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
With the current project, Minet S.A. aimed to increase the capacity for production of nonwovens for automotive and furniture industry that now cannot be produced with available equipment in order to cover increasing demand from clients.
Moreover, the company identified the necessity to adapt and improve its products in order to respond to clients'' needs, by using waste as raw materials. This ensured advanced technical parameters for nonwovens and in the same time contributed to reduction of foam and textiles wastes and CO2, increasing environment protection 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.
- 51% estimated total turnover growth due to the project at the end of 2024 compared to baseline year 2019:
Regarding the indicator of 51% estimated total turnover growth due to the project at the end of 2024 compared to the baseline year 2019, the company underlined the fact that the project is projected to generate a 10% estimated total turnover growth during the analyzed period, which includes both the implementation and operation phases.
- 6% estimated total net operational profit (EBIT) growth due to the project at the end of 2023 compared to baseline year 2019
As of the current status, the indicator reflects the following: In the first 6 months of the year 2023, the total net operational profit (EBIT )of 609,916 euro, and it is estimated to reach a value of 1,000,000 euro by the end of the year. From this value, 30,000 eurorepresents the net operational profit (EBIT)generated by the project.
- 2 new jobs created
The indicator regarding the creation of 2 new jobs has been fully achieved, with both positions being recorded in the HR records as dedicated to the project. Additionally, 2 new hires have been made for the role of manual packagers, resulting in a total of 4 new jobs being generated.
- 80% of the total materials needed for producing the projected turnover numbers will be textile and plastic waste
MINET SA already has suppliers of textile and plastic waste in its portfolio,therefore with existing strong commercial connections, there will be no disruptions in the supply chain of raw materials.
- 5780,8 tonnes CO2- estimated total decrease of CO2 Emissions for full operation period – 2023 – 2026 (1207,8 to CO2 in 2023)
During the period from June to the present, the company has acquired and recycled a total of 53.67 tons of textile waste. In June, the company purchased 40.33 tons of textile waste, and in July, an additional 13.34 tons were collected and recycled. This means a total of 23.88 tons decrease of CO2 Emissions.
- 4320 tonnes - estimated total collection of waste from production and operational processes for re-use or recycling for full operation period – 2023 – 2026 (880 to in 2023)
During the period from June to the present, the company has acquired and recycled a total of 53.67 tons of textile waste. In June, the company purchased 40.33 tons of textile waste, and in July, an additional 13.34 tons were collected and recycled.