diff --git a/.gitea/workflows/deploy-site.yml b/.gitea/workflows/deploy-site.yml index 1516433..bf59ca3 100644 --- a/.gitea/workflows/deploy-site.yml +++ b/.gitea/workflows/deploy-site.yml @@ -20,6 +20,7 @@ on: paths: - "site/**" - "docs/**/*.html" + - "docs/pitch/**" - ".gitea/workflows/deploy-site.yml" workflow_dispatch: diff --git a/README.md b/README.md index 7331484..734f00d 100644 --- a/README.md +++ b/README.md @@ -315,6 +315,11 @@ The detail lives in dedicated documents: same output, payback ~3.8 years on ~217M THB: its extra pays back through what the table leaves out), the five-press table, and the levers and caveats behind the numbers +- [Investor deck](docs/pitch/index.html) (October 2026): the plant in 15 + web slides for BOI, bank and institutional readers, both plans, with a + presenter view (press P) and a + [PDF](docs/pitch/CNX-Vinyl-Investor-Deck.pdf); every figure carries its + source in the business plan or the owning doc - Business plan, draft 0.3 (October 2026), in two versions: [Plan A, ~180M THB](docs/business-plan/CNX-Vinyl-Business-Plan-A.pdf) ([docx](docs/business-plan/CNX-Vinyl-Business-Plan-A.docx)) and @@ -343,6 +348,8 @@ docs/ │ ├── CNX-Vinyl-Business-Plan-B.docx / .pdf Investor business plan, Plan B (generated) │ └── build/ Python source of the plan; regenerate with │ build_plan.py +├── pitch/ Investor deck: web slides (index.html, presenter +│ view), images in img/, PDF export ├── consulting/ Consultancy proposals and overviews ├── equipment/ │ ├── newbilt/ Offers, site requirements, process schematic, diff --git a/docs/pitch/CNX-Vinyl-Investor-Deck.pdf b/docs/pitch/CNX-Vinyl-Investor-Deck.pdf new file mode 100644 index 0000000..f61c1ca Binary files /dev/null and b/docs/pitch/CNX-Vinyl-Investor-Deck.pdf differ diff --git a/docs/pitch/img/make-a-record-fans.webp b/docs/pitch/img/make-a-record-fans.webp new file mode 100644 index 0000000..cf4a405 Binary files /dev/null and b/docs/pitch/img/make-a-record-fans.webp differ diff --git a/docs/pitch/img/order-splatter.webp b/docs/pitch/img/order-splatter.webp new file mode 100644 index 0000000..ea9f014 Binary files /dev/null and b/docs/pitch/img/order-splatter.webp differ diff --git a/docs/pitch/img/plan-a-cover.webp b/docs/pitch/img/plan-a-cover.webp new file mode 100644 index 0000000..df6df8c Binary files /dev/null and b/docs/pitch/img/plan-a-cover.webp differ diff --git a/docs/pitch/img/plan-a-iso-gf.webp b/docs/pitch/img/plan-a-iso-gf.webp new file mode 100644 index 0000000..0cba281 Binary files /dev/null and b/docs/pitch/img/plan-a-iso-gf.webp differ diff --git a/docs/pitch/img/plan-a-iso-hall.webp b/docs/pitch/img/plan-a-iso-hall.webp new file mode 100644 index 0000000..d222e65 Binary files /dev/null and b/docs/pitch/img/plan-a-iso-hall.webp differ diff --git a/docs/pitch/img/record-passport.webp b/docs/pitch/img/record-passport.webp new file mode 100644 index 0000000..9106a8e Binary files /dev/null and b/docs/pitch/img/record-passport.webp differ diff --git a/docs/pitch/index.html b/docs/pitch/index.html new file mode 100644 index 0000000..7ea7eb9 --- /dev/null +++ b/docs/pitch/index.html @@ -0,0 +1,1271 @@ + + + + + + +CNX Vinyl: investment proposal + + + +
+ + +
+
Investment proposal· Draft for discussion · October 2026
+
+
+

CNX Vinyl

+

A full-chain vinyl record plant for Asia-Pacific, in Chiang Mai, Thailand

+

Investment proposal, Plans A (~180M THB) and B (~215M THB), October 2026, draft. One plant, two ways to fund it.

