PRODUCT DESCRIPTION AND APPLICATION
Soya sauce is a product made from soya beans. It contains exceptional natural delicacy which is brought forth by the intervention of all sorts of amino acids originating from their brewing and melting with other ingredients.
MARKET STUDY
The average import of soya sauce from 1997 to 2006 is 17,248.30kg. The modest increases in 2001-2002 from the previous 4 years and the steep rises in volume from 2003 and 2006 particularly in 2004 and 2006 is an indication that a food consumption pattern adopting soya sauce is rapidly developing in urban Ethiopia.
A review of the import data from 2003-2006 gives the impression that the sharp increases in 2004 and 2006 were probably intended to augment supply shortages in the immediately preceding years 2003 and 2005. It can be deduced from this postulation that the average of the 2004-2006 imports reflects demand for soya sauce as of 2006
Main Raw Materials
The three main ingredients used in the production of soya sauce are soya bean, wheat, and salt. The major raw materials soya bean and wheat are locally available in the neighboring regions such as SNNPRS and Oromia Regional State while salt can be sourced from Afar region, Afdera.
Production Process
Soyabean (or defatted soyabean): the most important raw material for soya sauce protein, is heated by steam so that soya sauce koji of Aspergillus Oryzae will easily work on protein. The quality and yield (Availability of nitrogen in raw material to product) of soya sauce are swayed by this treatment. High temperature, high pressure, short time treatment will greatly improve the quality and yield of the product. After being steamed, the soya bean is cooled in a cooler down to the designated temperature.
INVESTEMENT
The total investment requirement is estimated at about Birr 8.93 million, out of which Birr 220.46 thousand is required for plant and machinery. The plant will create employment opportunities for 43 persons.
The project is financially viable with an internal rate of return (IRR) of 20.48 % and a net present value (NPV) of Birr 3.35 million, discounted at 8.5%.