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Description
The objective of the project is to improve the company''s competitiveness on the regional market by increasing the production volume of roll labels while reducing the amount of paper waste generated. A second objective is to increase the number of jobs taking into account the employment of two people, thus benefiting the local community.
The strengthening of the company''s position on the internal market will occur by purchasing more advanced equipment that will increase its production capacity and increase the quality of products, as well as increase the degree of product innovation. The increasing volume of orders and the loading of the equipment currently owned by the company leads to the need to increase the number of existing equipment.
The new equipment will significantly decrease the time needed for printing and will also reduce the annual ink usage. Reducing the production time will reduce the delivery time of orders to the customer by 24-48 hours until the end of implementation of the project,. The key activities include:
- Project management with support from external consultant.
- Recruitment and personnel employment.
- Information and publicity.
- External financial audit.
- Investment activity related to the new equipment.
Expected outcomes of the project include a 4.518 tonnes yearly reduction of CO2 emission and a reduction of at least 28,8 tonnes of paper during the 5 years of sustainability.
Summary of project results
The project''s goal was to increase roll label manufacturing volume while decreasing paper waste generation in order to increase the company''s competitiveness on the local market. A second goal was to increase the number of jobs that employ two people, which will help the neighborhood.
By investing in more sophisticated equipment, the firm has been able to expand production capacity, product quality, and the degree of product innovation, increasing its position on the domestic market and the quality of the finihed products. The need to expand the amount of existing equipment is brought on by the rising volume of orders and the loading of the company''s present equipment.
The investment has enabled the company to acquire two technological tools that will ensure the long-term success of the strategy: increase the volume of label production, boost competitiveness, strengthen ties with current clients, and diversify customer base; extended production process control, able to guarantee time, minimal production costs, and superior quality; better coverage of the internal market with a more comprehensive product line.
The turnover in 2022 was increased by 94% compared to the value obtained in 2019. The company has foreseed for end 2023, an increasing of turnover, taking into account the fact that the production volume will increase, certainly, due to the two new equipment. The net operational profit in 2022 has increased by 115,74% compared to the value obtained in 2019. The company has foresee for end 2023, an increasing for net operational profit, taking into account the bigger volum of production compared with 2019 and with 2022, important for increasing the net operationl profit is the fact that the jobs are more complex and that means high added value.