Do you want to start a rubber floor mats manufacturing business? Here in this article, we have compiled every detail related to initiating a rubber floor mats manufacturing company. You can initiate this profitable manufacturing business on a small and medium scale basis with moderate capital investment. Additionally, the manufacturing process is not difficult.
Rubber floor mats include industrial rubber mats, anti-static mats, anti-vibration mats, anti-fatigue mats, high school wrestling mats, rubber mats for use at home, entrance mats, interior mats, and so on. However, the major use of floor mats is to effectively remove and trap dirt and moisture at the workplace as well as at home.
Is Rubber Floor Mats Manufacturing Business Profitable?
Rubber floor mats offer consumers two key advantages. Firstly, they help reduce non-biodegradable waste in the ecosystem by using old vehicle tires and other unused rubber items. Secondly, as a more direct benefit, they tend to be more affordable than their non-natural synthetic rubber counterparts.
Rubber floor mats find everyday domestic use in providing great utility in the scrubbing of the dirt from shoes & slippers. Rubber mats are also essential items as a floor covering around electrical panels as a safeguard to the life and limb of the workmen due to possible leakage of current and short-circuit.
It also provides an oil-resistant floor covering. Oil-resistant rubber floor mats are used near heavy machinery in industries. Thus, the product has good market potential. Additionally, rubber floor mats making is a profitable investment opportunity for new entrepreneurs.
Rubber Floor Mats Project Plan Guide for Beginners
Here are the 8 Steps to start rubber floor mats manufacturing company:
1. Understand the Market
The trends and demand for rubber mats vary from one location to another. It is extremely important to conduct detailed market research before jumping into manufacturing goods. get information regarding the product, prices, and market competition, and then plan the business exploring the gap.
2. Create a Business Project Plan Report
A business project plan is a very important document not only for creating a roadmap for the success of the business but also is the single-most-important document to arrange finance from investors. It is advised to take professional help from plan writers in creating the project report.
3. Business Registration & License
In starting a rubber floor mat-making business, you will need to obtain different registrations and licenses from different Government Authorities.
- Business registration with ROC
- Trade License from Municipal Authority
- Factory License
- Udyog Aadhaar MSME Registration
- ‘No Objection Certificate’ from the Pollution Control Board
- GST Registration
These are the basic registration and license that you will need to have in starting rubber floor mats making business in India.
4. Arrange Finance
As with any manufacturing business, two types of costs are involved in the rubber mats-making business. One is a fixed capital investment, which includes land, building, infrastructure, and machinery.
Another one is the working capital investment, which includes raw materials, packaging consumables, operating expenses, workforce costs, and marketing costs.
You can go for entire project finance from your banks or any financial institution. Or you can also apply for only fixed capital or only working capital simultaneously.
One can also explore loan apps that are nowadays providing funding with less paperwork.
5. Rubber Mats Making Machine & Equipment
You will need a wide variety of machines to produce rubber mats commercially depending on the scale of production. However, some of the basic plant and machinery items for rubber mats manufacturing are the following:
- Rubber Kneader
- Mixing Mill
- Multi-Day Light Hydraulic Press -2 nos
6. Rubber Floor Mats Manufacturing Process & Raw Materials
First of all, mix the rubber inside the kneader with stabilizers, vulcanizing agents, foaming agents, and pigments to make compounded rubber. Pour the kneaded rubber into the mixing mill. Here sheet the compound out in the proper thickness, width, and length.
Finally, place this sheet in the mold and heat in the hydraulic press to get vulcanized. After the curing time, the cured rubber is taken out and trimmed to get the final product.
Raw materials for the manufacture of rubber mats include various kinds of rubber-like NR, NBR, SBR, vulcanizing agents, colorants, stabilizers, etc. However, the total connected load is estimated at 200 KVA and the water requirement is estimated at 5KL / day.
7. Top Rubber Mat Manufacturers in India
There are many reputed companies that manufacture rubber floor mats in India. Checking these companies will give you a good idea about what kind of products are selling and the pricing. Below are some of them:
- Shree Tirupati Rubber Products
- Zenith Rubber
- Fajr Polymers
8. Cost & Investment to Manufacture Rubber Mats
The coat and investment for starting rubber mats production will depend largely on the production output. You can start this business on a small scale or medium scale based on your resources. However, roughly for the production of 300000 Sq Ft floor mats per annum, the approximate investment needed will be Rupees 4 Crore.
Editorial Staff at NextWhatBusiness is a team of Business Consultants having years of experience in small and medium scale businesses.