new office furniture manufacturing business plan

Furniture Manufacturing Business Plan [Sample Template]

By: Author Tony Martins Ajaero

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Are you about starting a furniture manufacturing company ? If YES, here’s a complete sample furniture manufacturing business plan template & feasibility report you can use for FREE to raise money.

The furniture manufacturing industry is indeed a lucrative one. However, it is such that requires plenty of capital to start. This type of business needs loads of manpower as well as capital to run. This is essentially because it requires that furniture in produced and you will agree with me that this will include lots of processes. From sourcing for the raw materials to preparing the materials and what have you.

A Sample Furniture Manufacturing Business Plan Template

1. industry overview.

It is an established fact that furniture is a major part of our lives cum facilities; there is hardly any facility that you will come across that you won’t find a piece of furniture in it. This goes to show that the furniture manufacturing industry is indeed an important sector of the economy of any country.

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Businesses in this industry mainly manufacture or make household (living room, dining room and bedroom furniture, upholstered, coffee tables, sofa tables, end tables, sofas, love seats, chairs, bookshelves, ottomans, display cabinets, consoles and TV stands and otherwise), outdoor and office furniture (Desks and home office goods, lamps, recliners, rugs and outdoor furniture make up the rest of sales).

The Furniture Manufacturing industry is indeed a major sector of the economy of the united states of America which generates a whopping sum of well over billion annually from more than 3,533furniture manufacturing companies scattered all around the United States of America. The industry is responsible for the employment of well over 105,640 people.

Experts project the furniture manufacturing industry to grow at a 2.0 percent annual rate. The establishment in this industry that has a dominant market share in the United States of America are; Ashley Furniture Industries, Inc., Herman Miller, HNI Corporation and Steel Case.

Research carried out by IBISWORLD clearly stated that proximity to downstream markets is an important competitive factor in this industry, since it enables furniture manufacturers to increase the speed of delivery and reduce transportation costs.

The regions in the United States that accounts for the largest number of furniture manufacturing companies also have the largest populations. With 25.8 percent of the industry establishments and more than a quarter of the US population, the Southeast region of the United States houses the largest number of industry facilities.

Little wonder this region also accounts for the highest number of furniture wholesalers and retailers, making it an ideal location for household furniture manufacturers that want to be in close proximity to downstream buyers.

Over and above, the furniture manufacturing industry is a profitable industry and it is open to any aspiring entrepreneur to come in and establish his or her business; you can chose to start on a small scale in small furniture making workshop or you can chose to start on a large scale with a standard furniture making workshop and several outlets in key cities through the United States of America and Canada.

2. Executive Summary

Bill The Carpenter™ Furniture, Inc. is a standard and registered furniture manufacturing that will be located in Sharonville – Ohio; in an ideal location highly suitable for the kind of business we want to establish. We have been able to lease a facility that is big enough (a 20 thousand square foot facility) to fit into the design of the kind of standard furniture manufacturing company that we intend launching.

Bill The Carpenter™ Furniture, Inc. will manufacture a wide range of household furniture (living room, dining room and bedroom furniture, upholstered, coffee tables, sofa tables, end tables, sofas, love seats, chairs, bookshelves, ottomans, display cabinets, consoles and TV stands and otherwise), outdoor and office furniture (Desks and home office goods, lamps, recliners, rugs and outdoor furniture).

We are set to services a wide range of clientele in and around Sharonville – Ohio. We are aware that there are several large and small furniture manufacturing companies all around Ohio, which is why we spent time and resources to conduct a thorough feasibility studies and market survey so as to be well positioned to favorably compete with all our competitors.

Bill The Carpenter™ Furniture, Inc. will ensure that all our customers are given first class treatment whenever they visit our furniture manufacturing workshop. We have a CRM software that will enable us manage a one on one relationship with our customers no matter how large the numbers of our customers’ base may grow to.

Bill The Carpenter™ Furniture, Inc. will at all times demonstrate her commitment to sustainability, both individually and as a firm, by actively participating in our communities and integrating sustainable business practices wherever possible.

We will ensure that we hold ourselves accountable to the highest standards by meeting our customers’ needs precisely and completely whenever they patronize our products. We will cultivate a working environment that provides a human, sustainable approach to earning a living, and living in our world, for our partners, employees and for our customers.

Bill The Carpenter™ Furniture, Inc. is a family business that is owned by Bill Moore and his immediate family members. Bill Moore has a Diploma in Furniture Making and a B.Sc. in Business Administration, with well over 15 years of experience in the furniture industry, working for some of the leading brand in the United States.

3. Our Products and Services

Bill The Carpenter™ Furniture, Inc. is in the furniture manufacturing industry to manufacture both home and office furniture; to service a wide range of clients and of course to make profits, which is why we will ensure we go all the way to give our clients and potential clients options.

We will do all that is permitted by the law of the United States to achieve our business goal, aim and ambition of starting the business. Our product offerings are listed below;

• Manufacturing of household furniture (living room, dining room and bedroom furniture, upholstered, coffee tables, sofa tables, end tables, sofas, love seats, chairs, bookshelves, ottomans, display cabinets, consoles and TV stands and otherwise),
• Manufacturing stationary sofas/sofa-sleepers
• Manufacturing metal household and office furniture
• Manufacturing custom architectural woodwork and other fixtures
• Manufacturing showcases, partitions, shelving and lockers

4. Our Mission and Vision Statement

• Our vision is to become the leading brand in the furniture manufacturing industry in Ohio and to establish a one furniture manufacturing company in Ohio.
• Our mission is to establish a world – class furniture manufacturing business whose products will not only be retailed in the United States of America, but also be exported to other countries of the world.

Our Business Structure

Bill The Carpenter™ Furniture, Inc. do not intend to start a furniture manufacturing business like the usual carpenter shops around the street corner; our intention of starting a furniture manufacturing company is to build a standard and one stop furniture manufacturing company in Sharonville – Ohio.

Although our furniture manufacturing company might not be as big as Ashley Furniture Industries, Inc., Herman Miller, HNI Corporation and Steel Case et al, but we will ensure that we put the right structure in place that will support the kind of growth that we have in mind while setting up the business.

We will ensure that we hire people that are qualified, honest, customer centric and are ready to work to help us build a prosperous business that will benefit all the stakeholders (the owners, workforce, and customers).

As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of ten years or more. In view of that, we have decided to hire qualified and competent hands to occupy the following positions;

• Chief Executive Officer (Owner)
• Workshop Manager
• Human Resources and Admin Manager

Merchandize Manager

Sales and Marketing Manager

• Carpenters and Furniture Markers
• Accountants / Cashiers
• Customer Services Executive

5. Job Roles and Responsibilities

Chief Executive Officer – CEO:

• Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
• Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
• Responsible for fixing prices and signing business deals
• Responsible for providing direction for the business
• Responsible for signing checks and documents on behalf of the company
• Evaluates the success of the organization
• Reports to the board

Admin and HR Manager

• Responsible for overseeing the smooth running of HR and administrative tasks for the organization
• Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
• Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
• Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
• Enhances department and organization reputation by accepting ownership for accomplishing new and different requests; exploring opportunities to add value to job accomplishments.
• Defines job positions for recruitment and managing interviewing process
• Carries out staff induction for new team members
• Responsible for training, evaluation and assessment of employees
• Responsible for arranging travel, meetings and appointments
• Oversees the smooth running of the daily office activities.

Workshop Manager:

• Responsible for managing the daily activities in the workshop
• Ensures that proper records of furniture are kept and warehouse does not run out of finished furniture
• Ensures that the workshop is in tip top shape and easy to locate
• Interfaces with third – party suppliers (vendors) of raw materials (woods, forms, clothes, steels, nails and accessories et al)
• Controls furniture distribution and supply inventory
• Supervises the workforce in the furniture manufacturing workshop.
• Manages vendor relations, market visits, and the ongoing education and development of the organizations’ buying teams
• Helps to ensure consistent quality of furniture making raw materials are purchased and used for the manufacturing of furniture
• Responsible for the purchase of furniture raw material for the organizations
• Responsible for planning sales, monitoring inventory, selecting the merchandise, and writing and pricing orders to vendors
• Ensures that the organization operates within stipulated budget.
• Manages external research and coordinate all the internal sources of information to retain the organizations’ best customers and attract new ones
• Models demographic information and analyze the volumes of transactional data generated by customer purchases
• Identifies, prioritizes, and reaches out to new partners, and business opportunities et al
• Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of development projects.
• Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
• Develop, execute and evaluate new plans for expanding increase sales
• Document all customer contact and information
• Represent the company in strategic meetings
• Help increase sales and growth for the company

Carpenters and Furniture Making Experts

• Responsible for manufacturing of household furniture (living room, dining room and bedroom furniture, upholstered, coffee tables, sofa tables, end tables, sofas, love seats, chairs, bookshelves, ottomans, display cabinets, consoles and TV stands and otherwise),
• Responsible for manufacturing stationary sofas/sofa-sleepers
• Manufactures household and office metal furniture
• Manufactures custom architectural woodwork and other fixtures
• Manufactures showcases, partitions, shelving and lockers.

Accountant / Cashier:

• Responsible for preparing financial reports, budgets, and financial statements for the organization
• Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
• Responsible for financial forecasting and risks analysis.
• Performs cash management, general ledger accounting, and financial reporting
• Responsible for developing and managing financial systems and policies
• Responsible for administering payrolls
• Ensures compliance with taxation legislation
• Handles all financial transactions for the organization
• Serves as internal auditor for the organization

Client Service Executive

• Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
• Through interaction with customers on the phone, uses every opportunity to build client’s interest in the company’s products and services
• Manages administrative duties assigned by the human resources and admin manager in an effective and timely manner
• Consistently stays abreast of any new information on the organizations’ products, promotional campaigns etc. to ensure accurate and helpful information is supplied to customers when they make enquiries
• Responsible for cleaning finished furniture and the workshop facility at all times
• Ensures that toiletries and supplies don’t run out of stock
• Cleans both the interior and exterior of the workshop facility
• Handles any other duty as assigned by the workshop manager.