+
+
~182M
THB, Plan A at the midpoint, labelled ~180M: six cost levers
+
~217M
THB, Plan B at the midpoint, labelled ~215M: everything in
+
0.58 to 0.90M
records a year at 60 % specials, the same three presses in both est.
+
+

Simona Meesaiyati, Project Lead · Alexander Grabowski, Technical Consultant · supported by buildfor.life · label name Poy Records

+
+
+
Isometric render of the planned plant: factory hall with solar roof, office, utility yard, car park and road
+
Plan A as the plant and business plan calculator draws it: schematic, on the Payap scenario layout and a placeholder plot. The site is not decided.
+
+
+

Source: business plans A and B, draft 0.3 (October 2026), cover and section 1; total-investment.md "Two plans". Render: fleet-calculator.html, Plan A preset. Both prices include the 10M to 20M THB ramp-up reserve and carry no contingency.

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CNX Vinyl · Investment proposal · Draft for discussion, October 2026
+ +
+ + +
+
The opportunity
+

Asia-Pacific labels press on other continents. We know of no full-chain plant in the region.

+
+
+

Where regional customers press today

+
+
Europe, the US, Japan
Labels in Southeast Asia, Australia and much of East Asia ship masters there, wait in those queues and pay freight and time zones on top.
+
10 to 16 weeks
roughly, for a standard black LP at European and US plants today, after 6 to 9 months at the 2021 to 2022 peak.
+
One shop
The one Thai pressing shop we have seen presses only: it buys its stampers abroad, has no climate control, and cannot economically serve runs under 300 units.
+
+
+
+

Price per record: the two market data points on file

+ +

Scopes differ. Europe: black pressing with printed labels and a paper inner sleeve at 300 copies. CNX: the plan's assumed price, USD 3.76 to 5.27, covering pressing, labels, inner sleeve and assembly at 60 % specials. Thailand: the per-unit price from the August 2026 invoices (650 to 950 THB all-in at 300), a printed jacket included; several times the CNX assumption even after 100 to 150 THB for the jacket.

+
+
+

What is still open

+
    +
  • Market validation is open (roadmap item 1): no buyer prices yet. The Thai data is one buyer, one plant, one afternoon.
    • +
  • Making Vinyl Europe, Haarlem: strong supplier interest in full traceability. Supply-side evidence, not buyer validation.
    • +
  • The plan keeps its assumed price until buyers have been asked.
    • +
  • We compete on capability, not on price: in-house plating, climate control, metrology, traceability, short runs and represses from archived metal.
    • +
+
+
+

Source: business plan A, sections 1, 3.1 to 3.3 and 9.1; revenue-model.md "First market data point" and "Record Industry's calculator"; roadmap.md item 1. THB at 33 per USD.

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CNX Vinyl · Investment proposal · Draft for discussion, October 2026
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+ + +
+
What we build
+

The complete vinyl chain under one roof, bought in one capital round

+
+
1
Mastering
Console and chain; one to two engineers
+
2
Lacquer cutting
Sillitoe SDMS cutting system
+
3
Galvanics
Pheenix Alpha line; zero liquid discharge
+
4
Stamper prep
Sibert back-finish, punch, coin
+
5
Pressing
Newbilt Duplex system and Classic
+
6
Finishing
Trim, sleeve, shrink; optical QC
+
7
Packaging
Ploy Printing, Chiang Mai
+
8
Fulfilment
Bulk to labels, parcels to fans
+
+
+
+
+
3 presses
One Newbilt Duplex system (two semi-automatic HRP 12, EX 50 main and EX 35 colour extruder) and one Newbilt Classic, fully automatic
+
0.58 to 0.90M
records a year on two shifts at 60 % specials, central 0.74M est.; 0.71 to 0.97M at a standard-heavy mix
+
60 %+
special pressings: splatter, marble, colour effects. They run only on the Duplex, which sets the pace
+
+
    +
  • Metal archive: the father and the mother of every side are kept, so a repress starts from our own metal: 2 to 3 weeks from an archived mother (planning figure).
    • +
  • Growth from revenue, not in either price: a second Duplex system lifts output to ~1.0 to 1.5M records a year; its floor, utility positions and pipe tees are reserved.
    • +
+
+
+
Isometric view of the press hall with the Duplex system, the Classic and reserved bays
+
Press hall, Plan A preset: Duplex system 1 and the Classic; dashed bays are reserved for growth. Schematic (fleet-calculator.html).
+
+
+

