Open AccessStart-up investment for a sheep wool processing line
Author(s) -
Mircea Constantin Opriş,
Dana Corina Deselnicu
Publication year - 2020
Language(s) - English
Resource type - Conference proceedings
DOI - 10.24264/icams-2020.v.8
Subject(s) - wool , profitability index , profit (economics) , investment (military) , profit margin , business , raw material , sustainability , industrial organization , operations management , environmental economics , engineering , economics , marketing , finance , microeconomics , ecology , chemistry , archaeology , organic chemistry , politics , biology , political science , law , history
Sheep wool has been a resource we had access to for a very long time and it is widely used on large scale. It has remarkable properties of which people can take benefit from in many ways. After processing the sheep wool by using special machinery, it provides various applications in different industries such as pharmaceuticals, cosmetics, textiles, and fabrics. The main objective of this research is the analysis of a sheep wool processing line and the estimated start-up investment for this type of business in Romania. In this paper, the wool processing line was depicted, the necessary equipment was analyzed, and the total cost of investment was calculated, in order to conclude on the feasibility of the investment. The results of this research paper are taking into consideration the full value of the sheep wool and the profit that can be generated by processing it, as well as providing relevant data regarding time and costs of starting a business in Romania, analyzing the sustainability and profitability of the raw material that can be found in Romania. Sheep wool is a high potency raw material for multiple industries, and it can provide a big margin for obtaining profit by processing it.