SlideShare a Scribd company logo
ECO-FRIENDLY SOCKS MADE
FROM CORN HUSK FABRIC
Project Feasibility Study Proposal
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.
Background of the Project /
Rationale
Corn Stalks
Corn Leaves
Corn Cobs
Corn Husks
Background of the Project /
Rationale
Corn Husk
Corn Husk Fibre Corn-
based
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
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.
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
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.
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.
Technical Aspect
1
2
3
4
90% Ingeo
8% Nylon
2% Lycra
3D
FIRST CORN-BASED
CURRENT PROCESS
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
Technical Aspect
DETAILED CURRENT
PROCESS
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
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.
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
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
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:
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.
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).
Major Activities/Work Plan
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.
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.
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

More Related Content

Similar to AMAIZOCKS

Innovation in waste managment
Innovation in waste managmentInnovation in waste managment
Innovation in waste managment
Amr Helal
 
UITIC Italy - Swarna V Kanth
UITIC Italy - Swarna V KanthUITIC Italy - Swarna V Kanth
UITIC Italy - Swarna V Kanth
UITICItaly
 
Driving Carton Recycling Value Chain by Jiayu Wan, Tetrapak
Driving Carton Recycling Value Chain by Jiayu Wan, TetrapakDriving Carton Recycling Value Chain by Jiayu Wan, Tetrapak
Driving Carton Recycling Value Chain by Jiayu Wan, Tetrapak
Green Initiatives 绿色倡议
 
Understanding waste management (India)
Understanding waste management (India)Understanding waste management (India)
Understanding waste management (India)
Rajat Batra
 
FAIRMAT - Impact report 2023 by Slidor v2 GS.pdf
FAIRMAT - Impact report 2023 by Slidor v2 GS.pdfFAIRMAT - Impact report 2023 by Slidor v2 GS.pdf
FAIRMAT - Impact report 2023 by Slidor v2 GS.pdf
anne249861
 
FAIRMAT - Impact report 2023 by Slidor v2 GS.pdf
FAIRMAT - Impact report 2023 by Slidor v2 GS.pdfFAIRMAT - Impact report 2023 by Slidor v2 GS.pdf
FAIRMAT - Impact report 2023 by Slidor v2 GS.pdf
anne249861
 
Strategic Management & Export Marketing
Strategic Management & Export Marketing Strategic Management & Export Marketing
Strategic Management & Export Marketing Kristine Bezbaile
 
The role of packaging in the supply chain
The role of packaging in the supply chainThe role of packaging in the supply chain
The role of packaging in the supply chainKobus van Eeden
 
Techno-Economic Feasibility Study Report on IQF Plant for Manufacturing Froze...
Techno-Economic Feasibility Study Report on IQF Plant for Manufacturing Froze...Techno-Economic Feasibility Study Report on IQF Plant for Manufacturing Froze...
Techno-Economic Feasibility Study Report on IQF Plant for Manufacturing Froze...Dr. Sreekanta Sheel
 
EDC Packaging
EDC PackagingEDC Packaging
EDC PackagingInfo EDCW
 
Saral Gyan Hidden Gem - Feb 2016
Saral Gyan Hidden Gem - Feb 2016Saral Gyan Hidden Gem - Feb 2016
Saral Gyan Hidden Gem - Feb 2016
SaralGyanTeam
 
Cirkulær plastøkonomi i virkeligheden – bakke til bakke genanvendelse
Cirkulær plastøkonomi i virkeligheden – bakke til bakke genanvendelseCirkulær plastøkonomi i virkeligheden – bakke til bakke genanvendelse
Cirkulær plastøkonomi i virkeligheden – bakke til bakke genanvendelse
Plastindustrien
 
Biopolymers_highlights2014-2015
Biopolymers_highlights2014-2015Biopolymers_highlights2014-2015
Biopolymers_highlights2014-2015Florian Graichen
 
Goat Marketing - wynnie rondon.docx
Goat Marketing - wynnie rondon.docxGoat Marketing - wynnie rondon.docx
Goat Marketing - wynnie rondon.docx
ISCC2
 
Disposable Diaper Case
Disposable Diaper CaseDisposable Diaper Case
Disposable Diaper Casesmehro
 
(XIMB) Sustainability plastic industry
(XIMB) Sustainability plastic industry(XIMB) Sustainability plastic industry
(XIMB) Sustainability plastic industry
SustainabilityXIMB
 
Industrial attachment of epyllion knitex ltd
Industrial  attachment  of  epyllion knitex ltdIndustrial  attachment  of  epyllion knitex ltd
Industrial attachment of epyllion knitex ltdMd. Mazadul Hasan Shishir
 
Cbi ace final project
Cbi ace final projectCbi ace final project
Cbi ace final projectwalkthis
 

Similar to AMAIZOCKS (20)

