Pen Production – What is the cost of setting up Pen Production
Happy new month everyone.
Please what is the cost of setting up a pen production business? I am interested in the business and would like to go into it very soon
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Why only pen? Do you think pen production alone can be profitable? As small and simple ball pen looks, the cost of the production is substantially high, and the reason is because of the processes involved. It may take as much as N10million to start on small/medium scale.
Here are the process involved: The basic steps include ink compounding, metal component formation, plastic component molding, piece assembly, packaging, labeling, and shipping. In advanced shops, pens can go from raw material to finished product in less than five minutes.