More information
Description
The main objective of the project is to increase the capacity for production of nonwovens for automotive and furniture industry that now cannot be produced with the available equipment in order to cover the increasing demand from clients.
In addition to that, Minet needs to adapt and improve its products in order to use waste as raw materials. This will ensure advanced technical parameters for nonwovens and simultaneously contribute towards a reduction of foam and textiles waste and CO2. The technical solution consists of installing one single production line which will be composed out of three different types of equipment. On this production line, two new products will be manufactures: nonwovens felt, and nonwovens felt foam. Key activities include:
- Investments in new equipment.
- Financial audit by external consultant.
- Project management by internal team.
- Publicity to ensure the visibility of the project.
The expected outcomes of the project include 80% of the total materials needed for producing the projected turnover numbers will be textile and plastic waste and estimated total decrease of CO2 emissions by 5.780,8 tonnes. The project is expected to generate two new jobs.
The project has an important positive impact on the environment directly, by using recycled waste materials and indirectly by decreasing the level of emissions in the atmosphere and reducing the quantity of waste which is currently incinerated. Furthermore, the project will significantly improve the society’s life quality in the area through the improvement of air quality and additional elimination of waste.
Summary of project results
The project aimed to address several key issues and challenges faced by Minet S.A.
Firstly, the project sought to increase the capacity for production of nonwovens for the automotive and furniture industries. The existing equipment was insufficient to meet the growing demand from clients, and the project aimed to bridge this gap by enhancing production capabilities.
Secondly, the company identified the necessity to adapt and improve its products to better respond to clients'' needs. This involved using waste as raw materials, which not only ensured advanced technical parameters for nonwovens but also contributed to environmental protection. By utilizing waste, the project aimed to reduce foam and textile waste and lower CO2 emissions, thereby promoting sustainability in the area.
The investment consisted in one single production line which is composed out of three different types of equipment: Airlay Plant (for mixing of fibers and forming the fibrous layer), Oven Plant (for consolidation of the fibres through melting) and one Packing Machine (for rolling the final product and packaging for delivery). On this production line two new products will be manufactured: nonwovens felt and nonwovens felt-foam.
The project achieved several notable results, benefiting both the company and the environment. Here are the key outcomes and their impacts:
Turnover Growth: The project is projected to generate a 51% estimated total turnover growth by the end of 2024 compared to the baseline year 2019. During the analyzed period, which includes both the implementation and operation phases, the project is expected to contribute to a 10% estimated total turnover growth.
Net Operational Profit (EBIT) Growth: By the end of 2023, the project is estimated to achieve a 6% growth in total net operational profit (EBIT) compared to 2019. In the first six months of 2023, the total net operational profit was 609,916 euros, and it is estimated to reach 1,000,000 euros by the end of the year. Of this amount, 30,000 euros represents the net operational profit generated by the project.
Job Creation: The project successfully created 2 new jobs, which have been recorded in the HR records as dedicated to the project. Additionally, 2 new hires were made for the role of manual packagers, resulting in a total of 4 new jobs being generated.
Use of Recycled Materials: The project aims to use 80% of the total materials needed for producing the projected turnover numbers from textile and plastic waste. MINET SA already has suppliers of these materials in its portfolio, ensuring no disruptions in the supply chain.
Reduction of CO2 Emissions: The project is estimated to decrease CO2 emissions by 5780.8 tonnes during the full operation period from 2023 to 2026, with a reduction of 1207.8 tonnes in 2023 alone. From June to the present, the company has acquired and recycled a total of 53.67 tons of textile waste, resulting in a 23.88-ton decrease in CO2 emissions.
Waste Collection and Recycling: The project is estimated to collect and recycle 4320 tonnes of waste from production and operational processes during the full operation period from 2023 to 2026, with 880 tonnes collected in 2023. From June to the present, the company has acquired and recycled a total of 53.67 tons of textile waste.
These outcomes have primarily benefited the company by increasing turnover and profit, creating new jobs, and ensuring a sustainable supply chain. Additionally, the project has had a positive environmental impact by reducing CO2 emissions and promoting the recycling of textile and plastic waste.