Source: business plan A, sections 1, 4.0 to 4.4 and 4.7; total-investment.md "Launch plant"; scale.md; production-timeline.md; equipment/pressing-line.md.

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CNX Vinyl · Investment proposal · Draft for discussion, October 2026
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How a record is made here
+

Nine stages, three artist approval gates, every record traceable

+
+
1
Audio intake
Checksums, format, technical QA
+
Gate 1
master plan
+
2
Vinyl mastering
Engineer QA of the vinyl master
+
Gate 2
master
+
3
Lathe cutting
Groove microscope, test cut, dead-wax scribe
+
+
4
Silvering, electro­forming
Bath logs, XRF thickness per part
+
+
5
Stamper prep
Concentricity, dimensions, visual
+
+
6
Pressing
Telemetry per cycle, 100 % optical, sampled audio
+
Gate 3
test pressing
+
7
Finishing
Trim quality, sleeving
+
+
8
Packaging
Matrix code scanned against the jacket barcode
+
+
9
Fulfilment
Carrier tracking per shipment
+
+
+
+
Traceability
A record's key is stamper + press + cycle timestamp + side. Logs are append-only; a complaint resolves to one stamper, press, shift and material lot.
+
One system of record
ERPNext holds orders, gates, job cards, stock, inspections and metal-part genealogy; machine data sits beside it, keyed to the same names.
+
Layered quality control
Inline optical inspection of every record, press telemetry every cycle, sampled audio comparison against the master; a lab gate for every PVC lot.
+
Metal and climate
XRF thickness per stamper serial from launch; the whole plant at 20 to 26 °C and 35 to 60 % RH, filtered for the burning season.
+
+
100 %
of records through inline optical inspection
+
3 gates
artist approvals recorded before work continues
+
~10 sets
of stampers per archived mother; 5 to 10 mothers per father (rules of thumb)
+
+
+
+
Record passport demo: the production history of one pressed copy
+
Record passport demo: what a fan sees from the code on the sleeve (IDs simulated, make-a-record.html).
+
+
+

Source: process-flow.md; traceability.md; quality-automation.md; digital-factory.md; business plan A, sections 4 and 5.1 to 5.3.

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CNX Vinyl · Investment proposal · Draft for discussion, October 2026
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+ + +
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The platform
+

Online ordering with itemised quotes, and fan-funded pressing

+
+
+
Order page, step 4: a 12 inch splatter record configured, with the estimated price and ship date
+
Step-by-step order page, step 4 with the "Splatter 12"" preset: the picture follows every option. Demo; prices and dates indicative, not an offer (order.html).
+
+
+
An itemised offer for every customer
Every line priced from one price list, per title and per copy, with audio and artwork checked at upload. ERPNext is the system of record: the order, the three gates and the invoice live there. Public early with indicative prices and an interest list, so every configuration is market data.
+
Fan-funded campaigns
Fans pre-order into a ring-fenced account and are refunded automatically if the goal is missed (the recommended model). Minimum run 100 copies, a planning figure. Campaigns open only after the first releases ship.
+
+
Investor demo: the fan funding step with fan price, fans needed and break-even
+
Investor demo, fan-funding step (make-a-record.html). The platform's name is not decided.
+
+
+
+

Source: artist-platform.md; business plan A, sections 4.8 and 5.1; digital-factory.md "ERPNext: the plant's ERP". Public side ~USD 40k to 90k est., inside the software block.

