MECHATRONICS

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BACKGROUND Mechatronics is a blend of mechanical engineering, electrical engineering, computer control and information technology. Mechatronics is a design process to create more functional and adaptable products. The word was first coined in Japan in the 1960s to refer to the synergistic blend of mechanics and electronics. But over the years mechatronics has come to mean a methodology for designing products that exhibit fast, precise performance. These characteristics can be achieved by considering not only the mechanical design, but also the use of servo controls, sensors, and electronics.mech

Mechatronics is therefore the synergistic construction of precision mechanical engineering, electronic control and systems thinking in the design of products and manufacturing process. This includes many traditional and future-orientated sectors such as Biotechnology, Life Science & Medical; Electronics & Applied Computer Equipment; Telecommunications & Information Services; Distribution, Transportation & Logistics; Heavy & Chemical; Transportation Equipment; Production Support & Industrial Machinery; Agriculture, Forestry & Food; Aerospace, Homeland Security, Defence, Automotive Engineering, Machine Tool Building and Environmental Technology.

 

 

 

 

 

Mechatronics is an enabling manufacturing technology for traditional industries and also a foundational manufacturing technology for micro-to-large scale manufacturing.

The number and type of systems that can be fairly considered mechatronics are broad and span many industry sectors. These systems include everything from the household clothes dryer that uses a moisture sensor to turn itself off when a load of clothes is dry to complex, highly-automated precision devices such as Hard disk drive, ATM machines, Elevators and Escalators, Temperature control system in industrial oven, Sorting and Packaging systems, Fuel injection systems, etc.

MECHATRONICS CAPACITY BUILDING To bridge the identified skills gap in repair and maintenance of new generation vehicles among our auto technicians and mechanics and to complement the delivery of the mechatronics curriculum which the National Automotive Design and Development Council (NADDC) had designed, the Council provided diagnostic equipment/tools for the teaching of automotive mechatronics for the following institutions using the yardstick of mechanics concentration in the respective states:

a. Federal Science and Technical College, Orozo, Abuja

b. Federal College of Education (Technical), Gombe

c. National Metallurgical Training Institute, Onitsha

d. Rivers State Polytechnic, Bori

e. Lagos State Polytechnic, Ikorodu; and

f. Kaduna Polytechnic, Kaduna

The Original Equipment Manufacturer (OEM) Motorscan of Italy supplied the equipment/tools in March, 2011.

NADDC has also donated Auto Mechatronics Equipment and Tools for:

·         Industrial Training Fund Training Centre, Kano

·         Industrial Training Fund Training Centre, Lagos and

·         Business Apprenticeship Training Centre, Zaria

BOI also financed the establishment of the Bola Ige Mechatronic Institute, Esa Oke, Osun State as well as the Auto-technicians Microcredit Scheme under the NADDC Fund through Microfinance Banks.

Other institutions that offer mechatronics courses in Nigeria include the following:

·         The Polytechnic, Ibadan

·         Federal University, Oye Ekiti

·         Bells University of Technology, Ota

·         Abubakar Tafawa Balewa University, Bauchi

·         Afe Babalola University, Ado-Ekiti.

As mechatronic products and processes have become more pervasive, it has become increasingly necessary that employees working in technologically advanced environments be competent in the multidisciplinary application of the various technologies associated with mechatronics. Workers who have developed multi-craft mechatronic skills have achieved competency in mechatronics through on-the-job experience or company training.

SOURCES OF TECHNOLOGY

Some manufacturers and suppliers of mechatronics equipment include the following:

 

Dolang Technology Equipment Co.Ltd.

18 Lashan Road (Lashan High-Tech Industrial Park),Jinan,

Shandong, China

Tel: +86-531-8758 6199

www.dolang.cn

 

Interplex NAS Electronics GmbH

Otto-Hahn-Str 8
D-74078 Heilbronn
Germany

Telehone: (49) 7066 941-410
Fax: (49) 7066 941-94 14 190
Web: www.interplexnas.de

 

IKUSHIMA COMPANY LTD.