6. SWOT Analysis

Bill The Carpenter™ Furniture, Inc. is in business to become one of the leading office and household furniture manufacturing companies in the whole of Sharonville – Ohio and we are fully aware that it will take the right business concept, management and organization – structure to achieve our goal.

We are quite aware that there are several furniture manufacturing companies all over Sharonville – Ohio and even in the same location where we intend locating ours, which is why we are following the due process of establishing a business.

We know that if a proper SWOT analysis is conducted for our business, we will be able to position our business to maximize our strength, leverage on the opportunities that will be available to us, mitigate our risks and be welled equipped to confront our threats.

Bill The Carpenter™ Furniture, Inc. employed the services of an expert HR and Business Analyst with bias in manufacturing to help us conduct a thorough SWOT analysis and to help us create a Business model that will help us achieve our business goals and objectives. This is the summary of the SWOT analysis that was conducted for Bill The Carpenter™ Furniture, Inc.;

Our core strength lies in the high quality of our finished furniture, the power of our team and the state of the art and well – equipped furniture making factory that we own. We have a team of highly trained and experienced carpenters and support staff members that can go all the way to produce top notch office and household furniture.

We are well positioned in the heart of Sharonville – Ohio and we know we will attract loads of clients from the first day we open our furniture manufacturing company for business.

A major weakness that may count against us is the fact that we are a new furniture manufacturing company and we don’t have the financial capacity to compete with multi – billion dollars furniture manufacturing companies such as Ashley Furniture Industries, Inc., Herman Miller, HNI Corporation and Steel Case et al when it comes to manufacturing furniture at a rock bottom prices.

So also, we may not have enough cash reserve to promote our furniture manufacturing company the way we would want to do.

• Opportunities:

The fact that we are going to operate our furniture manufacturing company in one of Sharonville – Ohio provides us with unlimited opportunities to sell our furniture to a large number of individuals and corporate organizations.

We have been able to conduct thorough feasibility studies and market survey and we know what our potential clients will be looking for when they visit our furniture manufacturing workshop; we are well positioned to take on the opportunities that will come our way.

Just like any other business, one of the major threats that we are likely going to be faced with is economic downturn. It is a fact that economic downturn affects purchasing / spending power. Another threat that may likely confront us is the arrival of a new furniture manufacturing company in same location where ours is located. So also, unfavorable government policies may also pose a threat for businesses such as ours.

7. MARKET ANALYSIS

• Market Trends

If you are conversant with the Furniture Manufacturing Industry, you will quite agree that the changes in disposable income, consumer sentiment, ever changing trends and of course the rate of homeownership is major growth drivers for this industry.

No doubt, a massive rise in consumer confidence has also contributed in helping the industry experience remarkable growth, but uneven performance in these drivers has led to slightly constrained revenue growth for the Furniture Manufacturing industry.

So also, the rising demand for both home and office furniture, as a result of increasing disposable income and consumer sentiment, will result in revenue growth, but profit margins will stagnate as furniture stores keep prices low to attract more sales amid growing competition.

A close watch on the industry activities reveals that, the Retail Market for Home Furniture and Bedding was hit hard by the recent economic downturn and experienced a decline in revenue in recent time.

Lastly, in recent time, the furniture manufacturing landscape has seen tremendous changes in the last 20 years; it has grown from the smaller carpenter workshop to a more organized and far reaching massive furniture making factory. This trend has benefited them in such a way that they can comfortably sell their furniture nationally and also export them to other countries of the world.

8. Our Target Market

Perhaps it will be safe to submit that the furniture manufacturing industry has the widest range of customers; almost everybody on planet earth has one or more things that they would need in their houses or offices from a furniture retail store. It is difficult to find households and office facilities without one form of furniture or the other.

In view of that, we have positioned our furniture manufacturing company to service the residence of Sharonville – Ohio and every other location where showroom cum outlets will be located all over key cities in the United States of America and Canada.

We have conducted our market research and feasibility studies and we have ideas of what our target market would be expecting from us. We are in business to manufacture a wide range of furniture to the following groups of people and corporate organizations;

• Bachelors and Spinsters
• Corporate Executives
• Business People
• About to wed couples
• Corporate Organizations / Offices
• Government Offices
• Schools and Students (Library inclusive)
• Churches and other religious centers

Our Competitive Advantage

A close study of the furniture manufacturing industry reveals that the market has become much more intensely competitive over the last decade. As a matter of fact, you have to be highly creative, customer centric and proactive if you must survive in this industry.

We are aware of the stiffer competition and we are well prepared to compete favorably with other leading furniture manufacturing companies in Sharonville – Ohio and throughout the United States and Canada. Bill The Carpenter™ Furniture, Inc. is launching a standard furniture manufacturing company that will indeed become the preferred choice of residence of Sharonville – Ohio and every other location where our showrooms and outlets will be opened.

Our furniture manufacturing company is located in an ideal property highly suitable for the kind of manufacturing company that we want to run. We have enough parking space that can accommodate well over 30 cars / trucks per time.

One thing is certain; we will ensure that we manufacture a wide range of furniture products in our furniture manufacturing workshop at all times. It will be difficult for customers to visit our furniture showroom and not see the type of furniture that they are looking for.

One of our business goals is to make Bill The Carpenter™ Furniture, Inc. a one-stop furniture manufacturing company for both household and corporate organizations. Our excellent customer service culture, online store, various payment options and highly secured facility will serve as a competitive advantage for us.

Lastly, our employees will be well taken care of, and their welfare package will be amongst the best within our category ( startups furniture manufacturing companies ) in the industry meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our aims and objectives.

We will also give good working conditions and commissions to freelance sales agents that we will recruit from time to time.

9. SALES AND MARKETING STRATEGY

• Sources of Income

Bill The Carpenter™ Furniture, Inc. is in business to manufacture and retail a wide range of furniture to the residence of Sharonville – Ohio. We are in the furniture manufacturing industry to

10. Sales Forecast

One thing is certain when it comes to furniture manufacturing business, if you are into the manufacturing or various types of both home and office furniture and even outdoor furniture, you will always attract customers cum sales and that will sure translate to increase in revenue generation for the business.

We are well positioned to take on the available market in Sharonville – Ohio and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six month of operations and grow the business and our clientele base.

We have been able to critically examine the furniture manufacturing industry and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projection is based on information gathered on the field and some assumptions that are peculiar to startups in Sharonville – Ohio.

Below is the sales projection for Bill The Carpenter™ Furniture, Inc., it is based on the location of our business and other factors as it relates to furniture retail stores start – ups in the United States;

• First Fiscal Year-: $350,000
• Second Fiscal Year-: $750,000
• Third Fiscal Year-: $1 million

N.B : This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor manufacturing or retailing same furniture products and customer care services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.

• Marketing Strategy and Sales Strategy

Before choosing a location for Bill The Carpenter™ Furniture, Inc., we conducted a thorough market survey and feasibility studies in order for us to be able to be able to penetrate the available market and become the preferred choice for residence of Sharonville – Ohio.

We have detailed information and data that we were able to utilize to structure our business to attract the numbers of customers we want to attract per time.

We hired experts who have good understanding of the furniture manufacturing industry to help us develop marketing strategies that will help us achieve our business goal of winning a larger percentage of the available market in Sharonville – Ohio.

In order to continue to be in business and grow, we must continue to manufacture and sell the furniture that is available in our showrooms which is why we will go all out to empower our sales and marketing team to deliver. In summary, Bill The Carpenter™ Furniture, Inc. will adopt the following sales and marketing approach to win customers over;

• Open our furniture manufacturing company and showroom in a grand style with a party for all.
• Introduce our furniture manufacturing company by sending introductory letters alongside our brochure to organizations, households and key stake holders in Sharonville – Ohio
• Ensure that we manufacture a wide range of home and office furniture
• Make use of attractive hand bills to create awareness and also to give direction to our furniture showrooms
• Position our signage / flexi banners at strategic places around Sharonville – Ohio
• Position our greeters to welcome and direct potential customers
• Create a loyalty plan that will enable us reward our regular customers
• Engage on road shows within our neighborhood to create awareness for our furniture manufacturing company and showroom.
• List our business and products on yellow pages ads  (local directories)
• Leverage on the internet to promote our business
• Engage in direct marketing and sales
• Encourage the use of Word of mouth marketing (referrals)

11. Publicity and Advertising Strategy

Despite the fact that our furniture manufacturing company and showroom is well located, we will still go ahead to intensify publicity for the business. We are going to explore all available means to promote our furniture manufacturing company.

Bill The Carpenter™ Furniture, Inc. has a long term plan of opening our showrooms in various locations all around Sharonville – Ohio and key cities in the United States and Canada which is why we will deliberately build our brand to be well accepted in Sharonville – Ohio before venturing out.

As a matter of fact, our publicity and advertising strategy is not solely for winning customers over but to effectively communicate our brand. Here are the platforms we intend leveraging on to promote and advertise Bill The Carpenter™ Furniture, Inc.;

• Place adverts on community based newspapers, radio stations and TV stations.
• Encourage the use of word of mouth publicity from our loyal customers
• Leverage on the internet and social media platforms like; YouTube, Instagram, Facebook ,Twitter, LinkedIn, Snapchat, Badoo, Google+  and other platforms to promote our business.
• Ensure that our we position our banners and billboards in strategic positions all around Sharonville – Ohio
• Distribute our fliers and handbills in target areas in and around our neighborhood
• Contact corporate organizations, households, landlord associations and schools by calling them up and informing them of Bill The Carpenter™ Furniture, Inc. and the furniture products we manufacture and sell
• Advertise our furniture manufacturing company and showroom in our official website and employ strategies that will help us pull traffic to the site
• Brand all our official cars and trucks and ensure that all our staff members and management staff wears our branded shirt or cap at regular intervals.

12. Our Pricing Strategy

Aside from quality, pricing is one of the key factors that gives leverage to furniture manufacturing companies, it is normal for consumers to go to places (furniture manufacturing companies and showrooms) where they can get home and office furniture at cheaper price which is why big player in the furniture stores industry like Ashley Furniture Industries, Inc., Herman Miller, HNI Corporation and Steel Case and co will always attract loads of corporate and individual clients.