Innovation in waste managment
Innovation in waste managmentInnovation in waste managment
Innovation in waste managment
 
UITIC Italy - Swarna V Kanth
UITIC Italy - Swarna V KanthUITIC Italy - Swarna V Kanth
UITIC Italy - Swarna V Kanth
 
Driving Carton Recycling Value Chain by Jiayu Wan, Tetrapak
Driving Carton Recycling Value Chain by Jiayu Wan, TetrapakDriving Carton Recycling Value Chain by Jiayu Wan, Tetrapak
Driving Carton Recycling Value Chain by Jiayu Wan, Tetrapak
 
Understanding waste management (India)
Understanding waste management (India)Understanding waste management (India)
Understanding waste management (India)
 
FAIRMAT - Impact report 2023 by Slidor v2 GS.pdf
FAIRMAT - Impact report 2023 by Slidor v2 GS.pdfFAIRMAT - Impact report 2023 by Slidor v2 GS.pdf
FAIRMAT - Impact report 2023 by Slidor v2 GS.pdf
 
FAIRMAT - Impact report 2023 by Slidor v2 GS.pdf
FAIRMAT - Impact report 2023 by Slidor v2 GS.pdfFAIRMAT - Impact report 2023 by Slidor v2 GS.pdf
FAIRMAT - Impact report 2023 by Slidor v2 GS.pdf
 
Strategic Management & Export Marketing
Strategic Management & Export Marketing Strategic Management & Export Marketing
Strategic Management & Export Marketing
 
The role of packaging in the supply chain
The role of packaging in the supply chainThe role of packaging in the supply chain
The role of packaging in the supply chain
 
Techno-Economic Feasibility Study Report on IQF Plant for Manufacturing Froze...
Techno-Economic Feasibility Study Report on IQF Plant for Manufacturing Froze...Techno-Economic Feasibility Study Report on IQF Plant for Manufacturing Froze...
Techno-Economic Feasibility Study Report on IQF Plant for Manufacturing Froze...
 
EDC Packaging
EDC PackagingEDC Packaging
EDC Packaging
 
Saral Gyan Hidden Gem - Feb 2016
Saral Gyan Hidden Gem - Feb 2016Saral Gyan Hidden Gem - Feb 2016
Saral Gyan Hidden Gem - Feb 2016
 
Cirkulær plastøkonomi i virkeligheden – bakke til bakke genanvendelse
Cirkulær plastøkonomi i virkeligheden – bakke til bakke genanvendelseCirkulær plastøkonomi i virkeligheden – bakke til bakke genanvendelse
Cirkulær plastøkonomi i virkeligheden – bakke til bakke genanvendelse
 
Biopolymers_highlights2014-2015
Biopolymers_highlights2014-2015Biopolymers_highlights2014-2015
Biopolymers_highlights2014-2015
 
Goat Marketing - wynnie rondon.docx
Goat Marketing - wynnie rondon.docxGoat Marketing - wynnie rondon.docx
Goat Marketing - wynnie rondon.docx
 
Disposable Diaper Case
Disposable Diaper CaseDisposable Diaper Case
Disposable Diaper Case
 
(XIMB) Sustainability plastic industry
(XIMB) Sustainability plastic industry(XIMB) Sustainability plastic industry
(XIMB) Sustainability plastic industry
 
D&T A5
D&T A5D&T A5
D&T A5
 
Industrial attachment of epyllion knitex ltd
Industrial  attachment  of  epyllion knitex ltdIndustrial  attachment  of  epyllion knitex ltd
Industrial attachment of epyllion knitex ltd
 
Cbi ace final project
Cbi ace final projectCbi ace final project
Cbi ace final project
 
unifi
unifiunifi
unifi
 

Recently uploaded

Event Management System Vb Net Project Report.pdf
Event Management System Vb Net  Project Report.pdfEvent Management System Vb Net  Project Report.pdf
Event Management System Vb Net Project Report.pdf
Kamal Acharya
 
block diagram and signal flow graph representation
block diagram and signal flow graph representationblock diagram and signal flow graph representation
block diagram and signal flow graph representation
Divya Somashekar
 
Cosmetic shop management system project report.pdf
Cosmetic shop management system project report.pdfCosmetic shop management system project report.pdf
Cosmetic shop management system project report.pdf
Kamal Acharya
 
weather web application report.pdf
weather web application report.pdfweather web application report.pdf
weather web application report.pdf
Pratik Pawar
 
Democratizing Fuzzing at Scale by Abhishek Arya
Democratizing Fuzzing at Scale by Abhishek AryaDemocratizing Fuzzing at Scale by Abhishek Arya
Democratizing Fuzzing at Scale by Abhishek Arya
abh.arya
 
ethical hacking in wireless-hacking1.ppt
ethical hacking in wireless-hacking1.pptethical hacking in wireless-hacking1.ppt
ethical hacking in wireless-hacking1.ppt
Jayaprasanna4
 
