These articles are intended for use of the Delphi 2005 IDE
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This article takes you through the process of creating a new component package.

http://delphi.about.com/od/vclusing/...mponentbpl.htm

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This article documents well on how to install a component (also reffered to as VCL).

http://delphi.about.com/od/vclusing/...llbpld2005.htm