We know we don’t have the capacity to compete with Ashley Furniture Industries, Inc., Herman Miller, HNI Corporation and Steel Case et al, but we will ensure that the prices and quality of all the furniture products that we manufacture and are available in our showroom are competitive with what is obtainable amongst furniture stores within our level.

• Payment Options

At Bill The Carpenter™ Furniture, Inc., Our payment policy is all inclusive because we are quite aware that different people prefer different payment options as it suits them. Here are the payment options that will be available in every of our outlets;

• Payment by cash
• Payment via Point of Sale (POS) Machine
• Payment via online bank transfer (online payment portal)
• Payment via Mobile money
• Payment with check from loyal customers

In view of the above, we have chosen banking platforms that will help us achieve our payment plans without any itches. Our bank account numbers will be made available on our website and promotional materials to clients who may want to deposit cash or make online transfer for furniture purchased.

13. Startup Expenditure (Budget)

In setting up any business, the amount or cost will depend on the approach and scale you want to undertake. If you intend to go big by renting / leasing a big facility, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be creative and productive.

This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business. The tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked.

As for the detailed cost analysis for starting a furniture manufacturing business; it might differ in other countries due to the value of their money. This is the key areas where we will spend our start – up capital on;

• The Total Fee for Registering the Business in the United States of America – $750.
• Legal expenses for obtaining licenses and permits as well as the accounting services (software, P.O.S machines and other software) – $3,300.
• Marketing promotion expenses for the grand opening of Bill The Carpenter™ Furniture, Inc. in the amount of $3,500 and as well as flyer printing (2,000 flyers at $0.04 per copy) for the total amount of $3,580.
• The total cost for hiring Business Consultant – $2,500.
• The total cost for payment of insurance policy covers (general liability, workers’ compensation and property casualty) coverage at a total premium – $9,400.
• The total cost for long – term leasing of a standard warehouse and showroom – $250,000
• The total cost for remodeling the warehouse and showroom – $20,000.
• Other start-up expenses including stationery ( $500 ) and phone and utility deposits – ( $2,500 ).
• Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $60,000
• The total cost for Start-up inventory (purchase of furniture making tools and equipment and the purchase of furniture making raw materials inclusive) – $250,000
• The total cost for counter area equipment – $9,500
• The total cost for store equipment (cash register, security, ventilation, signage) – $13,750
• The total cost for the purchase and installation of CCTVs: $10,000
• The cost for the purchase of office furniture and gadgets (Computers, Printers, Telephone, TVs, Sound System, tables and chairs et al): $4,000.
• The total cost of launching a Website: $600
• The total cost for our opening party: $7,000
• Miscellaneous: $10,000

We would need an estimate of $950,000 to successfully set up our furniture retail store in Sharonville – Ohio. Please note that this amount includes the salaries of all the staff for the first month of operation.

Generating Funding / Startup Capital for Bill The Carpenter™ Furniture, Inc.

Bill The Carpenter™ Furniture, Inc. is a private business that is solely owned and financed by Bill Moore and his immediate family members. We do not intend to welcome any external business partner, which is why he has decided to restrict the sourcing of the start – up capital to 3 major sources.

These are the areas we intend generating our start – up capital;

• Generate part of the start – up capital from personal savings
• Source for soft loans from family members and friends
• Apply for loan from my Bank

N.B: We have been able to generate about $250,000 ( Personal savings $200,000 and soft loan from family members $50,000 ) and we are at the final stages of obtaining a loan facility of $700,000 from our bank. All the papers and document have been signed and submitted, the loan has been approved and any moment from now our account will be credited with the amount.

14. Sustainability and Expansion Strategy

The future of a business lies in the number of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. If all of these factors are missing from a business (company), then it won’t be too long before the business close shop.

One of our major goals of starting Bill The Carpenter™ Furniture, Inc. is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running.

We know that one of the ways of gaining approval and winning customers over is to manufacture durable and quality furniture and to retail our wide range of quality home and office furniture a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.

Bill The Carpenter™ Furniture, Inc. will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare is well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and retraining of our workforce is at the top burner.

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of six years or more. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

Check List / Milestone

• Business Name Availability Check : Completed
• Business Registration: Completed
• Opening of Corporate Bank Accounts: Completed
• Securing Point of Sales (POS) Machines: Completed
• Opening Mobile Money Accounts: Completed
• Opening Online Payment Platforms: Completed
• Application and Obtaining Tax Payer’s ID: In Progress
• Application for business license and permit: Completed
• Purchase of Insurance for the Business: Completed
• Leasing of facility and remodeling the facility (warehouse and showroom): In Progress
• Conducting Feasibility Studies: Completed
• Generating capital from family members: Completed
• Applications for Loan from the bank: In Progress
• Writing of Business Plan: Completed
• Drafting of Employee’s Handbook: Completed
• Drafting of Contract Documents and other relevant Legal Documents: In Progress
• Design of The Company’s Logo: Completed
• Graphic Designs and Printing of Packaging Marketing / Promotional Materials: In Progress
• Recruitment of employees: In Progress
• Purchase of the Needed furniture, racks, shelves, computers, electronic appliances, office appliances and CCTV: In progress
• Creating Official Website for the Company: In Progress
• Creating Awareness for the business both online and around the community: In Progress
• Health and Safety and Fire Safety Arrangement (License): Secured
• Opening party / launching party planning: In Progress
• Compilation of our list of products that will be available in our store: Completed
• Establishing business relationship with vendors – manufacturers and suppliers of home and office furniture: In Progress

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Start » strategy, how to build a manufacturing business plan.

A manufacturing business plan can help get your new venture off the ground and running smoothly.

A manufacturing business plan outlines the goals, strategies, and operations of a manufacturing company. Use this article as a road map for your business and to help recruit investors as your operation grows.

Manufacturing business plans vary slightly compared to business plans for other types of companies. Here's what goes into a manufacturing business plan and how to create one for your venture.

Why do companies need manufacturing business plans?

Manufacturing business plans are used for the same purpose as other companies' plans. These documents help set clear goals and objectives for internal stakeholders. They provide a framework for making decisions around financing, budgeting, hiring, and procurement. Additionally, investors and lenders often require a business plan to assess the venture's potential.

Business plans are meant to be flexible, living documents that are revisited periodically as the business grows. Writing a manufacturing business plan is a good exercise in understanding what equipment will be needed, evaluating the size of the market your business is based in, and assessing your competition. These things will change over time, so make sure you adjust your plan as your company matures.

[Read more: How to Use AI Tools to Write a Business Plan ]

What goes into a manufacturing business plan?

Manufacturing plans can be very detailed, but at a minimum should include the following sections:

• An executive summary.
• A company description.
• A production plan.
• An industry analysis.
• The target market.
• Compliance.
• A financial plan.

Some manufacturing plans also include sections for marketing, management, and operations. An operations plan can include the details of how you will source materials, your design process, how you will manage production, and ways to coordinate logistics with potential buyers. Marketing sections detail how you will position your product and reach potential buyers, while management identifies the key roles for which you will hire.

[Read more: 6 Product Design Software Programs for Beginners ]

While there's a lot of overlap with a normal business plan, manufacturing companies have unique processes and constraints they need to consider and address in their plan.

Why are manufacturing business plans unique?

The production plan section should provide a detailed outline of the manufacturing process, equipment, facilities, and supply chain. It should also include operational details that are crucial to the success of the manufacturing business: quality control, inventory management, and supply chain logistics, which should be covered extensively.

Manufacturing business plans also play an outsized role in recruiting funding. Manufacturers often require significant capital investments in equipment, machinery, and facilities. The financial projections included in the plan must accurately reflect these costs to ensure adequate funding for getting off the ground.

Finally, meeting global environmental, safety, and quality regulations is no easy feat. Identifying these requirements early positions the manufacturer to be compliant, as well as to assess which supply chain partners are also able to meet these rules. A manufacturing business plan should detail supply chain management, compliance demands, and steps to streamline both of these key elements.

How to write a manufacturing business plan

The easiest way to get started is to use a template. A few outlines are available online, like this one from Katana or this one from MoreBusiness.com . Start by defining your business and answering questions such as:

• What product will the business manufacture?
• Who is the target market of ideal customers?
• What makes this product unique?
• What business structure will be used?

From there, you can work through section by section to conduct market research, develop your operations plan, prototype your product, and identify supply chain partners. Include financial projections such as your startup costs, operational costs, revenue projections, and the break-even point.

"It's important to be optimistic when starting a new business, but you also need to be realistic. This is especially true when it comes to financial projections. Don't overestimate the amount of revenue you will generate or underestimate the costs of goods sold," wrote Katana .

Breaking your plan down into smaller sections can make it easier to identify areas where you need outside help too. Don't be shy about asking others in the industry for advice.

CO— aims to bring you inspiration from leading respected experts. However, before making any business decision, you should consult a professional who can advise you based on your individual situation.

CO—is committed to helping you start, run and grow your small business. Learn more about the benefits of small business membership in the U.S. Chamber of Commerce, here .

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Office Furniture Store Business Plan

Start your own office furniture store business plan

Executive Summary executive summary is a brief introduction to your business plan. It describes your business, the problem that it solves, your target market, and financial highlights.">

WorkChairs is an ergonomic product business located in Studio City, California that focuses on selling hard-to-find ergonomic products to both the local community and through their website online. WorkChairs is owned by Jake and Lisa Wilson, and is a corporation with one other employee, Peter Wilson.

WorkChairs will use two sales channels and focus on selling niche products that solve ergonomic health problems that have become more common as people use computers more and more in their daily work days. By using traditional local marketing and sales techniques, WorkChairs will establish a solid local customer base in the home office, small business, and large business communities. To supplement the business and take advantage of manufacturer relationships that include drop-shipping, WorkChairs will have a website that has both an online store and an educational section to teach people about ergonomic problems.

WorkChairs has a conservative financial plan with low expenses, low payroll, and a conservative sales forecast. WorkChairs will always maintain a positive cash balance while slowly growing the total cash and company net worth.

1.1 Mission

WorkChairs is a specialty ergonomic product retailer in both the local market and in the online space. We aim to provide quality products to satisfy our customers desire to work in a healthy work environment that keeps them injury and pain-free. Keeping our customers happy and solving their problems by providing great products at an affordable price is our goal.