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CNX Vinyl · Investment proposal · Draft for discussion, October 2026
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+ + +
+
Site and building
+

A ~1,500 m² plant on leased land, utilities built for four modules

+
+
+
Isometric ground floor with the roofs cut away, labelled zones from galvanics to warehouse
+
Ground floor with the roofs cut away, Plan A preset: galvanics, stamper prep, PVC lab, press hall, inspection, packaging and warehouse; the office with the cutting room. Schematic of the calculator's Payap scenario layout on a placeholder plot.
+
+
+
Site
Long lease, working candidate in Lamphun (Mueang Chi), Chiang Mai options under review; Northern Region Industrial Estate as fallback. Nothing signed.
+
Land
~4 rai minimum, 6 to 8 rai with expansion. Leasing keeps ~12M to 32M THB of land purchase out of the round; rent ~0.3M to 1.0M THB a year est.
+
Building
Steel portal frame, 60 × 25 m (1,500 m²), crane-ready; 30 kN/m² slab raised 1.2 m for dock-height loading; insulated, airtight envelope.
+
Utility yard
~379 m²: boiler hall and chiller compound for four modules each. Launch: two 500 kg/h biomass boilers, two 250 kW chillers.
+
Roof
~520 kWp PV on the factory roof est.; the office roof and the canopies built PV-ready.
+
Growth
Duplex bays and utility positions reserved; a 45 × 38 m (1,710 m²) second building fits the Mueang Chi plot.
+
+
+

Source: business plan A, sections 6.1 and 6.2; site-candidates.md; scale.md; render: fleet-calculator.html, Plan A preset. The 60 × 25 m hall is the Mueang Chi design; the layout is fixed once a plot passes zoning and lease-ability.

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CNX Vinyl · Investment proposal · Draft for discussion, October 2026
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+ + +
+
Sustainability, utilities and the region
+

Biomass steam, factory-roof solar and zero liquid discharge, in Northern Thailand

+
+
+

Steam from biomass

+ +

Two 500 kg/h modules on wood chips: ~0.67M THB of fuel a year against ~4.9M THB for electric steam, saving ~4.2M THB est. Grid demand ~264 kW instead of ~980 kW.

+

Heat recovered first: flue-gas economiser, condensate return, a heat pump lifting the presses' ~60 °C cooling return into feedwater.

+
+
+

Solar on the factory roof

+
~520 kWp
+ +

~730 to 780 MWh a year, ~87 % used on site: ~633 MWh, ~61 % of the plant's ~1,036 MWh est. Zero export on PEA's grid.

+

Plan A: through a solar PPA, ~1.9M THB a year power price est. Plan B: owned, with the 271 kWh battery.

+
+
+

Water and material

+
Zero
process water discharged
+

Closed cooling loop. Galvanics rinse water goes through a zero-discharge evaporator with metal recovery, in its own treatment building.

+

80 % virgin, 20 % regrind: edge trim and rejects are ground in-house and go back to the extruder.

+
+
+

Northern Thailand

+
~15 to 25
jobs across shifts at volume est.
+

Skilled roles in galvanics, cutting, QC and IT; Payap University programmes as a training pipeline (under discussion).

+

Chiang Mai, Lamphun and Lampang: the Northern Economic Corridor, promoted by BOI as a creative-economy base. Packaging from Chiang Mai.

+
+
+

Biomass brings fuel contracts, a monsoon stock, ash handling, a 14 m stack with a dust collector and a certified boiler attendant; the stack is a visible point source in Chiang Mai's burning season, so dust control is drawn from the start.

+

Source: business plan A, sections 1, 5.4, 8.4 and 12.1; biomass.md; sustainability.md "PV size with biomass steam"; boi.md "Regional angle"; scale.md. Fuel at ~850k records, planning price 1.35 to 2 THB/kg delivered.

