# Project Timeline: Today to First Paying Release A calendar against the dependency-ordered phases in [roadmap.md](roadmap.md). That page deliberately carries no dates — "the clock starts when the first-phase items move", and it is right to, because nothing in Phase 0 has moved yet. This page is the other half of that: what the calendar looks like **if** Phase 0 starts now, so the consequences of delay are visible and the critical path is explicit. Anchored at **August 2026**. Every duration is an estimate; the ones that are not in this repo at all are flagged as such, and one of them governs the whole schedule. ## The answer **First paying release lands around Q4 2028 to mid-2029 — roughly 27 to 33 months from today**, on the buy-and-build path. The top of that range is the honest planning figure while the press build time is unquoted; the Gantt below draws the optimistic end. The critical path is not construction. Whether it is **money** is outside this page's scope, and that gap should be stated plainly: no financing is committed and none is modelled anywhere in this repo, which prices 1.7–2.9M USD for the launch phase and 4.7–8.9M for the full vision without saying where any of it comes from. This calendar assumes capital is available when each block is ordered. The critical path it does model is: > **BOI certificate → press order → press build → sea freight → > commissioning** Everything else, including the entire building, has float against that chain. Which means the two things that actually move the date are the BOI filing date and the press vendor's build time, and **the second one is not documented anywhere in this repo.** ## Gantt ```mermaid gantt title CNX Vinyl - Phase 1 to first paying release dateFormat YYYY-MM-DD axisFormat %b %y section Gates (Phase 0) Market validation / Making Vinyl :a1, 2026-08-01, 120d BOI consultant engaged :a2, 2026-08-01, 60d BOI application prepared :a3, after a2, 75d 60 rai title check :a4, 2026-08-01, 90d section BOI Application filed :milestone, m1, 2026-12-15, 0d BOI review and analyst meeting :b1, 2026-12-15, 150d Promotion certificate :milestone, m2, 2027-05-15, 0d Company incorporation :b2, after m2, 30d section Land and building Zoning and title verification :c1, 2026-09-01, 90d Soil boring test :c2, after c1, 30d Land purchase or lease :c3, after c2, 60d Design and building permit :c4, 2027-03-01, 120d Phase 1 construction :c5, 2027-07-01, 240d Utilities, solar, fit-out :c6, 2028-03-01, 120d Ror.Ngor.4 factory licence :c7, 2028-01-01, 150d section Equipment (critical path) Newbilt re-quote incl. lead time :d1, 2026-08-01, 90d Press order signed :milestone, m3, 2027-06-15, 0d Press build at vendor :d2, 2027-06-15, 300d Sea freight Alsdorf to Thailand :d3, after d2, 50d Install and commission :d4, 2028-07-01, 75d section Launch Hire and train launch team :e1, 2028-05-01, 120d First test pressings :e2, 2028-09-15, 45d First paying release :milestone, m4, 2028-11-15, 0d ``` ## The critical path, step by step | # | Step | Duration | Source | |---|---|---|---| | 1 | Engage BOI consultant, prepare application | 4–5 months | Estimate; the application must stack solar, automation and R&D measures ([boi.md](boi.md)) | | 2 | BOI review to certificate | 4–6 months | [boi.md](boi.md): ~40 working days decision, 4–6 months in practice | | 3 | Company incorporation under the certificate | 1–2 months | [roadmap.md](roadmap.md) item 10 | | 4 | Press order to vendor-ready | **9–12 months** | **Not in this repo — assumed.** See below | | 5 | Sea freight Germany → Thailand | 6–8 weeks | Newbilt quote includes freight and seaworthy packaging | | 6 | Install, commission, train | 2–3 months | Newbilt includes 5 days; the rest at ~USD 97/h plus travel | | 7 | Test pressings, QC baseline, reject shakedown | 1.5–2 months | [roadmap.md](roadmap.md) item 19 | | | **Total** | **~27–33 months** | | ### The one number that governs everything **Nobody has written down how long Newbilt takes to build a Single 2.1 system.** It is not in the 2024 budgetary offer summary, not in the site requirements, not in `equipment-suppliers.md`, and not in `pressing-line.md`. The 9–12 months above is an industry-typical figure for a built-to-order press system from a small German manufacturer, and it is carrying about **40% of the entire schedule**. If the real figure is 15–18 months — entirely plausible for a shop of Newbilt's size with a full order book — first production moves to mid-2029 and the whole plan shifts by six months, or nine at the widest corner. **Action, and it is free:** [roadmap.md](roadmap.md) item 4 already calls for a Newbilt re-quote, since the 2024 offer has expired. Add **quoted build time and current order-book position** as required fields in that re-quote, and ask Pheenix Alpha the same in item 5. This is one line in an email that is being sent anyway, and it is the single highest-value piece of missing information in the project. ### The lever worth checking first The sequencing rule in [boi.md](boi.md) is stated as: BOI approval comes before "any machinery purchase orders", because duty exemption is not retroactive and the certificate defines the import window. That serialises ~9 months of press build **behind** ~10 months of BOI process, and it is where most of the 27 months comes from. But the duty exemption attaches at **importation**, not at contract signature. If an order can be placed — even with a deposit, while the BOI application is in review, so long as the machinery *clears customs* after the certificate is issued and appears on the approved machinery list, then steps 2 and 4 overlap and **the launch pulls forward by six to nine months**. This is not a claim, it is a question, and it is the first question to put to the BOI consultant in [roadmap.md](roadmap.md) item 2: > Can we sign a machinery supply contract and pay a deposit before the > promotion certificate is issued, provided importation and customs > clearance occur after issuance and the item is on the approved > machinery list? What is the risk to the exemption if the