We also take pride in educating our customers on ergonomic issues that they might not be aware of, to prevent them from experiencing pain and discomfort in the future as well. We find doing this is rewarding in a personal and business sense.

1.2 Keys to Success

• Provide specialty products that can’t be found at “large box” retailers such as Office Max, Office Depot, Staples, Costco, Ikea, and others. We want niche products that can’t be found at these stores, because we can’t compete with them on price.
• Provide excellent customer service. It’s difficult to find customers who are aware enough of the health issues of standard office work to actually realize they need ergonomic products. So once we find these customers, we need to keep them happy and keep them coming back to us for future products they need.
• Keep our growth slow and organic so we can make sure we keep expenses low and operate efficiently.
• Build an easy-to-use website that educates our customers and potential customers while also selling our products effectively.

1.3 Objectives

• Becoming profitable after six months of operation.
• Be the market share leader of specialty ergonomic products in the local market. There is no official measurement, but it should be relatively easy to guess how our few competitors are doing.
• Have our website be one of the top five websites for specialty ergonomic products measured by both traffic and sales. Unfortunately, we can’t get sales statistics for other competing sites, but we can judge by their traffic levels based on their search engine placement, pay per click advertising, links in to their site, and Google Pagerank. From there we can guess at how well their site converts visitors into sales.
• Have fun helping our customers work in a safer and more comfortable work environment.

Company Summary company overview ) is an overview of the most important points about your company—your history, management team, location, mission statement and legal structure.">

2.1 company ownership.

Workchairs is a private C corporation owned by Jake and Lisa Wilson. They each own 50% of the company.

2.2 Start-up Summary

WorkChairs will require total start-up expenses which include legal fees in setting up the business, stationery, sales brochures and collateral, insurance, expensed computer equipment, and a domain name.

Jake and Lisa Wilson will be providing the investment which will cover the start-up expenses while also leaving a cash reserve. We have no start-up liabilities to be considered in our start-up phase. We will purchase examples of our products, as Current Assets, for customers to test-sit, but we will have very little inventory on hand.

WorkChairs sells niche ergonomic products that are hard to find at standard office furniture or office supply stores. Our primary products include:

• Chairs – There is a large number of specialty chairs that are built to solve various physical problems caused by sitting in an office chair all day. These chairs aim to solve back, hip, leg, neck, shoulder, arm, and wrist problems.
• Workstations – Computer and regular workstations that are specially designed to be ergonomically correct.
• Computer Accessories – Special mice, keyboards, glare screens, keyboard trays, wrist rests, monitor supports, and other computer accessories.
• Document Holders – Copy holders to allow the head to stay looking up at eye level.
• Foot Rests – A proper foot rest complements an ergonomic chair for better posture alignment.
• Lighting – Various types of lighting to make things easier on the eyes while working.
• Back/Arm/Wrist Supports – Various supports for various reasons.
• Headsets/Microphones – For phone-related problems.

Market Analysis Summary how to do a market analysis for your business plan.">

As computer and office jobs get more and more common, the general working population will experience more health problems caused by improper office working environments. It may be it’s their wrists aching from typing, their back hurting from their chair being bad, or their eyes damaged from staring at a computer screen. Ergonomic products focus on solving these problems. Unfortunately, these products are often hard to find at general furniture stores or office supply stores. WorkChairs aims to supply these products to both our local market and in the online space.

Specifically, we’ll target a few different types of worker:

• The home office user.
• The small business office manager.
• The large organization purchasing manager.

4.1 Market Segmentation

We have broken down our target market into the following categories:

• Home Office – This segment is the huge market of people running businesses from their home. We estimate there to be about 20,000,000 home office businesses in the United States, with about a 5% growth rate. Since we can reach the whole United States with our website, we can, potentially, reach the entire market.
• Small Office Managers – The small office market is also quite large, with a 5% growth rate. Most of these businesses have office workers who would be in need of ergonomic products.
• Large Office Purchase Managers – This market segment is much smaller in size, but has huge potential for sales as purchase managers usually make bulk buying decisions for multiple workers. It has a slower 2% growth rate due to fewer large businesses being created.

4.2 Target Market Segment Strategy

The following are our market segments along with our reasoning for targeting each segment:

• Home Office – This segment is very large, and because most home offices now involve people spending long hours on a computer, these people are prime targets for needing ergonomic equipment. Since these offices are also in their home, they’re more likely to spend some money on nicer furniture and equipment they can use for both home and work purposes.
• Small Business Managers – Most small businesses have a manager in charge of equipment purchasing decisions. At some point, most of these managers usually have an employee who suffers from a problem that can be solved with ergonomic equipment. Even if they haven’t, these people can usually be educated on the benefits of an ergonomically-sound workplace. They are usually pretty careful with their money though, as most small businesses try to keep their costs low. It’s a good market, especially locally, because these business often support other local small businesses.
• Large Business Purchase Managers – Large businesses usually have a purchase manager who’s sole job is making equipment and supply purchasers. It’s usually harder to reach these managers, and there are fewer large businesses, but they make for very lucrative accounts. Once you can build a good relationship with a purchase manager, they can be responsible for a lot of sales. Most purchasers buy equipment in bulk, and they usually have budgets that allow them to buy good equipment.

4.3 Industry Analysis

The ergonomic industry is growing by leaps and bounds. As the use of computers increases in offices, people are experiencing lots of health problems from repetitious use of computers all day long. The ailments can really vary, but knowledge of ergonomic products is growing as people realize these problems exist.

The ergonomic product manufacturing industry is also growing as more companies are putting out new products for cheaper prices.

WorkChairs aims to sell locally to small and large businesses, while also serving those two markets and the home office market on the Web. We believe this combination of local and nationwide sales will provide a solid base for a business.

4.3.1 Competition and Buying Patterns

People shopping for ergonomic products choose their retailer based on the following criteria:

Product selection : They want to work with a company that provides a number of ergonomic products to choose from, including competing brands.

Price : Nobody wants to pay more than they have to, and generally ergonomic products are more expensive than people anticipate, so price is usually a big issue.

Customer Service : People usually have questions before purchasing an ergonomic product because, for the most part, they have never seen or worked with the product before. This means that our website must explain things well and make it easy to contact us. We also must provide great customer service locally to keep our clients educated and happy.

Strategy and Implementation Summary

The primary strategies of WorkChairs are:

• Sell niche ergonomic products that are hard to find in normal sales channels and usually take some education to understand and use.
• Educate our customers and nurture relationships with them by providing superior customer service.
• Sell locally and online to maximize two different sales channels.

5.1 Competitive Edge

The primary competitive edge of WorkChairs is our product selection and how we educate our customers. We carry hard-to-find products that solve specific ergonomic needs. These are products you can’t find at local office furniture stores or superstores such as Office Depot, Staples, etc. These products are only carried by a few ergonomic specialty retailers both locally and online. In our local market, there are only a few small office supply stores that carry these products, and they aren’t very active in selling them or educating their customers about them.

We will have samples of a range of our products on hand for our local customers to test-sit. Part of the education process is give people the kinesthetic experience of using properly designed and sized chairs, workstations, etc. Purchases will be drop-shipped directly from the manufacturers to the customers, or to us, as our customers prefer. 

Online, we hope to educate our customers better than anyone else and show why they need our products and how these will help solve their problems. There are lots of websites that carry ergonomic products, but most of them just list the products and don’t give much information about them.

5.2 Marketing Strategy

Our marketing strategy has two categories that both hit our three target markets:

Local Marketing Strategy – We intend to hit our three target markets locally “the old fashioned way.” 

• Cold Calls – Jake Wilson will call on local businesses both small and large to educate them on our company and our ergonomic products.
• Yellow Pages – We will be listed in the local yellow pages under office products, office furniture, etc.
• Business Groups – Jake and Lisa Wilson will each be joining a number of local business groups in order to network and make contacts at local companies. We will use these contacts to get a foot in the door to build relationships with new customers.

Online Marketing Strategy – Our online marketing strategy will be run by Peter Wilson who is in charge of our website.

• Search Engines – We will pay to be listed in all the paid inclusion search engines and directories, as well as submitting to all the free search engines. Peter Wilson is an expert in this area, and will have our site optimized to do well in the engines.
• Pay-per-click Advertising – We will be spending a limited monthly budget on pay-per-click advertising on Overture and Google for targeted ergonomic keywords.
• Link-building Campaign – Our website will be more than just an online store. We will provide tons of information about ergonomics that will be educational for people trying to solve health problems. This will make our site an ergonomic resource worth linking to from other websites. We will have an ergonomic resources directory that will allow us to do link exchanges with other websites.
• Affiliate Program – We will have an affiliate program for other websites to sign up and earn a 10% commission on sales they refer to us.
• Word of Mouth – We will have features on our site to allow users to send pages from our site to their friends or co-workers.

5.3 Sales Strategy

Our sales strategy is broken down into two different areas:

• Local Sales – We will sell to local customers and employ a traditional local business sales strategy. Jake Wilson will be our primary salesman, and he’ll work in a normal fashion of calling on local businesses and informing them about our company and our products. Mr. Wilson will also join local business groups to network, and try to be the kind of salesman people refer to others. He does not earn a commission, as he will be working on salary as part owner. It’s possible that an additional local salesperson will be brought onto the team in the future.
• Online Sales – Obviously, selling online is different from selling locally. We’ll rely on our website to provide product information and answer the questions customers have about their products. Jake and Lisa Wilson will be available by phone and email to answer questions the site alone can’t answer. Otherwise, it’s a traditional e-commerce setup where the customer orders the product and WorkChairs either ships out the product themselves if it’s in inventory, or alerts the manufacturer who will drop ship the product.

5.3.1 Sales Forecast

Each product category has a different growth rate for the first year based on our projections for how much growth there is in each area. We feel Chairs and Other will each see a 20% growth rate. We feel that the growth rate of Workstations and Computer Accessories will be slower at 15%.

After year one, we anticipate an overall growth rate of about 20%.