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CNX Vinyl · Investment proposal · Draft for discussion, October 2026
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+ + +
+
Investment
+

Plan A ~182M THB, Plan B ~217M THB: the same plant, six levers apart

+
+
+
Plan APlan BBars: block midpoint, M THB. Lines: low to high end est.
+ +
+
+
+
Plan A
~182M THB
167.1M plus the 10M to 20M ramp-up reserve; ~132M to 233M low to high. Labelled ~180M: ~2M above it at the midpoint.
+
Plan B
~217M THB
201.6M plus the same reserve; ~156M to 277M low to high. Labelled ~215M.
+
+

Plan A's six levers, saving at the midpoint

+ + + + + + + + + +
LeverM THB
1 · Solar and battery through a solar PPA~14.7
2 · Metrology launch tier; confocal, profiler from revenue~8.8
3 · Visitor corridor built later~3.6
4 · Cassette and CD-R duplication later~4.0
5 · Crane rented for the installations~3.2
6 · Compressor through the Chinese route~0.25
Plan B buys all six at launch~34.5
+

No contingency in either price (at 15 %: ~25M THB on A, ~30M on B). Not in the price: the central hydraulic plant, archive shelving, CD replication, financing costs, currency moves, duty and import VAT (BOI assumed).

+
+
+

Source: business plans A and B, sections 8.1 and 8.2; total-investment.md "Launch plant" and "Two plans". Block groups and their midpoints are arithmetic on the block ranges. A Chinese biomass boiler quote ~2M THB below the Thai package would bring Plan A to 180M.

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CNX Vinyl · Investment proposal · Draft for discussion, October 2026
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+
Operating picture, mature year
+

The central case works; the adverse case loses money

+
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RevenueEBITDA, both plansOperating profit AOperating profit B
+ +
+
+ + + + + + + + + + + + +
USD a yearAdverseCentralFavourable
Records0.58M0.74M0.90M
Price per record3.764.495.27
Direct cost per record2.702.001.35
Revenue2.28M3.65M5.41M
Revenue, THB~75M~120M~179M
EBITDA0.23M1.73M3.79M
Operating profit A-0.41M1.33M3.54M
Operating profit B-0.55M1.24M3.50M
Payback A, plan price~31 yr~3.2 yr~1.1 yr
Payback B, plan price~37 yr~3.8 yr~1.2 yr
+
+

Read the adverse column as the honest one. A central EBITDA margin of ~47 % is far above the 15 to 25 % pressing plants earn: the direct cost leaves out indirect labour, freight, scrap above the reject allowance, sales commissions and the extra cost of specials.

+
+
+
+

Source: revenue-model.md "Operating pictures of Plan A and Plan B (October 2026)"; business plans A and B, section 9.4. Estimates, mature year at 60 % specials; payback is EBITDA on the plan price including the reserve. Break-even on operating profit ~0.2M records (A), ~0.24M (B); the adverse case needs ~1.0M (A) or ~1.1M (B) records to cover depreciation.

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CNX Vinyl · Investment proposal · Draft for discussion, October 2026
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+ + +
+
Cash and returns
+

Ten years of cash: back to zero in year ~3.8 (Plan A) and ~4.2 (Plan B)

+
+
+
Plan A, cumulative cashPlan B, cumulative cashM USD, year 0 to 10
+ +
+
+ + + + + + + + +
Calculator presetsPlan APlan B
Cash paybackyear ~3.8year ~4.2
IRR, ten years~26 %~22 %
NPV at 10 %~5.4M USD~4.7M USD
Year 0: investment and reserve5.52M USD6.56M USD
Mature-year EBITDA2.17M USD2.23M USD
Simple payback: plan price before the reserve / mature EBITDA2.3 yr2.7 yr
+

Basis: 850k records at 60 % specials at the team's planning rate (3 records a minute per Duplex system), the calculator's own cost build-up with biomass fuel, the cutting engineer and, in Plan A, the PPA power price. Ramp 35, 70 and 90 % in years 1 to 3. Pre-tax, pre-financing, no BOI tax holiday, no terminal value: a sketch, not a forecast.

+

In the revenue model's adverse case, EBITDA pays the plan price back in ~31 years (A) and ~37 years (B). A year-by-year cash model for the ramp is a phase 0 output.

