST Registration
- Shop & establishment License
- Trade Mark (If Required)
- NOC (State Pollution Control Board)
Wire nail manufacturing business profit:
Raw material (Nail MS Wire) = Rs 32- Rs 35 per Kg.
Total Production Cost on 1 kg= 32 + 3(Labour +Electricity) = Rs 35 Selling Price in Market= 45Kg – 50kg.
Profit on per Kg = Rs 10 – Rs 15 Machine Production per day = 600 kg.
Total Production per month (26) = 15600 Kg (Consider 15000 Kg).
Gross Profit per month (when we sell 15000 Kg per month) = 15000 X Rs10.
Gross Profit per month = Rs 1,50,000/-
Monthly expense in wire :
| SlNo. | Particulars of expense | Amount (Rs) |
| 1. | Salary of worker a. Skilled worker b. Unskilled labour c. Marketing Executive | 25,000/- |
| 2. | Electricity Bill | 5000 |
| 3. | Advertising + promotion | 5000 |
| 4. | Miscellaneous (petrol & GST Return etc) | 10,000/- |
| Total | 45,000/– |
Net Profit per month from Wire Nail Plant
= Total gross Profit – Total Monthly Expense
= 1,50,000 – 45,000
Wire Nail Manufacturing Business Plan Related Video:
If you want to start wire Nail making Business then there is a step by step guide given in the below video :
F.A.Q(Frequently Asked Question):
Q. Is Wire Nail manufacturing Business profitable in India ?
Ans: Yes, because our country is a developing country and day by day the construction work increases in our country. So, there is great market of wire nail. So to fulfill the requirements of nail wire, the production of nail wire will increase. So, this business has high potential and high profitable idea in India.
Q. Machine Required for Wire Nail manufacturing Business.
Ans: There are list of machine which is required for the wire Nail making Business which is given below:
- Wire nail Making Machine
- Polishing Barrel/Drum
- Grinder & Cutter with 1 HP motor
- Wire Stand/Spool
- Some other Equipments & Hand Tools
And detailed information is given in this article. Read this article carefully.
Q. How much area required for the wire Nail making Business ?
Ans: The industrial setup requires space for Inventory, workshop or manufacturing area, space for power supply utilities and auxiliary like Generator setup. Also some of the area of building is required for office staff facilities, documentation, office furniture, etc. Thus, the approximate total area required for complete industrial setup is 1500 Sq ft to 2000 Sq ft. Civil work cost will be around 5 Lac Rs.(Approx).
Q. What are the requirements of Wire nail manufacturing business ?
Ans: Requirements:
- Area = 300 SQFT – 500 SQFT
- Manpower = 2 Workers (Skilled & Semiskilled) & 1 Marketing Executive
- Electricity= 3 KW – 5 KW
We hope that you would have liked reading this blog post on Wire Nail Manufacturing Business cost in India and how to set it up efficiently. For more such informative articles, keep visiting YMW Solution.
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