-
Capital Budgeting Decision In Manufacturing Company
[A CASE STUDY OF VITAL FOAM NIGERIA PLC LAGOS]
CHAPTER ONE -- [Total Page(s) 4]
Page 4 of 4
-
-
-
Vital foam Nigeria plc was incorporated in Nigeria as a private company on 4th August, 1962. The company was established to manufacture foam products having liquid later base such as molded mattresses, cushions pillows and upholstery sheeting.
The first factory was opened at Ikeja in 1963 for the production of latex foam mattresses and cushions. This type of foam was later superseded by the development of polyurethane foam and in 1966.the company installed its fist urethane foam production plant at the Ikeja premises later, the manufacture of carpet unclerlay, fiber pillows, rigid urethane insulating material and vital bond adhesive etc were added to its operations.
The company has acquired a high manufacturing capability through the support in the form of technology,research and development from vital international limited, UK Vita foam manufacturing locations are strategically spread across the country in order to make its range of products easily accessible. Thus, in addition to the Ikeja factory, which has been extensively enlarged, there are now four other manufacturing loations in ABA, JOS, KANO and SAPELE. The company head office is located at the Ikeja factory on Oba-Akran raod Ikeja. The sapele factory is involved with the production of rigid polyurethane foams which are used for insulation purposes in the oil and gas industries cold room construction refrigerated vehicles etc.
1.10 ORGANIZATION OF THE STUDY
This research will be divided into five chapters; each chapter contains the following.
Chapter one will contain the background of the study, statement of the problem, aim and objective of the study research question, research hypothesis statement significance of the study, scope and limitation of the study. Definition of the terms, history of vital foam Nigeria plc,Lagos.
Chapter two of the project is the Literature review, which shall look into the basic investment appraised techniques. A review of past studies, the theoretical frame work, capital budgeting, risk and uncertainty, capital investment appraisal under uncertainty and lastly the measure of risk.
Chapter three of the research work will be the research design determination of sample size, population of the study, sampling method, the data collection method, validation of the instrument, choice of statistical analysis re-statement of research Hypothesis, the questionnaire design and administration, data analysis techniques and lastly the limitation of the research.
Chapter four of the project will be the presentation analysis of data.
Chapter five will discuss the summary,conclusion and recommendations of the research work.
CHAPTER ONE -- [Total Page(s) 4]
Page 4 of 4
-
