Nuts bolts making business comes under the light engineering product manufacturing. Generally, nuts and bolts are a type of industrial fasteners used in various products, machines, structures, etc. Nuts and bolts consist of a major link in the family of industrial fasteners.
Generally, every industry uses these items on a regular basis. Bolt is a piece of a metal rod, whose one end is unsettled and another end is threaded. The nut is the item that rolls on these threads.
Nuts and bolts are available in various shapes, designs, and sizes. Nuts and bolts are essential items for the fastening purpose in industries where the replacement of pieces and parts is necessary.
There are many industries producing these nuts and bolts of various sizes, but the demand is also increasing as well as the raw material for the products is easily and indigenously available. Alike any manufacturing business nuts and bolts making business opportunity also demands strategic planning.
Table of Contents
Nuts and Bolts Manufacturing Business Project Plan
Having knowledge of mechanical engineering is a plus but it is not mandatory. With the limited capital investment, any individual can initiate nuts bolts making unit.
1. Nuts Bolts Making Market Potential
The demand for nuts and bolts is influenced by the following factors:
- Transportation industries, Railways, aircraft, wagons, bicycles, automobiles, bodybuilders, etc.
- Electrical industries like the manufacturing of transformers, electric motors, fans, etc.
- Building activities such as the construction of bridges, fabrication of various steel structures, etc.
- Other heavy and light industries, steel and wooden furniture, machine tools, agricultural machines, and agricultural implements, etc.
Various types of MS and HT nuts and bolts are used in the above sectors. Therefore, these items have a prominent market demand for the development of these industrial segments.
2. Nuts Bolts Making Business Registration
Registration of your business with ROC is the first necessary part of initiating nuts bolts-making business. You will need to obtain a Trade License from the local Municipal Authority. Register your business with DIC as SSI Unit.
Apply for ‘consent to establish’ and ‘consent to operate’ both from the Pollution Control Board. If you want to establish a full-scale factory set up you should apply for Factory License. You will need to get GST Registration.
3. Raw Materials & Machinery
In manufacturing nuts, the main raw material is the hexagonal rod of the desired size. For bolt manufacturing, the required major raw material is MS rounds. Apart from this, you will need to arrange packaging consumables.
In starting nuts bolts making business you will need to establish machinery such as Double stroke solid die cold head forging machine, Head trimming machine, Thread rolling machine, bull block wire drawing machine, straightening machine, Power press, Planting tank, Steel polishing barrel with an electric motor, Automatic nut forming plant, Nut tapping machine, Weighing scale, etc. Procure the machinery from a reliable supplier. Ask them for onsite training.
4. Nuts Bolts Manufacturing Process
In nuts manufacturing, you will need to procure the hexagonal rod of the desired size. And then, cut the nuts on the automatic nut-cutting machine. Cut nuts blanks are drilled and tapped on the nut-tapping machine. Finally, debug the nuts in the polishing barrel.
In bolt making, you have to make the procured MS rounds straight. The rounds are picked in the acid tanks, washed, and drawn into a drawing machine. The cleaned rod is fed into the cold heading machine. In the machine, cut one end of the rod to the desired length with a cutting stroke. And simultaneously the head formation takes at another end.
5. Area Required
You will need a minimum area of 1000 Sq.ft to establish the manufacturing production unit. The reason is mainly that various types of machinery need to be installed.
6. Cost & Investment to Start Nuts & Bolts Manufacturing Unit
The minimum investment needed to set up this manufacturing unit will be around 20 Lacs in Indian Rupees. It includes machinery, licenses, and manpower costs.
7. Arrange Funds
If you are short in budget, there will be a need to approach banks and other loan providers to secure funding. You must have your business project plan ready before pitching for funds from financial institutions.
8. Where to Find Nuts and Bolts Manufacturers?
The best way to find manufacturers of nuts and bolts nowadays is by searching online. You will find plenty of machine manufacturers just by browsing search engines like Google. The top places to find are Indiamart, Trade India, Alibaba, etc.