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| Fasteners known as wire nails are produced from copper or another metal wire that has been drawn through a die. They are more readily pounded into the nailing strip than other kinds of fasteners, which makes them a common choice for use in roofing to attach roofing shingles. In addition, wire nails have a higher tensile strength than other materials like screws or tacks, which makes them less brittle when bent. When building components such as furniture or cabinetry that require precise clearance, wire nails are particularly helpful. Unlike staples or pins, which may start to buckle after just a few blows, they are sturdy enough to survive repeated pounding without bending. When placed properly, they can be reused, are very inexpensive, simple to install, and resistant to corrosion from water and other liquids. These factors have contributed to the rise in popularity of wire nails in recent years. Benefit and Application of Wire Nail Wire nails are robust, adaptable, and powerful. They can be applied to a wide range of industries, including building and cosmetics. Wire rods that have been heated until they are bendable are used to make the nails. They are then cut into precise lengths that may be bent into the desired shapes. Wire nails are among the most widely used forms of nails in use today because of these characteristics. Alternatives to conventional metal fasteners include wire nails. For home builders trying to cut costs on their building supplies, wire nails are a potential option due to these advantages and a reduced price. In addition, because wire nails can be recycled, they are more environmentally friendly than other fasteners. These have the advantage of not losing over time from movement from one side to the other, which makes them preferable for creating long-term connections between two dissimilar materials. This is in contrast to other types of fasteners like screws or tacks. The wire nail industry has expanded as a result of technological developments that have raised the standard of nails, increased the supply of materials, and made machines more easily accessible. Due to the availability of technologies that may be used at home or on a small scale, these developments have made it possible for more people to launch their own enterprises. Global Market Outlook The market for wire nails was estimated to be worth more than USD 10 billion in 2016 and is projected to increase to USD 13.6 billion by 2023, with a CAGR of 4.4% between 2018 and 2023. The market for wire nails is expanding globally. Global production of wire nails is anticipated to be between 1.5 and 2 billion pounds! Because they may be used in a number of scenarios and are stronger than other types of fasteners like screws and nails, there is a high demand for this product. As a result, a large number of production businesses have emerged to satisfy the rising need for wire nails. Over a century ago, wire nails became a common type of nail. The rising demand for products to aid in construction projects and home renovation projects has resulted in a growth in the use of wire nails. Conclusion One of the most popular nail varieties on the market right now are wire nails. They are composed of wire, which is easier to deal with and less expensive than steel or aluminium. Since there is no need for mining, smelting, or refining, the production of wire nails also has a smaller environmental impact. Wire nails are also more corrosion-resistant and stronger than typical sliced nails. All of these elements have helped wire nails become widely used both in North America and around the world. The Indian Key Players • C. Micron Enterprises Pvt Ltd. • C. Supreme Traders. • V. Sharma Enterprises. • Shree Ganpati Wire Netting Industries. • Om Wire Products. • Deepak Industry. • Tata Steel Limited -Tata Wiron. | |
| Plant capacity: Wire Nails:48,000 MT Per Annum, Wire Scraps:4,500 MT Per Annum | Plant & machinery: 939 Lakhs |
| Working capital: - | T.C.I: Cost of Project: 1736 Lakhs |
| Return: 30.00% | Break even: 70.00% |
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Each detailed project reports cover all the aspects of business, from analysing the market, confirming availability of various necessities such as plant & machinery, raw materials to forecasting the financial requirements. The scope of the report includes assessing market potential, negotiating with collaborators, investment decision making, corporate diversification planning etc. in a very planned manner by formulating detailed manufacturing techniques and forecasting financial aspects by estimating the cost of raw material, formulating the cash flow statement, projecting the balance sheet etc.
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Information- One Lac / Lakh / Lakhs is equivalent to one hundred thousand (100,000)
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- T.C.I is Total Capital Investment
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- Caution: The project's cost, capacity and return are subject to change without any notice. Future projects may have different values of project cost, capacity or return.
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