First investment for Crown packaging and plastics!

Small update:

We have been incredibly blessed these last few weeks! Last week, 4 concrete commitments from investors were added. This means we now have 83% of the share capital together! Yes! We are currently in contact with a few potential investors. If all goes well, this will result in the last 2 investors we still need! In the meantime, we are already working with the accountant and the notary to prepare documents for establishing the BV.

We also reached a milestone yesterday: we made the first investment! It wasn’t a very big one yet, but it was an opportunity we had to seize. For our small factory we need a distribution box that contains fuses that protect the electricity of the machines. It is somewhat the same idea as the meter cupboard in every home, but slightly larger. And also a bit more expensive…

Jent Bijlstra is the owner of Bijlstra installations . He had already indicated that he would like to give us selfless advice and help with everything regarding electricity. They had already requested a price for us for a new distribution box with exactly the parts we need. This already cost around €7,500 to purchase. Jent also indicated that these types of installations sometimes become available when factories are demolished.

After Baukje spent an afternoon calling around to demolition companies, I bought 2 distribution boxes together with my younger brother Mindert. Together, these 2 cabinets not only provide enough capacity for our start, but they can also make the factory 4 times as large.

The costs for these 2 cabinets were ‘only’ €750. However, the main switch was broken and they cost a few hundred euros new. I had already called the importer and he indicated that unfortunately this type could no longer be supplied. Fortunately, there happened to be exactly such a switch on Marktplaats for €50, new and unused! Someone had cleaned out a warehouse at the company and this was left over!

Photo group cabinet

Until recently in the dairy factory in Groningen, soon in Debre Zeit

The first start of our factory is ready in Dokkum 🙂

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