+
+
+

Source: business plans A and B, section 9.4 and figure 12; fleet-calculator.html, presets planA and planB, cash view (values read from the page, October 2026); revenue-model.md. Estimates.

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CNX Vinyl · Investment proposal · Draft for discussion, October 2026
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+ + +
+
BOI promotion and financing
+

Duty-free machinery under BOI, debt-to-equity no higher than 3:1

+
+
+
Category
Basic plastic consumer-goods manufacturing (Category 6), incentive Group B: no tax holiday on the core activity. Sub-code to confirm with a BOI-registered consultant.
To confirm
+
Privileges
Machinery import duty exemption, with import VAT; 100 % foreign ownership; visas and work permits through the One Stop Service; raw-material duty relief for export production.
Group B core
+
Upgrades
Smart and Sustainable Industry (15/2565, refreshed July 2025): typically 3 years of CIT exemption, capped around 50 % of the upgrade spend; R&D merit at 1 % of revenue adds 1 to 3 years.
To structure
+
Solar
No longer promoted since 1 July 2025 (Announcement 3/2568). Only battery storage may still qualify, capped at 12M THB per MW.
Solar dropped
+
Conditions
Debt-to-equity no higher than 3:1 for the life of the privileges; minimum 1M THB excluding land and working capital; modern machinery; progress and annual reports; machinery imported within ~30 months, full operation by ~36 months.
Binding
+
Process
e-Investment filing and analyst meeting; ~40 working days to a decision under 200M THB, 60 to 90 above; 4 to 6 months in practice. No machinery order before the certificate.
Phase 0
+
+
+

Funding need, reserve in, no contingency

+
+
~182M THB
Plan A, ~5.52M USD. Equity at 3:1: at least a quarter, ~46M THB
+
~217M THB
Plan B, ~6.56M USD. Equity at 3:1: at least a quarter, ~54M THB
+
+
+
Collateral
The machinery and equipment. The building only if the lease grants its ownership and the right to mortgage it, a lease condition. No land collateral: the site is a long lease of raw land.
+
Equity
The lead investor; Ploy Printing as intended strategic co-investor (terms not yet discussed); the founders.
+
Use of funds
Plan A at the midpoint: equipment (presses, metal path, metrology, lab) ~76M THB, utilities ~35M, building and site ~33M, software, freight, working capital and phase 0 ~23M (block midpoints est.), plus the reserve; released in tranches (slide 15).
+
Without BOI
~5 % duty on ~2.3M USD of imported machinery (~0.11M USD) and ~0.17M USD of import VAT up front est.
+
+

Financing structure to be agreed. No loan terms, interest rate or debt-service figures are on file.

+
+
+

Source: boi.md; business plan A, sections 6.1, 7.1, 8.4 and 12.2; business plan B, section 1 ("The ask"); total-investment.md "Launch plant". Equity floors and use-of-funds groups are arithmetic on the plan's figures, before financing costs.

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CNX Vinyl · Investment proposal · Draft for discussion, October 2026
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+
Schedule
+

First paying release: Q4 2028 to mid-2029, and still open

+
+ +
+
+

Commissioning sequence

+
    +
  1. Cutting room and galvanics, with the Sibert line: the presses need their stampers.
    2. +
  2. Newbilt Duplex system, with boilers B-1 and B-2 and chillers CH-1 and CH-2.
    3. +
  3. Newbilt Classic, once the metal path and the press process are stable.
    4. +
+
+
+

Long-lead orders, after the certificate

+

Pheenix galvanics line, Sillitoe lathe, Sibert line, Newbilt Duplex system and Classic, two biomass boiler modules, the first two chiller modules. Press build 9 to 12 months, assumed; the other build times are not quoted.

+
+
+

What moves the date

+

The BOI filing date and the vendor build times: a 15 to 18 month press build moves launch to mid-2029. Ordering with a deposit before the certificate, if BOI allows it, could bring launch 6 to 9 months earlier.