Railway Signalling Principles Edition 3.pdf
Railway Signalling Principles Edition 3.pdfRailway Signalling Principles Edition 3.pdf
Railway Signalling Principles Edition 3.pdf
TeeVichai
 
CFD Simulation of By-pass Flow in a HRSG module by R&R Consult.pptx
CFD Simulation of By-pass Flow in a HRSG module by R&R Consult.pptxCFD Simulation of By-pass Flow in a HRSG module by R&R Consult.pptx
CFD Simulation of By-pass Flow in a HRSG module by R&R Consult.pptx
R&R Consult
 
一比一原版(SFU毕业证)西蒙菲莎大学毕业证成绩单如何办理
一比一原版(SFU毕业证)西蒙菲莎大学毕业证成绩单如何办理一比一原版(SFU毕业证)西蒙菲莎大学毕业证成绩单如何办理
一比一原版(SFU毕业证)西蒙菲莎大学毕业证成绩单如何办理
bakpo1
 
H.Seo, ICLR 2024, MLILAB, KAIST AI.pdf
H.Seo,  ICLR 2024, MLILAB,  KAIST AI.pdfH.Seo,  ICLR 2024, MLILAB,  KAIST AI.pdf
H.Seo, ICLR 2024, MLILAB, KAIST AI.pdf
MLILAB
 
J.Yang, ICLR 2024, MLILAB, KAIST AI.pdf
J.Yang,  ICLR 2024, MLILAB, KAIST AI.pdfJ.Yang,  ICLR 2024, MLILAB, KAIST AI.pdf
J.Yang, ICLR 2024, MLILAB, KAIST AI.pdf
MLILAB
 
MCQ Soil mechanics questions (Soil shear strength).pdf
MCQ Soil mechanics questions (Soil shear strength).pdfMCQ Soil mechanics questions (Soil shear strength).pdf
MCQ Soil mechanics questions (Soil shear strength).pdf
Osamah Alsalih
 
Hybrid optimization of pumped hydro system and solar- Engr. Abdul-Azeez.pdf
Hybrid optimization of pumped hydro system and solar- Engr. Abdul-Azeez.pdfHybrid optimization of pumped hydro system and solar- Engr. Abdul-Azeez.pdf
Hybrid optimization of pumped hydro system and solar- Engr. Abdul-Azeez.pdf
fxintegritypublishin
 
CME397 Surface Engineering- Professional Elective
CME397 Surface Engineering- Professional ElectiveCME397 Surface Engineering- Professional Elective
CME397 Surface Engineering- Professional Elective
karthi keyan
 
Nuclear Power Economics and Structuring 2024
Nuclear Power Economics and Structuring 2024Nuclear Power Economics and Structuring 2024
Nuclear Power Economics and Structuring 2024
Massimo Talia
 
Automobile Management System Project Report.pdf
Automobile Management System Project Report.pdfAutomobile Management System Project Report.pdf
Automobile Management System Project Report.pdf
Kamal Acharya
 
COLLEGE BUS MANAGEMENT SYSTEM PROJECT REPORT.pdf
COLLEGE BUS MANAGEMENT SYSTEM PROJECT REPORT.pdfCOLLEGE BUS MANAGEMENT SYSTEM PROJECT REPORT.pdf
COLLEGE BUS MANAGEMENT SYSTEM PROJECT REPORT.pdf
Kamal Acharya
 
Sachpazis:Terzaghi Bearing Capacity Estimation in simple terms with Calculati...
Sachpazis:Terzaghi Bearing Capacity Estimation in simple terms with Calculati...Sachpazis:Terzaghi Bearing Capacity Estimation in simple terms with Calculati...
Sachpazis:Terzaghi Bearing Capacity Estimation in simple terms with Calculati...
Dr.Costas Sachpazis
 
ASME IX(9) 2007 Full Version .pdf
ASME IX(9)  2007 Full Version       .pdfASME IX(9)  2007 Full Version       .pdf
ASME IX(9) 2007 Full Version .pdf
AhmedHussein950959
 
Gen AI Study Jams _ For the GDSC Leads in India.pdf
Gen AI Study Jams _ For the GDSC Leads in India.pdfGen AI Study Jams _ For the GDSC Leads in India.pdf
Gen AI Study Jams _ For the GDSC Leads in India.pdf
gdsczhcet
 

Recently uploaded (20)

Event Management System Vb Net Project Report.pdf
Event Management System Vb Net  Project Report.pdfEvent Management System Vb Net  Project Report.pdf
Event Management System Vb Net Project Report.pdf
 
block diagram and signal flow graph representation
block diagram and signal flow graph representationblock diagram and signal flow graph representation
block diagram and signal flow graph representation
 