certificate > is delayed or refused after the contract is signed? Nothing else on this page is worth six months. This is. ## What has float, and how much | Track | Needed by | Float | Becomes critical if | |---|---|---|---| | Land purchase | Design start, ~Q1 2027 | ~4 months | Zoning fails and a new site is needed (~6 months reset) | | Phase 1 construction | Machinery arrival, ~Q3 2028 | ~3–5 months | Soft-paddy soil forces piling, or permits stall | | Ror.Ngor.4 factory licence | First production, Q4 2028 | ~4 months | Galvanics effluent permitting is raised early, but galvanics is Phase 5, so keep it out of the Phase 1 licence scope | | Solar and BESS | Fit-out, ~Q2 2028 | large | Gobel lead time is documented at 50–60 days; not a risk | | Hiring and training | Commissioning, ~Q3 2028 | ~2 months | Galvanics process expertise — "the hardest skill to hire" per `equipment-suppliers.md`, but again, Phase 5 | Construction has the thinnest float of anything with a real duration, and it is thin for a reason: it cannot start until the land is bought, which cannot happen until zoning is verified, which has not started. **Zoning verification is the cheapest schedule insurance available** and it currently sits unowned — `scale.md` flags it as "still unverified" and gates "phase 1 every bit as much as phase 2". ## The BOI windows are not a risk here Worth confirming explicitly, because they are hard deadlines with penalties: | Window | Deadline on this schedule | Actual need | Margin | |---|---|---|---| | Machinery import, 30 months from certificate | ~Q4 2029 | Machinery clears customs ~Q3 2028 | **~15 months** | | Full operation, ~36 months from certificate | ~Q2 2030 | First production ~Q4 2028 | **~18 months** | Comfortable, but only on the buy-and-build path as drawn. The margin is consumed by exactly one scenario: filing BOI early to start the clock, then discovering the site does not work. Which is another argument for verifying zoning **before** filing, not after. ## The lease-versus-build fork [total-investment.md](finance/total-investment.md) states the phased entry as "**leased building** instead of purchase", saving 1.0–2.1M USD of upfront capital. Recent work has gone the other way: a full parametric building model and a [construction RFQ](finance/phase1-construction-rfq.md) for a purpose-built 60 × 25 m facility on a purchased Mueang Chi parcel. Both are legitimate. They are not both costed, and the difference is not only money: | | Lease | Buy and build | |---|---|---| | Upfront capital | ~0 | 1.0–2.1M USD (34–69M THB) | | On the critical path? | No | Yes, with ~3–5 months float | | Earliest first production | ~Q4 2028, same as build | ~Q4 2028–mid 2029 | | Slab rating, 3 t/m² | Must be verified in an existing building; most Thai light-industrial stock will not have it | Specified from the start | | 500–1,000 kVA supply | Existing connection, or a PEA upgrade with its own lead time | Designed in | | BOI land ownership privilege | Unused | Used | | Galvanics effluent, Phase 5 | Landlord's permission needed, and may not be given | Ours to permit | Leasing frees a seven-figure sum but, on this page's own critical path, **cannot pull the launch forward on its own** — the press chain governs, and construction has only 3–5 months of float against it. Removing an item that is not on the critical path does not move the end date. Leasing only advances the launch if the **press order** also moves forward, which is the BOI question above; the two are one lever, not two. The cost is a building that probably compromises on the two hardest requirements (floor loading and power) and may block the Phase 5 galvanics line entirely. Locating in the Northern Region Industrial Estate, which [boi.md](boi.md) already favours for its shared central effluent treatment, is the version of leasing that keeps the galvanics option alive. **This is an unresolved fork, not a decision I can make.** It is worth resolving before more design effort goes into the parametric model, because the model is only useful on one side of it. A further lease option arrived in October 2026: Payap University offers land in Chiang Mai next to a pharmaceutical facility under construction ([site candidates](site-candidates.md)). Its zoning is as unverified as Mueang Chi's, so it adds a candidate without moving the critical path. ## The investor's CD and cassette request Adding CD and cassette to the plant has been raised by the main investor. Its effect on **this** schedule depends entirely on which of three very different things is meant, and the range is enormous: | Option | Capex order | Space | Effect on this timeline | |---|---|---|---| | Cassette duplication | Tens of thousands USD | ~40–80 m² | **None.** Short lead times, fits inside the building programme, can be added during fit-out or later | | CD-R duplication, short run | Low tens of thousands | ~20–40 m² | **None** | | **CD replication** (glass mastering, injection moulding, metallising) | **Millions USD** | ~300–600 m² plus clean room | **Substantial** — new BOI activity codes, a larger building, and a second commissioning programme | The first two are schedule-neutral and can be decided late. The third is a different project bolted onto this one and would need to be in the BOI application from the start, since activity codes cannot be added casually afterwards. Because the answer changes by three orders of magnitude, this page assumes the vinyl-only critical path until the scope is settled. The substance of that decision is not a timeline question and is discussed separately. ## What this page is not It is not a plan of record. No Phase 0 item has started, so the whole calendar shifts day for day with the BOI consultant engagement. It is a tool for seeing which delays cost time and which do not: - **A month lost engaging the BOI consultant costs a month of launch.** - A month lost on land or construction costs nothing, until the float is gone. - A month lost getting the press lead time in writing costs nothing today and may cost six months of surprise later.