Business Plan Term Paper Example | Topics and Well Written Essays - 1500 words - 2

Business Plan - Term Paper Example Other products include the production of irrigation equipments, Co2 detectors as well as bottles. Eco plastic and mould company concentrates in the manufacture of plastic products. It has been in operation in Taiwan for the lasts 12 years. In developing this business plan, the company wishes to introduce a new production unit. Recent technological advancement has ensured that manufactures of plastic use materials economically. Therefore, Eco- plastic and Mould Company provides new plastic containers that replace traditional metal containers. For the last 50 years, metallic containers have been important feature in industries. However, metallic containers are prone rust, require painting, and are difficult to recycle. With this in mind, the company provides drums with same structural strength but of plastic material (Luo, 2014). On the other hand, plastics have an ability to take various shapes through molding. Since plastic products are rust, proof, able to stand diverse climatic conditions, their use in Taiwan captures a wide market. In Taiwan, plastic products have gained acceptance with diverse consumers. The company uses advanced engineering on polymer to produce high impact materials, long lasting materials. Such engineering advances have made it necessary for the production of industrial drum products. The company enjoys a market opportunity for recycling plastic products. Taiwan’s growing population provides great market opportunity for Econ plastic and Mould Company. On the other hand, the greater Asian market provides a wide market opportunity for the company (Miltenburg, 2005). In terms of competition, Formosa Plastic corp. probably is the most competitive organization in the region. Eco plastic and Mould Company operate in Taiwan and within the Asian region. The company began its operations over 10 years ago. It specializes in producing quality plastic products as well as plastic