Cosmetic shop management system project report.pdf
Cosmetic shop management system project report.pdfCosmetic shop management system project report.pdf
Cosmetic shop management system project report.pdf
 
weather web application report.pdf
weather web application report.pdfweather web application report.pdf
weather web application report.pdf
 
Democratizing Fuzzing at Scale by Abhishek Arya
Democratizing Fuzzing at Scale by Abhishek AryaDemocratizing Fuzzing at Scale by Abhishek Arya
Democratizing Fuzzing at Scale by Abhishek Arya
 
ethical hacking in wireless-hacking1.ppt
ethical hacking in wireless-hacking1.pptethical hacking in wireless-hacking1.ppt
ethical hacking in wireless-hacking1.ppt
 
Railway Signalling Principles Edition 3.pdf
Railway Signalling Principles Edition 3.pdfRailway Signalling Principles Edition 3.pdf
Railway Signalling Principles Edition 3.pdf
 
CFD Simulation of By-pass Flow in a HRSG module by R&R Consult.pptx
CFD Simulation of By-pass Flow in a HRSG module by R&R Consult.pptxCFD Simulation of By-pass Flow in a HRSG module by R&R Consult.pptx
CFD Simulation of By-pass Flow in a HRSG module by R&R Consult.pptx
 
一比一原版(SFU毕业证)西蒙菲莎大学毕业证成绩单如何办理
一比一原版(SFU毕业证)西蒙菲莎大学毕业证成绩单如何办理一比一原版(SFU毕业证)西蒙菲莎大学毕业证成绩单如何办理
一比一原版(SFU毕业证)西蒙菲莎大学毕业证成绩单如何办理
 
H.Seo, ICLR 2024, MLILAB, KAIST AI.pdf
H.Seo,  ICLR 2024, MLILAB,  KAIST AI.pdfH.Seo,  ICLR 2024, MLILAB,  KAIST AI.pdf
H.Seo, ICLR 2024, MLILAB, KAIST AI.pdf
 
J.Yang, ICLR 2024, MLILAB, KAIST AI.pdf
J.Yang,  ICLR 2024, MLILAB, KAIST AI.pdfJ.Yang,  ICLR 2024, MLILAB, KAIST AI.pdf
J.Yang, ICLR 2024, MLILAB, KAIST AI.pdf
 
MCQ Soil mechanics questions (Soil shear strength).pdf
MCQ Soil mechanics questions (Soil shear strength).pdfMCQ Soil mechanics questions (Soil shear strength).pdf
MCQ Soil mechanics questions (Soil shear strength).pdf
 
Hybrid optimization of pumped hydro system and solar- Engr. Abdul-Azeez.pdf
Hybrid optimization of pumped hydro system and solar- Engr. Abdul-Azeez.pdfHybrid optimization of pumped hydro system and solar- Engr. Abdul-Azeez.pdf
Hybrid optimization of pumped hydro system and solar- Engr. Abdul-Azeez.pdf
 
CME397 Surface Engineering- Professional Elective
CME397 Surface Engineering- Professional ElectiveCME397 Surface Engineering- Professional Elective
CME397 Surface Engineering- Professional Elective
 
Nuclear Power Economics and Structuring 2024
Nuclear Power Economics and Structuring 2024Nuclear Power Economics and Structuring 2024
Nuclear Power Economics and Structuring 2024
 
Automobile Management System Project Report.pdf
Automobile Management System Project Report.pdfAutomobile Management System Project Report.pdf
Automobile Management System Project Report.pdf
 
COLLEGE BUS MANAGEMENT SYSTEM PROJECT REPORT.pdf
COLLEGE BUS MANAGEMENT SYSTEM PROJECT REPORT.pdfCOLLEGE BUS MANAGEMENT SYSTEM PROJECT REPORT.pdf
COLLEGE BUS MANAGEMENT SYSTEM PROJECT REPORT.pdf
 
Sachpazis:Terzaghi Bearing Capacity Estimation in simple terms with Calculati...
Sachpazis:Terzaghi Bearing Capacity Estimation in simple terms with Calculati...Sachpazis:Terzaghi Bearing Capacity Estimation in simple terms with Calculati...
Sachpazis:Terzaghi Bearing Capacity Estimation in simple terms with Calculati...
 
ASME IX(9) 2007 Full Version .pdf
ASME IX(9)  2007 Full Version       .pdfASME IX(9)  2007 Full Version       .pdf
ASME IX(9) 2007 Full Version .pdf
 
Gen AI Study Jams _ For the GDSC Leads in India.pdf
Gen AI Study Jams _ For the GDSC Leads in India.pdfGen AI Study Jams _ For the GDSC Leads in India.pdf
Gen AI Study Jams _ For the GDSC Leads in India.pdf
 

AMAIZOCKS

  • 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
  • 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).
  • 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