3-35,Nishi-shiriike 1-chome
Nagata-ku,kobe,Japan
http://www.ikushima.biz
Tel:078-641-3224

 

Motorscan
Via Monte Aquila 2
43124 Parma – Italy
Tel. +39 0521 631411 r.a.
Fax +39 0521 631414
P.IVA IT01949240343
www.motorscan.com

 

Frost Auto Restoration Techniques,

Crawford Street, Rochdale,

Lancashire OL16 5NU, UK

Tel: 0234 1706658619

 

Gemco Sales & Services,

153/165 Bridge Street, Northampton,

Northamptonshire NN1 1QG, UK

Tel: 0234 1604828500

 

RATIONALE

·         Mechatronics is projected to play a major role in industrial development and virtually all fields of endeavour in Nigeria in consonance with the global trend.

 

·         With the importance and growth of this innovative technology in the Nigerian industrial ecosystem, it is imperative for the Bank of Industry (BOI) to promote and support the mechatronics phenomenon.

TARGET MARKET/ CRITERIA The Fund will be accessed by Limited Liability Companies and Enterprises engaged in mechatronics diagnostics as well as industries that need to incorporate the technology in their operations. This includes the automobile, medical and agricultural sectors of the Nigerian economy, to mention a few.
PROJECTED IMPACT High employment generation along the value chain.
SINGLE OBLIGOR LIMIT Up to N500 million.
PRICING Interest Rate: 9 % per annum.

Fees: 1% Processing Fee for loan less than N50 million.

          1% each for Appraisal & Commitment Fees for loans                   above N50 million

TENOR ·        31/2 – 7 years commencing at the end of the moratorium period
MORATORIUM Provision of 6 – 12 months moratorium
SECURITY
Loan Amount (N’m) Security Arrangement
5.0 – 10.0 1.    Specific charge over the equipment financed.

2.    Irrevocable Personal Guarantee of the Chief Promoter of the company.

3.    Two (2) external guarantors acceptable to BOI who must belong to any of the following categories:

  1. Senior Civil Servant (Level 12 and above) who should not be more than 53 years old or not more than 28 years in service (whichever comes first.
  2. Bankers (not below the level of Assistant Manager) and must have been confirmed by current employer.
  3. Professionals i.e. Medical Doctors, Lawyers, Accountants, Engineers, etc.
  4. Senior Staff (not less than a manager) of reputable quoted Companies, International Oil Companies, Telecommunications Companies (GSM providers)
  5. The guarantees must be supported with Notarized Statement of Net worth acceptable to BOI.
>10.0 ≤ 20.0 1.    All assets debenture.

2.    Irrevocable Personal Guarantee of the Chief Promoter of the company.

3.    One (1) external Guarantor acceptable to BOI who must belong to any of the following categories:

  1. Senior Civil Servant (Level 12 and above) who should not be more than 53 years old or not more than 28 years in service (whichever comes first.
  2. Bankers (not below the level of Assistant Manager) and must have been confirmed by current employer.
  3. Professionals i.e. Medical Doctors, Lawyers, Accountants, Engineers, etc.
  4. Senior Staff (not less than a manager) of reputable quoted Companies, International Oil Companies, Telecommunications Companies (GSM providers)

The guarantees must be supported with a Notarized Statement of Net worth acceptable to BOI.

Or

4.    Bank Guarantee from Commercial Banks acceptable to BOI.

> 20.0 1. Irrevocable Personal Guarantee of the Chief Promoter of the company in addition to one or a combination of the following:

i.        All assets debenture.

ii.        Legal mortgage on pledged property.

Or

2.    Bank Guarantee from Commercial Banks acceptable to BOI.

FUNDING

STRUCTURE

·         Loan up to N50 million:           90% maximum from BOI (including working capital from BOI or the SME-friendly banks).

·         Contribution by the promoter – 10% (minimum)

·         Loan above N50 million: 80% maximum (including working capital from BOI or the SME-friendly banks).

·         Contribution by the promoter – 20% (minimum)

Existing Business:

For an existing project, the estimated value of the factory building and/or relevant processing equipment, may be applied against the borrower’s 10 – 20% contribution. The factory building and/or equipment must be valued professionally by any of BOI’s accredited valuers.

FUNDING SOURCES ·         Loans of N5 million – N50 million: CBN N220 billion Micro, Small and Medium Enterprise Development Fund (MSMEDF)

 

·         Loans above N50 million: BOI Fund

DISBURSEMENT Term Loan:

·         In phases in accordance with agreed milestones and shall be backed by provision of performance bond by the accredited equipment suppliers (where the suppliers demand for advance payment before delivery of the equipment).

 

·         Establishment of Letters of Credit where the plant and machinery are to be imported.

 

Working Capital:

After successful installation and testing of the equipment and payment shall be made directly to raw materials suppliers.

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