Cocopeat & Geotextiles Business Raising Funds In Chennai
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Product / Service
The product range includes coir fiber, cocopeat blocks, coco grow bags, coco logs, curled coir, and coir geotextiles.
Clientele type
China, Korea, Spain, Netherlands, USA, and the local market.
Premises
OWNED
Premise Size: 5 acres
Market Value (in INR): 8.50 Cr
Asking Price Includes
They are ready to offer 25% of the equity in exchange for raising funds.
Asking Price
INR 15.00 Cr
Minimum ticket size
INR 50,000,000 (INR 5.00 Cr)
Reason
They are two partners with 30 years of experience in the coir industry and operate three production units. They own 50 acres of land and are in the process of setting up a new factory for coir products under one roof. They require funds to support this new project.
Other Details
They have been in the coir business since 1998. Coir products, derived from coconut husks, are increasingly popular for their eco-friendliness and versatility.
1. Coir Fiber: Used in ropes, mats, and brushes, coir fiber is biodegradable and durable.
2. Cocopeat Blocks: Ideal for soil conditioning and horticulture, cocopeat retains moisture well and improves soil aeration.
3. Coco Grow Bags: These are used for growing plants in a controlled environment, promoting sustainable agriculture.
4. Curled Coir: Used in rubberized coir mattresses, providing natural, breathable, and firm support.
5. Coir Geotextile: Employed in erosion control and soil stabilization, coir geotextiles are biodegradable and enhance soil strength.
6. Cocologs: Used in landscaping and erosion control, cocologs help stabilize stream banks and slopes.
7. Coir Wood: An alternative to traditional wood, coir wood is durable and resistant to rot and termites.
The future of coir products is promising due to their sustainability and growing environmental concerns. Businesses in the coir industry benefit from increasing demand for eco-friendly materials, government support for sustainable products, and advancements in processing technologies. Expansion into new markets and innovative applications can further enhance growth opportunities.
The Pollachi factory features a 3.3-acre site with a 10,000 sq ft industrial shed, a 10,000 sq ft drying yard, labor quarters, a well, a borewell, and fencing with a gate. The machinery costs amount to ₹4,500,000.
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₹10 to ₹200 Cr
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