+
+
+
+

Source: project-timeline.md, calendar anchored August 2026 (nothing in phase 0 has started, so it shifts day for day; not yet redrawn for the launch plant); business plan A, sections 10 and 11.1; roadmap.md phases 0 to 4.

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CNX Vinyl · Investment proposal · Draft for discussion, October 2026
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+
Risks and mitigations
+

The risks we carry, and what retires each one

+
+ + + + + + + + + + + + +
SeverityRiskMitigation and status
HighPricing power is unproven: market validation (roadmap item 1) is open, with no buyer prices yetValidation gate with regional labels; the platform's calculator as an interest list; no large spending before it clears
HighUtilisation and price: the adverse case loses money; the extra cost of specials is not yet in the direct costTreat the adverse column as the honest one; specials gain an upper bound until compound quotes; second Duplex waits for demand
HighNo contingency in the price: at 15 %, ~25M THB on A and ~30M on BQuotes before commitment; release in tranches; how overruns are funded agreed up front
HighGalvanics and cutting on the critical path, galvanics the hardest skill to hire. Sibert advised getting presses, boilers, operators and feedback loops right firstAdvice carried as a risk: commission the metal path first and measure it; hire early, train at the vendors; Stamper Discs and SST as overflow contacts
HighPrices not on file: the Newbilt Classic (placeholder band) and the Pheenix line (OMS reference + 20 %, no Pheenix quote)Newbilt re-quote and Pheenix quote in phase 0; OMS's offer as the galvanics benchmark
HighVendor build times unknown: the press build carries ~40 % of the scheduleBuild time and order-book position required in every re-quote
HighZoning unverified: the Payap point failed, Mueang Chi is uncheckedVerify on the land-use map and with counsel before the BOI filing; industrial estate as fallback
MediumLease terms and building ownership: a weak lease makes the building hard to financeRegistered 30 to 50 year lease with renewal, building ownership and assignment rights; Thai counsel in phase 0
MediumGalvanics effluent and biomass emissions in the first factory licenceZero-discharge design and treatment building from the start; dust collector and 14 m stack drawn; fuel contracts
MediumCurrency: EUR on Newbilt and Pheenix, USD on Sibert and Sillitoe, costs in THBCurrency and validity in every quote; THB pricing regionally; hedging decided with the investor
+
+

Source: business plan A, sections 11.2 and 13 (severities as the plan states them); revenue-model.md "Honest caveats"; roadmap.md item 1; site-candidates.md.

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CNX Vinyl · Investment proposal · Draft for discussion, October 2026
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+ + +
+
Team, partners and vendors
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A small founding team, specialist vendors and a local packaging partner

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Team

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Simona Meesaiyati
Project Lead
Management and the audio side.
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Alexander Grabowski
Technical Consultant
The technical side: equipment and vendors, utilities, the building model, the traceability and QC specification, the factory software.
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buildfor.life
Consulting
Supports the project in a consulting capacity.
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To hire at launch: a galvanics process engineer and a cutting engineer (critical path), a plant manager, two shifts of operators, QC, maintenance, sales. About 20 people at the start est.
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Partners

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Ploy Printing
Chiang Mai · packaging
Jackets, sleeves and inserts; intends to co-invest alongside the lead investor, terms not yet discussed. Supply priced at arm's length, Ploy abstaining on its own contract.
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Payap University
Chiang Mai · under discussion
Joint student programmes in mastering, lathe cutting, IT and business. Nothing agreed yet.
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Advisers, phase 0
To engage
A BOI-registered consultant; Thai counsel for the lease, the company and the shareholder agreement.
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Vendors

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VendorSuppliesOn file
Newbilt
Germany		Duplex system and Classic presses2024 quote EUR 200,500 for the Single 2.1, expired; Classic not priced
Pheenix Alpha
Sweden		Galvanics: PASU, PPPU, PDPU, PMPBNo quote; priced at OMS's reference + 20 %
Sibert
UK		Stamper prep: VSF, VSP, VSCUSD 250k budget confirmed, October 2026
Sillitoe
Australia		SDMS cutting systemList price USD 125k
Ploy Printing
Chiang Mai		Print and packagingPartner
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Making Vinyl Europe, Haarlem, 30 September to 2 October 2026: strong interest in full traceability; Pheenix offered references and a factory visit, OMS sent galvanics reference prices, SST Frankfurt offered help. Supplier-side evidence.

