Allendale Fibertech Corporation, Inc. | Application Preview
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General Information
Business Registration Number: 47-0975830
Location: Allendale, SC, United States
Length of Operation: 6-10
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: YES
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Funding Usage
$100,000 is for fixing the roof of the building and to update the sprinkler system inside the building, plus renovate facilities for workers. 80,000 is required for purchasing raw materials. 20,000 for training and hiring people.
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Business Plan
We plan to utilize our weaving equipment to produce Basalt- and Glass-based technical textiles. In addition, complementary products would be purchased to "round up" a product portfolio which fits certain market segments. Once a market segment is penetrated at a satisfactory level, additional and closely related market segments will be targeted with additional complementary products. Here, those products can be either manufactured with existing or newly to acquire equipment or those products can be purchased from various national and international sources with existing contacts we already maintain. Last, but not least, representing companies with synergetic products to further increase the product portfolio for capturing other markets but also to offer more products in the same market will help to achieve the overall goals. We own 68,000 sf manufacturing site which has no liens to it. The cost pertaining to the building (maintenance and taxes) are amongst the lowest in the national market, relative to the building size. The hourly labor cost relative to other states in this country is amongst the lowest, nation wide. The equipment on the floor is ready to be activated and paid for. The location is under economical distress and eligible to government grants. The extensive knowledge in this field by the owner (over thirty years) of experience in respect to product development, manufacturing and sales, plus his connections national and international, makes him a unique candidate to achieve these goals. It is fair to say that currently, the company operates at such low cost and with zero liens, that it is almost impossible to fail. The knowledge of the owner, along with funding will allow to manufacture and acquire products in the US-market at level of cost, which is almost impossible to undercut. This implies relatively high margins, relative to the textile industry.
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Self Identified Competition
1. The Cotechno Group is located in Texas. They weave and knit technical glass fibers. Some of their customers are located in SC. They are considered to be the most competitive in the market. 2. BGF (Burlington Glass Fibers), is one of the largest manufacturer of technical glass, but also other technical fibers, such as Basalt, S-Glass, Twintex. They are considered to have very high quality products and supplies military, aerospace and many other areas. Their price levels are considered to be high. 3. JPS (JP-Stevens). They weave and make composite materials. E-Glass, S-Glass, Quartz-Glass and other. They two are considered to have high quality products. Their price levels are considered to be high. In the cases of 2. and 3. , they have a very high overhead and can mostly work with bulk orders. They are not flexible and reluctant to changes. We consider BGF to be more innovative than JPS. In the case of 1. who we personally know, they will not be able to compete with us, as the cost of logistics to the Carolinas, which would be our primary market, will be making the landed cost to the customer too high. The quality we prepared is already approved by a local, large customer. We believe our quality and price levels are going to be the most attractive in the South East of the United States, while still allow decent profits. We believe we will be one of or even the most cost-effective company in terms of production. The deep knowledge in technical products, the creativity and in-house abilities to develop innovative products with new future possibilities, e.g. following the demand for high-tech fabrics pertaining to safe transportation of batteries or safe utilization of batteries, as well as our unique international connections, gives us confidence to accel. We have space to grow with minimal investments. We are the only company with the knowledge to purchase used textile equipment, overhaul it and adapt it to manufacture certain products in the USA. This at a level and quality, that expansion into additional equipment will be the lowest in the USA; thus keeping our competitiveness up, as the company grows. Furthermore, we do have the knowledge to automate "old" equipment and to upgrade it to a degree of modern equipment. The weaving machines we already own are capable of weaving any technical fiber which any company world wide could weave, as well. This allows for total flexibility to following any market which may promise success. We have woven samples of products (special basalt fabric) for companies, which no other has done before.
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Contact Applicant
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