PROFILE ON PRODUCTION OF FISHING NET AND SPORTS NET

84-3I. SUMMARYThis profile envisages the establishment of a plant for the production of fishing and sportnet with a capacity of 17 tonnes per annum.The present demand for the proposed product is estimated at 17.31 tonnes per annum.The demand is expected to reach at 36.67 tonnes by the year 2017.The plant will create employment opportunities for 37 persons.The total investment requirement is estimated at about Birr 10.32 million, out of whichBirr 6.90 million is required for plant and machinery.The project is financially viable with an internal rate of return (IRR) of 21.45 % and anet present value (NPV) of Birr 5.17 million discounted at 8.5%.II.PRODUCT DESCRIPTION AND APPLICATIONThe manufacture of fishing and sport net are made by twisting many filaments.Polyethylene filament having 300 to 800 denier is usually extruded. The tensile strengthof a 3,000 denier polypropylene filament is 5 to 7.5 g/denier. With these filaments asbasic materials, fishing net, fishing string, sport net, rope, etc. are manufactured.The fishing net is used to catching fish and sport net is used for catching the ball whenthe ball kicks in to the goal. Sport nets include nets for soccer, volleyball, basket ball,table tennis, ground tennis, hockey, football etc.