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Source: README "Team"; business plan A, sections 1, 12.1 and 12.2; equipment/pressing-line.md; equipment/galvanics.md; suppliers/vendor-landscape.md.

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CNX Vinyl · Investment proposal · Draft for discussion, October 2026
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The ask and next steps
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Approve phase 0 now; commit in tranches once the gates clear

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Now: phase 0

1.3M to 2.6M THB

~USD 40k to 80k over 3 to 6 months, part of the plan price

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BOI consultant, Thai counsel for the lease and zoning, a soil boring test, and the quotes that settle most of the investment band. Then, on the gates clearing, a commitment in principle to one plan, released in tranches.

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Tranches, share of the investment before the reserve est.

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#TriggerCoversShareA, M THBB, M THB
0NowPhase 0 work1 to 2 %1.3 to 2.61.3 to 2.6
1BOI certificate, lease, zoning, soil, pricing validatedDeposits on every long-lead order20 to 30 %~33 to 50~40 to 60
2Building permit; build dates in writingConstruction, utilities, balance payments35 to 45 %~58 to 75~71 to 91
3Building watertight; first machinery shippedFit-out, clean zones, ZLD, metrology, software15 to 20 %~25 to 33~30 to 40
4Metal path commissioned; first stampersWorking capital; the reserve from here on8 to 12 %~13 to 20~16 to 24
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The quotes that firm the numbers

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  • Newbilt re-quote: Duplex with the EX 35, the Classic, build time
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  • Pheenix galvanics quote, against OMS's reference
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  • Sillitoe quote and build time; Sibert's itemised quotation
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  • Building RFQ to two or three Thai contractors, with the soil test
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  • Metrology quotes; solar PPA offers next to a purchase quote
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  • Biomass boilers from Getabec and Chinese makers; fuel offers
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Decisions for the investor

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  • Plan A or Plan B; the equity and debt mix within 3:1
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  • How quotes landing above the plan price are funded
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  • CD replication, yes or no, before the BOI filing; hedging of the EUR orders
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Phase 0 unlocks
The BOI filing, the lease heads of terms and the zoning answer, and quotes in place of the estimated blocks: the next version of the plan.
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The round unlocks
Every long-lead order and the build, commissioned in sequence: metal path, Duplex, Classic. First paying release Q4 2028 to mid-2029, open.
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Revenue then funds
The second Duplex system (~15.4M THB at the midpoint est.), metrology, corridor, cassette and CD-R where Plan A defers them.
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Source: business plans A and B, sections 8.3, 14.1 and 14.2; roadmap.md phases 0 to 2. Gates before any order: market validation, the BOI certificate, and land (zoning, lease terms, soil).

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CNX Vinyl · Investment proposal · Draft for discussion, October 2026
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+ + + + + + diff --git a/site/build.sh b/site/build.sh index def9686..bca4c9e 100644 --- a/site/build.sh +++ b/site/build.sh @@ -32,6 +32,17 @@ for entry in "${DEMOS[@]}"; do cp "$src" "$out/$dst" done +# " ": multi-file +# pages (a page with its images and downloads), copied whole +DIRS=( + "docs/pitch pitch" +) +for entry in "${DIRS[@]}"; do + read -r src dst <<<"$entry" + mkdir -p "$out/$dst" + cp -R "$src/." "$out/$dst/" +done + # The deploy job reads this back from the server to confirm what is live. git rev-parse HEAD >"$out/version.txt" 2>/dev/null || echo unknown >"$out/version.txt" diff --git a/site/public/index.html b/site/public/index.html index 22197aa..3c34213 100644 --- a/site/public/index.html +++ b/site/public/index.html @@ -67,6 +67,21 @@ document.documentElement.setAttribute("data-theme",t);})(); indexed. Figures in the demos are planning estimates.

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Investor deck

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Demos