Transatlantic Investment & Development Corporation. (TIDC) is a global enterprise with core competencies in the field of engineering manufacturing. Our products and services are engineered to make people's life more comfortable and business more profitable by conserving energies and providing employments. At the same time we want to create value through innovation, growth and social responsibilities

 One of our subsidiaries’ project entails the proactive MANUFACTURING OF U-CONCRETE ARCHITECTURAL BLOCKS, consolidation and entrenchment of the present business of TIDC through our subsidiary Worldwide Investment and Development Company (Nigeria) WIDC as a top-class and diversified corporate promotional services and supplies solution provider in Nigeria by financing its restructuring of its advance manufacturing technology and improved working capital base to allow the Company attain efficient operation levels required to satisfy its fast growing customer profile.

 Transatlantic Investment & Development Corp. is determined to maximize the open business relationship between the United States and Nigeria and work closely with WIDC to establish a technologically advance and more fruitful brand around Africa that will deliver cutting edge technology to a resourceful continent.

POWER PLANT                                                                                                                                         AUTOMOTIVE/PARTS MANUFACTURING

                                                                                                                                   

 TIDC Petroleum is on its way to becoming a leading petroleum distributor for Midwest Region. We offer a complete line of gas, diesel fuel, lubricants and specialty products. We perform routine quality checks in all stages of development to ensure that you only receive the best products.


Our teams are highly experienced professionals who are motivated to make sure that you receive only the finest products and service. We’re available 24-hours everyday. We regularly inform our customers about updates to our technology, changes to our products, and fluctuations in prices.

We can pump gas and fuel to any source below or above ground, or directly to your equipment. Same day deliveries are available, as well as emergency service. We supply:

• Major brand automotive and heavy duty lubricants
• Quarts to large bulk deliveries
• Fuel and lubricant Storage and dispensing systems
• Fuel storage that complies with all regulations
• Tank and pump repairs

OIL & GAS VENTURE:

“To identify, evaluate and if considered potentially profitable, invest in the exploitation of small and medium sized oil fields identified within the upstream sector of the oil and gas industry”
 

 

 Integrated Renewable Energy in Lekki, Nigeria - A Biodiesel refinery with dedicated feedstock.
A integrated renewable clean energy project in Nigeria focused on Biodiesel near completion. Seeking growth funding of 1.8 Mill USD to commence revenues in 20 weeks providing quick cash positive state. significant sharholding available.
Proposal Summary:

FueLogical Pte Ltd is a renewable clean energy company headquartered in Lagos, Nigeria focused on the production of Biodiesel from non edible feedstock using an environmentally friendly process.

Upon successful commissioning of its production plant in Nigeria, FueLogical will manufacture Biodiesel (B100) compliant with universal standards. Initial capacity will be of 15,000 tones on an annualized basis with plans to quadruple capacity over the next 18 months. 1st year EBITA ( earnings) is 1.8 Mill USD quadrupling over 3 years.

The main feedstock for the project is Jatropha Curcas, a wild vegetable oil plant sourced from specially cultivated, non-deforested land and will not compete with food production. FueLogical proposes to develop a cultivation project for this feedstock project in the Lekki or Abuja. Initial production will use waste cooking oil, Municipal waste, Animal fat and palm based waste oils sourced in Africa and across Asia.

The Global demand for biodiesel has ensured several reliable longterm markets. We now have contracted offtake agreements from several buyers in Africa, Asia and Europe.

FueLogical intends to commence commercial operations in 2012 and reach cash-positive status by the 3rd quarter of 2012. The company is targeting an operating income in the region of 12% to net sales by the end of 2012, progressing to over 40% by 2014.

Initial seed capital of USD2.5m is to be raised in February 2011 from private individuals to fund Stage 1 of the project. This has enabled the project to be taken to the stage of near completion eliminating all the risk issues of the project.

FueLogical is now seeking the Stage 2 growth funding of USD1.8m. Stage 2 funding will be applied to working capital to including the completion of the capital. It is expected to start production by June 2012 and the turnover per month expected to be USD1.1m. It is expected that the project will turn to be cash positive by the third quarter of 2012.
Fuelogical is offering a significant share holding in the project for the new capital injection.

We would be pleased to arrange a formal investor presentation and provide detailed information regarding FueLogical’s business plan.

KEY STRENGTHS


1. FueLogical has developed a unique environmentally sustainable manufacturing platform which results in scale up ability, operational excellence, feedstock flexibility, quick change-over , low yield losses and significantly lower capital requirements.

2. Our business model is based on a modular approach which allows ease of scaling with low capital requirements. Any Increase production capacity will be made in line with (i) profitability (ii) security of feedstock

3. High quality assets in United States of America and the West Africa:
– 28,000 sq ft refinery facility in Epe-Ishagamu, Nigeria including process plant, storage facilities, laboratory and offices

– 4,000 Ha of land in the Abuja for Jatropha plantation which in time will provide FueLogical with a long term captive source of feedstock, further land availability in Oshogbo, Nigeria.

4. Our project will be eligible for substantial carbon credits funding awarded by the United Nations Funds for Carbon Credits.

