For a business in the manufacturing sector to thrive, it needs to go beyond the product it offers. This is because technology has made very easy for the end consumer to easily access information, compare different products, and buy products from anywhere in the world.
If you want to start a business in this sector, you need to not only have a high-quality product but also create memorable customer experiences. But, how do you meet these competing priorities and run a profitable business when you can only afford a moderate investment?
Here are new manufacturing business ideas with medium investment:
1. Autoclaved Aerated Concrete
This is a building material made up of cement and lime and is incombustible. It has become popular lately due to its environmental benefits. Want to know how to start an AAC plant? Watch this video:
2. Corrugated Cartons and Boxes
According to the Food and Agricultural Organization (FAO), this is the most common packaging materials, especially in developing countries, including metal, plastic, glass, wood, paper, and newsprint.
Starting a corrugated cartons and boxes manufacturing business is a good idea as these materials are fast replacing wooden boxes. The former is lightweight and strong, while again, taking care of the environment as there will be fewer trees being cut.
3. Vitamin C
A study by Zion Market Research Company in 2016 shows that due to an increased global demand for ascorbic acid in the pharmaceutical industry, the sector was set to grow by 4.8% 9$263.4). It is only wise to get a share of these dollars.
4. Precipitated Silica from Rice Husk Ash
During rice milling, 22% of the waste product is rice husk. The husk is subjected to a process referred as firing, where at least 25% is converted into ash. The ash is referred to as Rice Ash Husk (RHA). Guess what is the major component in the rice husk? 85 to 90% amorphous silica. What a treasure!
Amorphous silica is used to isolate the regions of conductivity in semiconductor circuits as it has a high mechanical resistance, selectivity which allows for chemical modification and high dielectric strength.
Some of these new manufacturing business ideas with medium investment are absolutely interesting, want to delve into more?
5. Particle Boards
These are made from glued small wooden chips (like small wood flakes and sawmill shavings,) and sawdust that are heat pressed together firmly. They are an affordable option for floor or wall bases, as well as ready-made furniture.
The end product is usually made water resistant fire or even insect-proof via using dyes, release agents, wax and wetting agents.
6. LED Light assembling
If you are a handy person, who is passionate about electricity, you can start a LED light assembling business. It is advisable to identify a company you can link with and offer the service.
Buying a competitor’s products and breaking them down will also equip you with the knowledge of their products, giving you an edge over them. Further market information like spare parts and raw material sourcing will also come in handy.
Some parts of the world may be more advanced in this manufacturing business making it more competitive. It is advisable to study your niche market carefully.
7. Toner powder for MINCs
The video below will help you learn how to make some toner powder for your MINC making it easier to apply foil to your artwork or craft project.
8. LPG Gas burners
LPG gas is clean with low carbon dioxide emissions and has a flame temperature that can be controlled. It is also environmentally friendly. The burners have very low maintenance as there is no soot that accumulates during combustion. LPG burners are also highly thermal efficient making them a popular option.
You can begin manufacturing LPG burners and selling to companies selling LPG gas, gas cylinders and spare parts. Alternatively, you can create your own niche market and sell directly to consumers. Training on how to repair the burners will be an added advantage. Better still, you could train people on the best practices to help them stay safe when using the LPG burners.
If you want to sell to a local market, here is a video that can teach you how to make the LPG burners at home:
All in all
The above new manufacturing business ideas with medium investment show you that you can run a business in the manufacturing sector affordably yet creatively. What other business ideas can you identify around you? Please share using the comment box below.
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