5.4 Milestones

The accompanying table is a list of our initial milestones for the launch of WorkChairs. It lists the actual milestone, date that we start working on the milestone, the date the milestone should be accomplished, the employee in charge, and the department. We are not rushed to get this business going, but we still feel it’s crucial to hit our milestones on time to get the business going before the slow summer season hits. We’d like to use the summer season to fine tune our website and make sure our relationships with our manufacturers are all solid and working well. We will use the Plan vs. Actual feature of Business Plan Pro® PREMIER to track our progress in getting everything done on time.

Web Plan Summary

The WorkChairs’ website will be more than just a brochure for our local business, it will be a huge sales channel to the online world.

The focus of our site will be a combination of a store for our products and an ergonomic educational resource.

The store section of our site will be a very clean design that is similar to most e-commerce sites so users are familiar with the way things work. We’ll provide lots of information about our products and how they help solve people’s problems. We’ll also make it very clear to users how they can contact us for individual sales support and customer service. We think users might need some hand holding to choose the right product.

The ergonomic information section of our site will provide information about all the most common health problems caused by office working conditions. It will outline the health problems, the causes, and provide solutions in the form of positioning and posture, as well as links to products that can be purchased. We feel this section of our site will validate WorkChairs as experts in the field, and provide incentive for other websites to link to our website.

6.1 Website Marketing Strategy

Our overall online marketing strategy falls into the following strategies:

• Search Engines – We will be paying for listings in the paid inclusion engines as well as submitting to free engines like Google. Peter Wilson is an expert in this field and he will be designing our site from the start to have keywords built into the copy and give the site an overall search-engine friendly design.
• Pay-per-click Advertising – We’ll have a limited monthly budget for pay-per-click advertising on Google and Overture for selected targeted ergonomic keywords that fit our products. We will monitor our return on investment closely here to make sure we’re profitable with this advertising.
• Link-building Campaign – The educational aspect of our site along with our resources section will allow us to get links from other sites either through the quality of our content or in a link exchange manner. We will try to get links from good sites in ergonomics, furniture, office supplies, and other related areas.
• Affiliate Program – We will have an affiliate program that pays other websites 10% for sales that they refer to our website. This will get us more links, and provide incentive for other sites to market our products to their visitors.
• Word of Mouth – Our site will be set up so that’s it’s easy for visitors to send pages of our site to their friends and co-workers. We also hope their satisfaction with our products will lead them to tell others about us.

6.2 Development Requirements

The development of the WorkChairs website will start on January 1st of 2002. The estimated finish date of the website will be February 15, 2002. Peter Wilson will be developing all aspects of the website.

• Front End – The front end of the website is the graphic user design and interface that will be designed by Peter Wilson. The design will be simple with bland colors and feature a similar interface of popular e-commerce websites.
• Back End – The back end of our system is also being developed by Peter Wilson. It will feature a mySQL database and will use PHP as the programming language for the site logic. The e-commerce package is in PHP and is a combination of a base package and custom programming by Peter Wilson. The advantage of this setup is that we can customize it, it’s free, and it’s extremely fast. The product information will be stored in the database.
• Administration – It will be easy to add and edit content and product information on the website due to the administrative interface programmed by Peter Wilson. Both Jake and Lisa Wilson will be able to add/edit/delete products and content at any time.
• Future Development – As an employee of WorkChairs, Peter will be working part-time developing new features for the website and marketing it online.

Management Summary management summary will include information about who's on your team and why they're the right people for the job, as well as your future hiring plans.">

WorkChairs is owned and managed by Jake and Lisa Wilson. The only other employee is our manager of the website, Peter Wilson. We don’t initially plan on hiring any additional employees, but there is a possibility of adding a local salesperson in the future.

• Jake Wilson – Jake has over 30 years experience in the office supply/furniture and ergonomics industry. He owned his own local store for 25 years and worked as President and the head of the sales division. Jake built up a huge knowledge of products, developed relationships with manufacturers, and made many valuable local contacts at businesses in the area which WorkChairs can use. Jake will work as the President of WorkChairs as well as being the primary local salesperson and expert on products.
• Lisa Wilson – Lisa also has over 30 years experience as she ran the local office store with her husband Jake. Lisa has more experience in the accounting and organizational aspects of the business, so she’ll be taking that role with WorkChairs.
• Peter Wilson – Peter grew up working in the office store, but has since left that industry and became a seasoned expert in Web development, online sales, and online marketing. Peter will be in charge of the website and it’s marketing for WorkChairs.

7.1 Personnel Plan

Financial Plan investor-ready personnel plan .">

The financial plan of WorkChairs is very simple and conservative. We aim to keep our expenses low while growing sales very slowly and under control. Because we don’t have any major expenditures to make, we don’t need to have huge amounts of cash on hand. We just need enough to pay our bills and our salary, and provide additional cushion to our account.

We expect to have a positive cash balance at all times.

We expect to be profitable in 2002 and 2004 while losing a little bit of money in 2003 as our payroll growth jumps up.

We expect our cash on hand to be stable and growing steadily by 2004.

8.1 Important Assumptions

We assume that interest rates and tax rates will stay the same as can be seen in our general assumptions table. We assume the economy will not become much worse than it is right now. At the current level of the economy we believe our goals and projections are attainable.

8.2 Break-even Analysis

Our Break-even Analysis is based on an average revenue per sale. This is an average because although we sell high-priced chairs that range from $200-$2,000, we also sell a larger number of cheaper products like copy holders, mice, wrist rests, keyboards, keyboard trays, monitor glare screens, and other products.

We aim to take a keystone mark-up on our products, i.e. 100%.

Our monthly fixed costs consist of three salaries and operating expenses.

The table and chart below calculate our break-even point in revenue per month.

8.3 Projected Profit and Loss

The accompanying Profit and Loss table is a good example of how we will be keeping our expenses and payroll low while we grow sales. This will cause us to lose a little money in 2003, but we’ll be profitable from 2004 on. Our sales projections are very conservative, so we’re actually hoping that we’ll be profitable in 2003 as well, but we’re going with the conservative estimates shown in the table.

We aim to keep our gross margin up, and we think we can improve this over time as we gain more customers because we won’t have to battle on price with other retailers.

8.4 Projected Cash Flow

Our Projected Cash Flow table and chart show that we have little risk in this business as we’ll always keep a sizeable cash balance. We have a projected period of three months in the slow summer period were we’ll see a negative net cash flow, but our balance will stay positive so we’ll be able to pay our bills and stay in the positive.

8.5 Projected Balance Sheet

WorkChairs is not looking to grow at a super-fast pace, but we do project to grow our net-worth and cash slowly as time goes on. By 2004 we project to have a cushion of cash on hand while still paying our three employees decent salaries for their work.

8.6 Business Ratios

The following table outlines some of the more important ratios from the Office Furniture industry. The final column, Industry Profile, details specific ratios based on the industry as it is classified by the Standard Industry Classification (SIC) code, 5712.9904. Our Gross Margin will increase from 2002-2004 as well are our profit ratio. Both will dip in 2003 as our expense ratio grows from a payroll increase.

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Revisions to the Entity List

A Rule by the Industry and Security Bureau on 08/27/2024

This document has been published in the Federal Register . Use the PDF linked in the document sidebar for the official electronic format.

• Document Details Published Content - Document Details Agencies Department of Commerce Bureau of Industry and Security Agency/Docket Number Docket No. 240820-0222 CFR 15 CFR 744 Document Citation 89 FR 68544 Document Number 2024-19130 Document Type Rule Pages 68544-68570 (27 pages) Publication Date 08/27/2024 RIN 0694-AJ79 Published Content - Document Details
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Department of Commerce

Bureau of industry and security.

• 15 CFR Part 744
• [Docket No. 240820-0222]
• RIN 0694-AJ79

Bureau of Industry and Security, Department of Commerce.

Final rule.

In this rule, the Bureau of Industry and Security (BIS) amends the Export Administration Regulations (EAR) by adding 123 entities under 131 entries to the Entity List. These entries are listed on the Entity List under the destinations of Canada (1), the People's Republic of China (China) (42), the Crimea Region of Ukraine (1), Cyprus (1), Iran (11), Kazakhstan (1), Kyrgyzstan (1), Russia (63), Turkey (8), Ukraine (1), and the United Arab Emirates (UAE) (1). Three entities are added to the Entity List under two destinations and two entities are added to the Entity List under three destinations, which accounts for the difference in the totals. These entities have been determined by the U.S. Government to be acting contrary to the national security or foreign policy interests of the United States.

This rule is effective August 27, 2024.

Chair, End-User Review Committee, Office of the Assistant Secretary for Export Administration, Bureau of Industry and Security, Department of Commerce, Phone: (202) 482-5991, Email: [email protected] .

The Entity List (supplement no. 4 to part 744 of the EAR ( 15 CFR parts 730 through 774 )) identifies entities for which there is reasonable cause to believe, based on specific and articulable facts, that the entities have been involved, are involved, or pose a significant risk of being or becoming involved in activities contrary to the national security or foreign policy interests of the United States, pursuant to § 744.11(b). The EAR impose additional license requirements on, and limit the availability of, most license exceptions for exports, reexports, and transfers (in-country) when a listed entity is a party to the transaction. The license review policy for each listed entity is identified in the “License Review Policy” column on the Entity List, and the impact on the availability of license exceptions is described in the relevant Federal Register document that added the entity to the Entity List. The Bureau of Industry and Security (BIS) places entities on the Entity List pursuant to part 744 (Control Policy: End-User and End-Use Based) and part 746 (Embargoes and Other Special Controls) of the EAR.

The End-User Review Committee (ERC), composed of representatives of the Departments of Commerce (Chair), State, Defense, Energy and, where ( print page 68545) appropriate, the Treasury, makes all decisions regarding additions to, removals from, or other modifications to the Entity List. The ERC makes all decisions to add an entry to the Entity List by majority vote and makes all decisions to remove or modify an entry by unanimous vote.

The ERC determined to add Megatek TI Solutions, under the destination of Canada, and MAK Logistics; Megatek Ltd.; Wellgo International Industrial Limited; and Yield Bright Industrial Limited, all under the destination of China to the Entity List. These entities are added for providing U.S.-origin electronics and other items to Russian industry and military-related parties without the required BIS licenses. This activity is contrary to U.S. national security and foreign policy interests under § 744.11 of the EAR. These entities are added with a license requirement for all items subject to the EAR and a license review policy of presumption of denial.