5. Highly profitable business that can yield 10 times the investment in 4 years. with a payback in 1 year.

6. Most sought after product in the world today is BIODIESEL. The new sustainable enrgy source for the emerging markets.


Management Team:
Fuelogical is proud to have put together a very competent key management structure to manage the operations of the company. Key management personnel have been chosen to be able to design and manage expansion of the business model as envisaged in the business plan. The philosophy behind the formation of the management team has been the realization of the sustainability principles. Emphasis has been placed of the social and environmental aspects of the management to ensure that the project is all time conscious of the triple bottom line principles. Expertise in the indusrty and experience is the essence of the management team


Nigeria’s Automobile Industry: A shadow of Itself !

 

Nigeria’s Automobile Industry: A shadow of Itself

 

In the last couple of years, notably since the global economic downturn in 2008, patronage of the grey import market has grown due to its relatively affordable options. The grey market goods are relatively affordable due to the sharp practices of the grey market dealers who act with near impunity. Practices such as an under declaration of goods and other methods to pay lower import duty, have created distortions in the market.

 

The Nigerian automobile market is mainly divided into two categories “New” and “Used”. Used cars form a sizable portion of total imports. The new car segment’s profit margin is been eroded by the increasing grey import and patronage as the majority of Nigerians have lim-ited means to buy new vehicles from authorized sources.

 

The automobile industry in Nigeria dates back to the early 1960s, when private companies pioneered the establishment of local automobile assembly plants using completely/semi knocked-down parts. The federal government became involved in the local auto-mobile production 10 years later after concluding agreements with automobile manufacturers in Europe. Installed capacity of the Nigerian automobile plants were to produce 108,000 cars, 56,000 commercial vehicles, 10,000 tractors, 1,000,000 motorcycles and 1,000,000 bicycles annually.

 

Given that the industry works at full capacity, it could provide over 300,000 different jobs. However, as the country grew into an oil-dependent economy in the late 1970’s, and the government policy on importation became flexible, automobile manufacturing became difficult and local manufacturing plants could not bear the growing, high cost of production. As a result, capacity utilization in the automobile industry over the years dropped below expectation with vehicle manufacturing below 10%.

 

In order to revive the automobile industry, the government introduced several importation policies and established the National Automotive Council (NAC) to ensure the survival and growth of the Nigerian automobile industry using local, human and material resources. The overall goal was to enhance the industry's contribution to the national economy. Vehicle importation however continued to thrive due to the infinite duty evasion techniques by the grey market dealers and sloppy importation policy enforcement, despite the government’s efforts to boost local production.

 

 

Sufficient Local Production Turned Import Driven

The failed state of the local industry gave way to growing importation of global brands. The industry is almost entirely import driven occasioned by the non-existence of local brands, and the desire for personally owned vehicles, due to the poor state of public transportation in the country. Massive importation of vehicles led to sole distributorship arrangements with major global car makers and their Nigerian partners. The sole partnership was a good development as it provides employment (though not comparable to local manufacturing) and increased government revenue through customs duty and excise collection. In addition, indirect taxes are collected from the locally registered partners.

 

The Nigerian automobile industry also comprises of unauthorized car dealers who import vehicles from choice locations according to the customers demand. The unauthorized dealers are referred to as grey dealers and their smuggling/duty evasion activities in the Nigerian market have a negative effect on the authorized dealers and also limited government revenue collected through indirect taxes and customs/excise duty. The volume of vehicles annually imported into Nigeria is about 50,000 new vehicles and 200,000 used ones are imported via official channels.

 

 

Grey Imports

Grey imports can be put into three categories as “unintended”, “licensed” and “distress” goods. Unintended vehicles are vehicles that are authorized for sale in one country but get redirected to another and directly compete with the authorized distributors when they get to that country. Licensed vehicles are products manufactured in agreement with a trademark license but sold through unauthorized channels. Distress vehicles are the vehicles dumped by a dealer or company who is authorized in the circum-stances, because they have excess supply or the goods are out-dated.

 

Imported vehicles by grey importers in Nigeria fall in all three categories as they are manufactured and intended mostly for other countries. However, due to trademark agreements with other companies and excess production by the manufacturers, some of the vehicles are imported to and sold in Nigeria by the grey dealers. Grey imports compete on the basis of price. They are usually cheaper than the officially-imported vehicles of the same model that are imported legally and sometimes have more enhanced features compared to those from authorized dealers. The used vehicles market also provides consumers with a variety of choices for their taste and budget. Increased vehicle import by grey dealer is estimated at an annual rate of 15%-20%. In addition, customs duty and excise avoidance contributed to the in-creasing loss to government revenue through this sources while indirect taxes are usually not paid by the grey dealers due to their business structure.

 

 

Outlook

The potential for growth of the Nigerian automobile industry re-mains strong. In a country of over 175m people, there are approximately 12m vehicles bringing the ratio to 18 passenger vehicles for every 1000 persons. This does not compare favourably with South Africa which has a ratio of 159 passenger vehicles for every 1000 persons. This gap creates a unique opportunity for players in the industry.