TITLE:
Evaluation of Cost Effectiveness of Onibode Fire-Clay for Production of High Quality Refractory Bricks
AUTHORS:
David Ehigie Esezobor, Friday Ichifu Apeh, Mfon Okon Udo, Mustapha Fabiyi, Enebi Solomon Apeh
KEYWORDS:
Cost-Benefit-Analysis, High-Temperature, Refractory Bricks, Steel Plants
JOURNAL NAME:
Journal of Minerals and Materials Characterization and Engineering,
Vol.3 No.5,
August
26,
2015
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.