A Project Feasibility Study of Eco-friendly Socks made from Corn Husk Fabric (Proposal)

1. ECO-FRIENDLY SOCKS MADE
FROM CORN HUSK FABRIC
Project Feasibility Study Proposal

2. Background of the Project /
Rationale
Corn or maize is the
second-largest agricultural
crop in the world as well as
in the Philippines.
In the Region III, it covers a total
land area of 2,147,036 hectares
and 41% of the A&D lands are
agricultural plains, with rice as the
major crop as well as corns and
bananas.

3. Background of the Project /
Rationale
Corn Stalks
Corn Leaves
Corn Cobs
Corn Husks

4. Background of the Project /
Rationale
Corn Husk
Corn Husk Fibre Corn-
based

5. Objectives
 To develop versatile and environmental-friendly
socks made from corn husk
 To turn a generally discarded waste into a value-
added product
 Conservation of land and resources by converting
corn husk into fabric
 Sustainable and practical raw materials by using
renewable resources and largely cultivated crop
in the country
 To be profitable and increase market distinction
over the other existing products

6. Marketing Aspect
 Product – The proposed product is a tangible good that
provides the need and comfort for the socks consumers.
Eco-friendly Socks made from Corn Husk Fabric offers
environmental friendly and cost-saving alternative for
synthetic fabric socks.

7. Marketing Aspect
 Price – The target price of the proposed product is
reasonable than the first launched corn-based socks in
Japan since the raw materials needed were abundant in the
area and has a low cost. In addition, the target audiences
were mostly likely students, athletes, workers and every
sock consumers within the area. It may have a slight
difference from the existing socks.Socks
Brand Source Type Pair Price
Fox River Socks Corn-based 1 P 509.48
Sofsole Zalora Cotton 3 P550.00
Gametime Zalora Polyester 1 P299.75

8. Marketing Aspect
 Place – The target market for the proposed product are the
department stores, supermarkets, boutiques and public
markets in the cities of San Fernando, Angeles and
Mabalacat whereas the said users are most likely to buy
since the schools, offices and factories are within these
areas.

9. Marketing Aspect
 Promotion – The product will be promoted through seminars
about green and eco-friendly products, promotional photos
and videos in social media, printed advertisements, and
samples will be provided to let consumers test the quality
and difference of the proposed product from the existing
socks in the market.

10. Technical Aspect
1
2
3
4
90% Ingeo
8% Nylon
2% Lycra
3D
FIRST CORN-BASED
CURRENT PROCESS

11. Technical Aspect
cotton, wool,
nylon, acrylic,
polyester, olefins,
(such as
polypropylene),
or spandex
pattern coding
yarn
preparation
knitting socks
linking/sewing
socks
boarding
pairing
labelling &
packingCOMMERCIAL SOCKS:
CURRENT
MATERIALS
C
U
R
R
E
N
T
P
R
O
C
E
S
S

12. Technical Aspect
DETAILED CURRENT
PROCESS

13. Technical Aspect
chemicals will put together in a stainless-steel
tumbling reactor with the husk for fibre
extraction
reactor rotates continuously for ½ hour while
piping in hot water
extracted fibres are washed with water then
dried
applying another biochemical treatment to
reduce coarse fibres
once bleached, the fibres are spun into yarns
and coloured with common cotton dyes
the yarns will be knitted to turn it into socks in
the socks knitting machine
1
2
3
4
6
5
SOCKS MADE WITH CORN
HUSK FIBRE PROCESS

14. Technical Aspect
The socks made from corn husk
fabric offers low cost since the raw
materials were cheap and abundant
within the location. The proposed
socks are also practical, durable,
and stretchable than cotton and it is
more comfortable than synthetic
socks. The socks offer three colors
(black, white and gray) suitable for
the wide range of use like in school,
work or sports and no gender
specific.

15. Financial Aspect
PRODUCTION MACHINE COSTING
Item Quantity Cost (Php)
Fiber Extraction
Machine 1 88,490
Dyeing Machine 1 80,250
Sock Knitting
Machine 1 150,164
TOTAL (Php) 318,904.00
ESTIMATED VARIABLE COST
TOTAL 100,000.00
ESTIMATED FIXED COST
Item Cost (Php)
Indirect Materials 50,000
Labor 10,000
Electricity 75,000
Rent 120,000
Repairs and
Maintenance 35,000
TOTAL (Php) 380,000.00

16. Financial Aspect
COST OF GOODS SOLD:
P 480,000.00
WORKING CAPITAL:
P 480,000.00 + P 318,904.00 = P
798,904
SALES REVENUE
Product
Selling Price
(Php)
Quantities Sold per
Day
(Assuming 365 days)
TOTAL SALES
Eco-Friendly Socks
made from Corn
Husk
200.00 15 1,095,000

17. Financial Aspect
Income Statement
Eco-Friendly Socks made from Corn Husk
December 31, 2018
Sales Revenue
Less: Cost of Goods Sold + Machineries
Gross profit
Less: Operating Expenses
Selling Expense
Lease Expense
Total operating expenses
Operating profit
Php
1,095,000
798,904
Php
296,096
25,000
120,000
145,000
Php
151,096RETURN OF INVESTMENT:

18. Environmental/Social Aspect
 The proposed product doesn’t have short or long term
permanent danger in the environment because it conserves
the land and resources by using corn husk as its fabric since
you get fiber and food from the same plant, it’s a renewable
resource and as the corn is largely grown in the country the
corn husk is readily available which means abundant source
of cellulosic fiber. Also, it doesn’t have harmful emissions
during production, service life and after disposal. In this case,
it will have an impact on the economy in our country because
of the less generation of waste by turning a so-called waste
into a value-added product.

19. Methodology
 The proponent is planning to find where the raw materials
(mainly corn husk) can be acquired as well as find a
department or company who has knowledge, resources and
equipment to apply the treatment needed for the extracting
fibers from corn husk and turn it into sewing fabric to make
socks from it. For the proposed product, the applicable testing
elements includes yarn longitudinal mass, yarn breaking force,
elongation at break, and yarn twist with a total amount fee of
P2,465.00 that is available in the testing centers of DOST-
PTRI (Department of Science and Technology-Philippine
Textile Research Institute).

20. Major Activities/Work Plan

21. Expected Output
 To produce the expected function and design of the
proposed product, the proponent would do the
systematic processes necessary in producing socks. A
maximum of five trials are expected to come up with the
desired output.

22. Target Beneficiaries
 The target beneficiaries of the proposed product would be the
socks consumers and that would be the students, workers
and athletes that expects comfort and at the same time sense
of fashion. Other than that, it has also contributed into the
environment by giving awareness as well as in the upliftment
of the economy especially in the tourism and agriculture
sector by making use of natural/agricultural resources of our
country and turning it into a value-added product.

23. Project BudgetActivities Estimated Cost
Printing of Proposal P 50.00
Printing of Forms P 200.00
Brown Envelope P 20.00
Load for Internet Connection
and Prepaid P 1,000.00
Proponents’ Food P 1,000.00
Photocopy of Survey Forms P 300.00
Materials for prototype P 2,000.00
Completion (Printing and Book
Bind) P 1,500.00
Testing of prototype P 2,500.00
Transportation in investigation
and processing of the product P 2,000.00
Food for Project’s Oral
Defense P 700.00
TOTAL P 11,270.00