The ERC determined to add eight entities to the Entity List: Incomp Limited, under the destination of China; All Global Trading Elektronik Dis Ticaret Ltd Sti, under the destinations of Kazakhstan, Kyrgyzstan, and Turkey; Aktsionernoe Obshchestvo Radiotekhkomplekt, Izumrud AO, and Severny Reid AO, under the destination of Russia; and ASR Trans Lojistik Ve Dis Tic Ltd Sti, BRK Uluslararasi Nakliyat Tic. Ltd. Sti, and Turkik Union Dijital Teknoloji Donusum Ofisi, under the destination of Turkey. These entities are connected to transshipment networks involved in sending sensitive U.S.-origin technology to Russia. This activity is contrary to U.S. national security and foreign policy interests under § 744.11 of the EAR. The ERC has determined that these entities qualify as Russian Procurement Entities under § 734.9(g) of the EAR and are receiving a footnote 3 designation due to their significant risk of involvement in the supply or diversion of items subject to the EAR to procurement networks for Russia's defense industry or intelligence services. A footnote 3 designation subjects these entities to the Russia/Belarus-Military End User and Procurement Foreign Direct Product (FDP) rule, detailed in § 734.9(g). These entities are added with a license requirement for all items subject to the EAR. They are added with a license review policy of denial.

The End User Review Committee determined to add two addresses, Address 09 and Address 10, under the destination of China and one address, Address 01, under the destination of Turkey to the Entity List. These addresses are associated with significant transshipment of sensitive goods to Russia. BIS has verified that these addresses are associated with a significant number of entities whose activities risk violating the EAR. These risks include associations with parties on the Entity List or the Unverified List at the listed addresses. These activities are contrary to U.S. national security and foreign policy interests under § 744.11 of the EAR. Licenses will be required for all entities at these addresses for all items that are subject to the EAR on the Commerce Control List and supplement no. 7 of part 746 of the EAR. License applications will be reviewed with a license review policy of presumption of denial.

The ERC determined to add the following 34 entities to the Entity List: 3-K Electronics Limited; AllChips Limited; Chipgoo Electronics Limited; Cinty Int'l (HK) Industry Co., Limited; Cloudmax Tech Co., Limited; DGT Technology (HK) Co., Limited; Eastech Electronics Limited; Furuida Heilongjiang Supply Chain Management Co., Ltd.; Grun Group Co., Limited; Hongkong Inkson Technology Limited; Hong Kong Haiheng Electronics Co. Ltd.; Hong Kong Qisu Electronic Technology Co. Ltd.; Hong Kong Yayang Trading Ltd.; Hytera Communications Limited; ICsole Technology Limited; Kvantek Limited; Lett Tronic Group Limited; LL Electronic Limited; Mei Xin Electronic (HK) Co., Limited; Midas Lighting Limited; Minhoo Logistics Limited; O-Nice Trading Co. Limited; Piraclinos Limited; RYX Electronic (HK) Limited; Shenzhen Bailiansheng Electronic Science and Technology Co., Ltd; Shenzhen BZ Space Technology Co., Ltd.; Shenzhen Dongpengshang Electronics Co., Ltd.; Shenzhen SCH Technology Co., Ltd.; Siliborn Technology Limited; Superchip Limited; Tengxuxing Electronic Technology HK Limited; and Yusha Group Co. Ltd. under the destination of China; Merlion Trade Worldwide Ltd. under the destination of Cyprus; and Confienza Pazarlama Ve Ticaret Anonim Sirketi under the destination of Turkey. These entities are added for continuing to procure or attempting to procure items in support of Russia's military and/or defense industrial base. Specifically, these 34 entities have supplied U.S.-origin and U.S.-branded components on behalf of Russian entities that have been sanctioned since Russia's full-scale invasion of Ukraine or are otherwise linked to the Russian defense industrial base. This activity is contrary to U.S. national security and foreign policy interests under § 744.11 of the EAR. The ERC has determined that these entities qualify as Russian Procurement Entities under § 734.9(g) of the EAR and are receiving a footnote 3 designation due to their significant risk of involvement in the supply or diversion of items subject to the EAR to procurement networks for Russia's defense industry or intelligence services. A footnote 3 designation subjects these entities to the Russia/Belarus-Military End User and Procurement Foreign Direct Product (FDP) rule, as detailed in § 734.9(g) of the EAR. These entities are added with a license requirement for all items subject to the EAR. They are added with a license review policy of denial.

The ERC determined to add eleven entities under the destination of Iran to the Entity List for actions contrary to the national security or foreign policy interests of the United States: Arvin Fan Avar Vira Company; BuyBest Electronic; Digi Ghate; Fidar System Pooyan; General Electronic; IC Kala; Iran Compo Co.; Javan Electronic Company; SkyTech Electronic; Tehran Pishro Trading Co.; and Zagros Electronic. BuyBest Electronic is also being listed under the destinations of China and Turkey, and Tehran Pishro Trading Co. is also listed under the destinations of China and the United Arab Emirates. These eleven entities under fifteen entries are connected to the supply of, or attempts to supply, U.S.-origin items to Iran, some of which are Tier 1 items on the Common High Priority List of items needed by Russia's military to sustain its brutal attack on Ukraine. ( See https://www.bis.doc.gov/​index.php/​all-articles/​13-policy-guidance/​country-guidance/​2172-russia-export-controls-list-of-common-high-priority-items . ) This activity is contrary to U.S. national security and foreign policy interests under § 744.11 of the EAR. These entities are added with a license requirement for all items subject to the EAR and a license review policy of presumption of denial.

The ERC determined to add the following 48 entities under the destination of Russia to the Entity List: Complex Unmanned Solutions Center LTD; Federal Government Budget Institution State Institute for Experimental Military Medicine; Federal State Enterprise Aleksinsky Chemical Plant; Federal State Enterprise Kamenksy Combine; Federal State Enterprise Perm Powder Plant; Joint Stock Company 75 Arsenal; Joint Stock Company 419 Aircraft Repair Plant; Joint Stock Company Astrophysika National Centre of Laser Systems and ( print page 68546) Complexes; Joint Stock Company Aviation Reducers and Transmissions—Perm Motors; Joint Stock Company Central Design Bureau of Apparatus Engineering; Joint Stock Company Class; Joint Stock Company Dubnenskiy Machine-Building Plant named after N. P. Fedorova; Joint Stock Company Eirburg; Joint Stock Company Electroavtomatika; Joint Stock Company Gazprom Space Systems; Joint Stock Company Helicopter Service Company; Joint Stock Company Institute of Applied Physics; Joint Stock Company Jupiter Plant; Joint Stock Company Kumertau Aviation Production Enterprise; Joint Stock Company M.V. Frunze Arsenal Design Bureau; Joint Stock Company National Helicopter Construction Center named after M.L. Mil and N.I. Kamov; Joint Stock Company ODK-Klimov; Joint Stock Company Polimer; Joint Stock Company Progress Arsenyev Aviation Company; Joint Stock Company Radioavionika; Joint Stock Company Research Production Association Kurganpribor; Joint Stock Company Scientific-Technical Center for Electronic Warfare; Joint Stock Company Strommashina Shield; Joint Stock Company Verkhneturinsky Machine Building Plant; Joint Stock Company VNIIR-Progress; Joint Stock Company Volsk Mechanical Plant; Joint Stock Company Zavod Korpusov; Limited Liability Company Eliars; Limited Liability Company Hotu Tent; Limited Liability Company K.ARMA; Limited Liability Company Laggar Pro; Limited Liability Company Lipetsk Mechanical Plant; Limited Liability Company Moscow Arms Company; Limited Liability Company NPK Aerokon; Limited Liability Company Plaz; Limited Liability Company Research and Production Company Makrooptika; Limited Liability Company Special Design and Technology Bureau Plastic; Limited Liability Company Zavod Spetsagregat; Open Joint Stock Company Aero Engine Scientific and Technical Company Soyuz; Open Joint Stock Company Balashikhinskiy Liteyno Mekhanicheskiy Zavod; Open Joint Stock Company Machine Building Plant Arsenal; Public Joint Stock Company Taganrog Aviation Scientific-Technical Complex named after G.M. Beriev; and Public Joint Stock Company UEC-Ufa Engine Industrial Association. The ERC also determined to add Joint Stock Company Design Bureau of Navigation Systems under the destinations of Russia and Ukraine, and, under the destinations of the Crimea Region of Ukraine and Russia, Joint Stock Company Special Research Bureau of Moscow Power Engineering Institute. BIS, under § 744.8 of the EAR, imposes license requirements for certain entities on the U.S. Department of the Treasury, Office of Foreign Assets Control's List of Specially Designated Nationals and Blocked Persons (SDN List). These entities have been designated pursuant to E.O. 14024 . As such, they are already subject to a license requirement for all items subject to the EAR, pursuant to § 744.8(a)(1)(i)(C). However, these additions to the Entity List are being made because the ERC has determined that they are Russian or Belarusian `military end users' pursuant to § 744.21. The ERC has determined that these entities are involved in the development, design, production, or maintenance of weapons systems or other items used by the Russian military. A footnote 3 designation subjects these entities to the Russia/Belarus-Military End User and Procurement FDP rule, as detailed in § 734.9(g) of the EAR. Entities subject to § 744.8's license requirements are not subject to the Russia/Belarus-Military End User and Procurement FDP rule, so these entities are being added specifically pursuant to § 744.21. These entities are added with a license requirement for all items subject to the EAR and a license review policy of denial for all items subject to the EAR apart from food and medicine designated as EAR99, which will be reviewed on a case-by-case basis.

