Company SummaryThe Company will capitalize on theopportunities in the recycled resin and packaging markets throughtwo main divisions: a Recycling Division and a PackagingDivision.Recycling DivisionUsing a patented process, the Company has a PETcleaning and refining plant located in the western Nigeria; wechose this region because of its environmental favorabilityand because most leading manufacturing companies have their plantsin the west (Ogun, Ibadan) .Her annual capacity is 46 millionpounds and it utilizes bottle feed stock from Lagos and Ogun State,which collect over 100,000,000 pounds per year. The Company istotally vertically integrated, and use all or almost all of itsrecycled material in its ManufacturingDivision. The Company currently hascommitments from customers who purchase virtuallly allproduction capacity. 2.1 CompanyOwnershipSedel Recycling is owned by the initialfounder, S, Matanmi, who is the proposed executive of the operatingentity. The plan was conceived and developed by him, with theintent to apply his extensive experience and contacts in theindustry to building a successful profitableorganisation.
