Evaluation of Cost Effectiveness of Onibode Fire-Clay for Production of High Quality Refractory Bricks
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Date
2015
Authors
Esezobor, D.E.
Apeh, F.I.
Udo, M.O.
Fabiyi, M.
Apeh, E.S.
Journal Title
Journal ISSN
Volume Title
Publisher
Journal of Minerals and Materials Characterization and Engineering
Abstract
In establishing a plant or factory, the cost-benefit analysis is needed to determine the viability for such financial investment on the project. In this paper, the cost establishing a factory of 200,000 bricks per annum capacity, for the production of high quality refractory bricks from locally available raw materials in Nigeria was evaluated. The evaluation was conducted on the virgin refractory material (100%) as well as with varied percentages (10% - 40%) of alumina additions. The result of cost benefit analysis indicated that, the project was viable, with the highest cost at N1,203.66 per brick as against N1,800 (at 3 years projections) of the imported brick. The payback period for the capital investment was very short (within two years). The findings will aid investors in decision makings.
Description
Staff publications
Keywords
Cost-benefit-analysis , High-tempreture , Refractory bricks , Steel plants , Research Subject Categories::TECHNOLOGY
Citation
Esezobor, D.E., Apeh, F.I., Udo, M.O., Fabiyi, M. and Apeh, E.S. (2015). Evaluation of Cost Effectiveness of Onibode Fire-Clay for Production of High Quality Refractory Bricks. Journal of Minerals and Materials Characterization and Engineering, 3, 399-408. http://dx.doi.org/10.4236/jmmce.2015.35042