The ERC determined to add six entities, all under the destination of Russia, to the Entity List: OOO Alabuga Development; JSC SEZ PPT Alabuga; OOO GEA; LLC Drake; LLC Alabuga Machinery; and LLC Alabuga Exim. Since February 24, 2022, BIS has implemented a series of stringent export controls that restrict Russia's access to the technologies and other items that it needs to sustain its illegal war in Ukraine. As a result of these enhanced export controls, Russia has sought assistance from Iran to develop and construct an unmanned aerial vehicle (UAV) production facility in its “Alabuga Special Economic Zone.” This facility is intended to produce thousands of Shahed-136 drones in support of Russia's war effort against Ukraine. These additions are being made because these entities are tied to, have supplied, or have partnered with Russia's unmanned aerial vehicle (UAV) program, the Alabuga Special Economic Zone, and/or Russia's military-industrial complex. This activity is contrary to U.S. national security and foreign policy interests under § 744.11 and these entities qualify as military end users under § 744.21 of the EAR. These entities are receiving a footnote 3 designation because the ERC has determined that they are Russian or Belarusian `military end users' pursuant to § 744.21. A footnote 3 designation subjects these entities to the Russia/Belarus-Military End User and Procurement FDP rule, detailed in § 734.9(g). The entities are added with a license requirement for all items subject to the EAR and a license review policy of denial for all items subject to the EAR apart from food and medicine as EAR99, which will be reviewed on a case-by-case basis.

The ERC determined to add four entities: Limited Liability Company Analytical Manufactory; Limited Liability Company Eluent Laboratories; Limited Liability Company Medstandart; and Limited Liability Company Rusmedtorg, under the destination of Russia, and one entity, Biopharmist Medikal Urunler Dis Ticaret LTD STI, under the destination of Turkey, to the Entity List. On June 12, 2024, these entities were designated by the U.S. Department of Treasury's Office of Foreign Assets Control under Executive Order 14024 . BIS imposes a license requirement under § 744.8 of the EAR for the export, reexport, and transfer (in-country) of all items subject to the EAR when a person, who is a party to a transaction, is designated on the SDN List with a specified identifier. These additions are being made because the ERC has determined that these entities are Russian or Belarusian `military end users' pursuant to § 744.21 of the EAR. A footnote 3 designation subjects these entities to the Russia/Belarus-Military End User and Procurement FDP rule, detailed in § 734.9(g). These entities are added with a license requirement for all items subject to the EAR and a license review policy of denial for all items subject to the EAR apart from food and medicine designated as EAR99, which will be reviewed on a case-by-case basis.

The End User Review Committee determined to add one address, Address 11, under the destination of China to the Entity List. This address is associated with significant transshipment of sensitive goods to Russia. BIS has verified that this address is associated with a significant number of entities whose activities risk violating the EAR. These risks include associations with parties on the U.S. Department of the Treasury's Specially Designated Nationals (SDN) List or parties that have been subject to end use checks that were deemed unverified. These activities are contrary to U.S. national security and foreign policy interests under § 744.11 ( print page 68547) of the EAR. Licenses will be required for all entities at these addresses for all items on the Commerce Control List and supplement no. 7 of part 746 of the EAR and subject to the EAR. License applications will be reviewed with a license review policy of presumption of denial.

For the reasons described above, this final rule adds the following 123 entities under 131 entries to the Entity List and includes, where appropriate, aliases:

• Megatek TI Solutions.
• 3-K Electronics Limited,
• Address 09,
• Address 10,
• Address 11,
• AllChips Limited,
• BuyBest Electronic,
• Chipgoo Electronics Limited,
• Cinty Int'l (HK) Industry Co., Limited,
• Cloudmax Tech Co., Limited,
• DGT Technology (HK) Co., Limited,
• Eastech Electronics Limited,
• Furuida Heilongjiang Supply Chain Management Co., Ltd.,
• Grun Group Co., Limited,
• Hong Kong Haiheng Electronics Co. Ltd.,
• Hong Kong Qisu Electronic Technology Co. Ltd.,
• Hong Kong Yayang Trading Ltd.,
• Hongkong Inkson Technology Limited,
• Hytera Communications Limited,
• ICsole Technology Limited,
• Incomp Limited,
• Kvantek Limited,
• Lett Tronic Group Limited,
• LL Electronic Limited,
• MAK Logistics,
• Megatek Ltd.,
• Mei Xin Electronic (HK) Co., Limited,
• Midas Lighting Limited,
• Minhoo Logistics Limited,
• O-Nice Trading Co. Limited,
• Piraclinos Limited,
• RYX Electronic (HK) Limited,
• Shenzhen Bailiansheng Electronic Science and Technology Co., Ltd,
• Shenzhen BZ Space Technology Co., Ltd.,
• Shenzhen Dongpengshang Electronics Co., Ltd.,
• Shenzhen SCH Technology Co., Ltd.,
• Siliborn Technology Limited,
• Superchip Limited,
• Tehran Pishro Trading Co.,
• Tengxuxing Electronic Technology HK Limited,
• Wellgo International Industrial Limited,
• Yield Bright Industrial Limited, and
• Yusha Group Co. Ltd.
• Joint Stock Company Special Research Bureau of Moscow Power Engineering Institute.
• Merlion Trade Worldwide Ltd.
• Arvin Fan Avar Vira Company,
• Digi Ghate,
• Fidar System Pooyan,
• General Electronic,
• Iran Compo Co.,
• Javan Electronic Company,
• SkyTech Electronic,
• Tehran Pishro Trading Co., and
• Zagros Electronic.
• All Global Trading Elektronik Dis Ticaret Ltd Sti.
• Aktsionernoe Obshchestvo Radiotekhkomplekt,
• Complex Unmanned Solutions Center LTD,
• Federal Government Budget Institution State Institute for Experimental Military Medicine,
• Federal State Enterprise Aleksinsky Chemical Plant,
• Federal State Enterprise Kamenksy Combine,
• Federal State Enterprise Perm Powder Plant,
• Izumrud AO,
• Joint Stock Company 75 Arsenal,
• Joint Stock Company 419 Aircraft Repair Plant,
• Joint Stock Company Astrophysika National Centre of Laser Systems and Complexes,
• Joint Stock Company Aviation Reducers and Transmissions—Perm Motors,
• Joint Stock Company Central Design Bureau of Apparatus Engineering,
• Joint Stock Company Class,
• Joint Stock Company Design Bureau of Navigation Systems,
• Joint Stock Company Dubnenskiy Machine-Building Plant named after N. P. Fedorova,
• Joint Stock Company Eirburg,
• Joint Stock Company Electroavtomatika,
• Joint Stock Company Gazprom Space Systems,
• Joint Stock Company Helicopter Service Company,
• Joint Stock Company Institute of Applied Physics,
• Joint Stock Company Jupiter Plant,
• Joint Stock Company Kumertau Aviation Production Enterprise,
• Joint Stock Company M.V. Frunze Arsenal Design Bureau,
• Joint Stock Company National Helicopter Construction Center named after M.L. Mil and N.I. Kamov,
• Joint Stock Company ODK-Klimov,
• Joint Stock Company Polimer,
• Joint Stock Company Progress Arsenyev Aviation Company,
• Joint Stock Company Radioavionika,
• Joint Stock Company Research Production Association Kurganpribor,
• Joint Stock Company Scientific-Technical Center for Electronic Warfare,
• Joint Stock Company Special Research Bureau of Moscow Power Engineering Institute,
• Joint Stock Company Strommashina Shield,
• Joint Stock Company Verkhneturinsky Machine Building Plant,
• Joint Stock Company VNIIR-Progress,
• Joint Stock Company Volsk Mechanical Plant,
• Joint Stock Company Zavod Korpusov,
• JSC SEZ PPT Alabuga,
• Limited Liability Company Analytical Manufactory,
• Limited Liability Company Eliars,
• Limited Liability Company Eluent Laboratories,
• Limited Liability Company Hotu Tent,
• Limited Liability Company K.ARMA,
• Limited Liability Company Laggar Pro,
• Limited Liability Company Lipetsk Mechanical Plant,
• Limited Liability Company Medstandart,
• Limited Liability Company Moscow Arms Company,
• Limited Liability Company NPK Aerokon,
• Limited Liability Company Plaz,
• Limited Liability Company Research and Production Company Makrooptika,
• Limited Liability Company Rusmedtorg,
• Limited Liability Company Special Design and Technology Bureau Plastic,
• Limited Liability Company Zavod Spetsagregat,
• LLC Alabuga Exim,
• LLC Alabuga Machinery,
• LLC Drake, ( print page 68548)
• OOO Alabuga Development,
• Open Joint Stock Company Aero Engine Scientific and Technical Company Soyuz,
• Open Joint Stock Company Balashikhinskiy Liteyno Mekhanicheskiy Zavod,
• Open Joint Stock Company Machine Building Plant Arsenal,
• Public Joint Stock Company Taganrog Aviation Scientific-Technical Complex named after G.M. Beriev,
• Public Joint Stock Company UEC-Ufa Engine Industrial Association, and
• Severny Reid AO.
• Address 01,
• All Global Trading Elektronik Dis Ticaret Ltd Sti,
• ASR Trans Lojistik Ve Dis Tic Ltd Sti,
• Biopharmist Medikal Urunler Dis Ticaret LTD STI,
• BRK Uluslararasi Nakliyat Tic. Ltd. Sti,
• Confienza Pazarlama Ve Ticaret Anonim Sirketi, and
• Turkik Union Dijital Teknoloji Donusum Ofisi.
• Joint Stock Company Design Bureau of Navigation Systems.
• Tehran Pishro Trading Co.

For the changes being made in this final rule, shipments of items removed from eligibility for a License Exception or export, reexport, or transfer (in-country) without a license (NLR) as a result of this regulatory action that were en route aboard a carrier to a port of export, reexport, or transfer (in-country), on August 27, 2024, pursuant to actual orders for export, reexport, or transfer (in-country) to or within a foreign destination, may proceed to that destination under the previous eligibility for a License Exception or export, reexport, or transfer (in-country) without a license (NLR) before September 26, 2024. Any such items not actually exported, reexported, or transferred (in-country) before midnight, on September 26, 2024, require a license in accordance with this final rule.

On August 13, 2018, the President signed into law the John S. McCain National Defense Authorization Act for Fiscal Year 2019, which included the Export Control Reform Act of 2018 (ECRA) ( 50 U.S.C. 4801-4852 ). ECRA provides the legal basis for BIS's principal authorities and serves as the authority under which BIS issues this rule.

1. This rule has been determined to be not significant for purposes of Executive Order 12866 .

2. Notwithstanding any other provision of law, no person is required to respond to or be subject to a penalty for failure to comply with a collection of information, subject to the requirements of the Paperwork Reduction Act of 1995 ( 44 U.S.C. 3501 et seq. ) (PRA), unless that collection of information displays a currently valid Office of Management and Budget (OMB) Control Number. This regulation involves an information collection approved by OMB under control number 0694-0088, Simplified Network Application Processing System. BIS does not anticipate a change to the burden hours associated with this collection as a result of this rule. Information regarding the collection, including all supporting materials, can be accessed at https://www.reginfo.gov/​public/​do/​PRAMain .

3. This rule does not contain policies with federalism implications as that term is defined in Executive Order 13132 .

4. Pursuant to section 1762 of the Export Control Reform Act of 2018, this action is exempt from the Administrative Procedure Act ( 5 U.S.C. 553 ) requirements for notice of proposed rulemaking, opportunity for public participation, and delay in effective date.

5. Because a notice of proposed rulemaking and an opportunity for public comment are not required to be given for this rule by 5 U.S.C. 553 , or by any other law, the analytical requirements of the Regulatory Flexibility Act, 5 U.S.C. 601 , et seq., are not applicable.

Accordingly, no regulatory flexibility analysis is required, and none has been prepared.

• Reporting and recordkeeping requirements

Accordingly, part 744 of the Export Administration Regulations ( 15 CFR parts 730 through 774 ) is amended as follows:

1. The authority citation for 15 CFR part 744 continues to read as follows:

Authority: 50 U.S.C. 4801-4852 ; 50 U.S.C. 4601 et seq.; 50 U.S.C. 1701 et seq.; 22 U.S.C. 3201 et seq.; 42 U.S.C. 2139a ; 22 U.S.C. 7201 et seq.; 22 U.S.C. 7210 ; E.O. 12058 , 43 FR 20947 , 3 CFR , 1978 Comp., p. 179; E.O. 12851 , 58 FR 33181 , 3 CFR , 1993 Comp., p. 608; E.O. 12938 , 59 FR 59099 , 3 CFR , 1994 Comp., p. 950; E.O. 13026 , 61 FR 58767 , 3 CFR , 1996 Comp., p. 228; E.O. 13099 , 63 FR 45167 , 3 CFR , 1998 Comp., p. 208; E.O. 13222 , 66 FR 44025 , 3 CFR , 2001 Comp., p. 783; E.O. 13224 , 66 FR 49079 , 3 CFR , 2001 Comp., p. 786; Notice of September 7, 2023, 88 FR 62439 (September 11, 2023); Notice of November 1, 2023, 88 FR 75475 (November 3, 2023).

2. Supplement no. 4 to part 744 is amended:

a. Under CANADA, by adding, in alphabetical order, an entry for “Megatek TI Solutions”;

b. Under CHINA, PEOPLE'S REPUBLIC OF by adding, in alphabetical order, entries for “3-K Electronics Limited;” “Address 09;” “Address 10;” “Address 11;” “AllChips Limited;” “BuyBest Electronic;” “Chipgoo Electronics Limited;” “Cinty Int'l (HK) Industry Co., Limited;” “Cloudmax Tech Co., Limited;” “DGT Technology (HK) Co., Limited;” “Eastech Electronics Limited;” “Furuida Heilongjiang Supply Chain Management Co., Ltd.;” “Grun Group Co., Limited;” “Hong Kong Haiheng Electronics Co. Ltd.;” “Hong Kong Qisu Electronic Technology Co. Ltd.;” “Hong Kong Yayang Trading Ltd.;” “Hongkong Inkson Technology Limited;” “Hytera Communications Limited;” “ICsole Technology Limited;” “Incomp Limited;” “Kvantek Limited;” “Lett Tronic Group Limited;” “LL Electronic Limited;” “MAK Logistics;” “Megatek Ltd.;” “Mei Xin Electronic (HK) Co., Limited;” “Midas Lighting Limited;” “Minhoo Logistics Limited;” “O-Nice Trading Co. Limited;” “Piraclinos Limited;” “RYX Electronic (HK) Limited;” “Shenzhen Bailiansheng Electronic Science and Technology Co., Ltd;” “Shenzhen BZ Space Technology Co., Ltd.;” “Shenzhen Dongpengshang Electronics Co., Ltd.;” “Shenzhen SCH Technology Co., Ltd.;” “Siliborn Technology Limited;” “Superchip Limited;” “Tehran Pishro Trading Co.;” “Tengxuxing Electronic Technology HK Limited;” “Wellgo International Industrial Limited;” “Yield Bright Industrial Limited;” and “Yusha Group Co. Ltd.”;

c. Under CRIMEA REGION OF UKRAINE by adding, in alphabetical order, an entry for “Joint Stock Company Special Research Bureau of Moscow Power Engineering Institute;”

d. Under CYPRUS by adding, in alphabetical order, an entry for “Merlion Trade Worldwide Ltd.;” ( print page 68549)

e. Under IRAN by adding, in alphabetical order, entries for “Arvin Fan Avar Vira Company;” “BuyBest Electronic;” “Digi Ghate;” “Fidar System Pooyan;” “General Electronic;” “IC Kala;” “Iran Compo Co.;” “Javan Electronic Company;” “SkyTech Electronic;” “Tehran Pishro Trading Co.;” and “Zagros Electronic;”

f. Under KAZAKHSTAN by adding, in alphabetical order, entries for “All Global Trading Elektronik Dis Ticaret Ltd Sti;”

g. Under KYRGYZSTAN by adding, in alphabetical order, entries for “All Global Trading Elektronik Dis Ticaret Ltd Sti;”

h. Under RUSSIA by adding, in alphabetical order, entries for “Aktsionernoe Obshchestvo Radiotekhkomplekt;” “Complex Unmanned Solutions Center LTD;” “Federal Government Budget Institution State Institute for Experimental Military Medicine;” “Federal State Enterprise Aleksinsky Chemical Plant;” “Federal State Enterprise Kamenksy Combine;” “Federal State Enterprise Perm Powder Plant;” “Izumrud AO;” “Joint Stock Company 75 Arsenal;” “Joint Stock Company 419 Aircraft Repair Plant;” “Joint Stock Company Astrophysika National Centre of Laser Systems and Complexes;” “Joint Stock Company Aviation Reducers and Transmissions—Perm Motors;” “Joint Stock Company Central Design Bureau of Apparatus Engineering;” “Joint Stock Company Class;” “Joint Stock Company Design Bureau of Navigation Systems;” “Joint Stock Company Dubnenskiy Machine-Building Plant named after N. P. Fedorova;” “Joint Stock Company Eirburg;” “Joint Stock Company Electroavtomatika;” “Joint Stock Company Gazprom Space Systems;” “Joint Stock Company Helicopter Service Company;” “Joint Stock Company Institute of Applied Physics;” “Joint Stock Company Jupiter Plant;” “Joint Stock Company Kumertau Aviation Production Enterprise;” “Joint Stock Company M.V. Frunze Arsenal Design Bureau;” “Joint Stock Company National Helicopter Construction Center named after M.L. Mil and N.I. Kamov;” “Joint Stock Company ODK-Klimov;” “Joint Stock Company Polimer;” “Joint Stock Company Progress Arsenyev Aviation Company;” “Joint Stock Company Radioavionika;” “Joint Stock Company Research Production Association Kurganpribor;” “Joint Stock Company Scientific-Technical Center for Electronic Warfare;” “Joint Stock Company Special Research Bureau of Moscow Power Engineering Institute;” “Joint Stock Company Strommashina Shield;” “Joint Stock Company Verkhneturinsky Machine Building Plant;” “Joint Stock Company VNIIR-Progress;” “Joint Stock Company Volsk Mechanical Plant;” “Joint Stock Company Zavod Korpusov;” “JSC SEZ PPT Alabuga;” “Limited Liability Company Analytical Manufactory;” “Limited Liability Company Eliars;” “Limited Liability Company Eluent Laboratories;” “Limited Liability Company Hotu Tent;” “Limited Liability Company K.ARMA;” “Limited Liability Company Laggar Pro;” “Limited Liability Company Lipetsk Mechanical Plant;” “Limited Liability Company Medstandart;” “Limited Liability Company Moscow Arms Company;” “Limited Liability Company NPK Aerokon;” “Limited Liability Company Plaz;” “Limited Liability Company Research and Production Company Makrooptika;” “Limited Liability Company Rusmedtorg;” “Limited Liability Company Special Design and Technology Bureau Plastic;” “Limited Liability Company Zavod Spetsagregat;” “LLC Alabuga Exim;” “LLC Alabuga Machinery;” “LLC Drake;” “OOO Alabuga Development;” “OOO GEA;” “Open Joint Stock Company Aero Engine Scientific and Technical Company Soyuz;” “Open Joint Stock Company Balashikhinskiy Liteyno Mekhanicheskiy Zavod;” “Open Joint Stock Company Machine Building Plant Arsenal;” “Public Joint Stock Company Taganrog Aviation Scientific-Technical Complex named after G.M. Beriev;” “Public Joint Stock Company UEC-Ufa Engine Industrial Association;” and “Severny Reid AO;”

i. Under TURKEY by adding, in alphabetical order, entries for “Address 01;” “All Global Trading Elektronik Dis Ticaret Ltd Sti;” “ASR Trans Lojistik Ve Dis Tic Ltd Sti;” “Biopharmist Medikal Urunler Dis Ticaret LTD STI;” “BRK Uluslararasi Nakliyat Tic. Ltd. Sti;” “BuyBest Electronic;” “Confienza Pazarlama Ve Ticaret Anonim Sirketi;” and “Turkik Union Dijital Teknoloji Donusum Ofisi;”

j. Under UKRAINE by adding in alphabetical order, an entry for “Joint Stock Company Design Bureau of Navigation Systems;” and

k. Under UNITED ARAB EMIRATES by adding in alphabetical order, an entry for “Tehran Pishro Trading Co.”

The additions read as follows:

Thea D. Rozman Kendler,

Assistant Secretary for Export Administration.

[ FR Doc. 2024-19130 Filed 8-23-24; 8:45 am]

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