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Description
Euromedica, is a medical device manufacturer, established in 1998, in Iasi, located in North-Eastern Romania. The company is a 100% family-owned business and specializes in providing its’ customers with production subcontracting services, primarily for innovative medical devices that improve common medical procedures. The primary activity of the company is to manufacture and assemble medical and biomedical equipment. The secondary purpose is to make injection molding of plastic components, liquid silicone molding, and extrusion of polymer packaging materials.
The main objective of the project is to expand the existing building for capacity and sustainability reasons and expand production of new medical and agricultural sensors. The company will become more competitive supplier by introducing greener solutions since it will reduce energy consumption which leads to lower operational costs. Production techniques will also be updated, and plastic waste will be reduced. The plant will be modified according to the newest environmental standards for sustainable development. Key activities include:
- Investments related to new products and technologies.
- Project management.
- Publicity measures to promote the project.
Expected outcomes include estimated annual decrease of CO2 by 74 tonnes in 2024 versus 2020 and annual decrease in energy consumptions by 80MWh for the same period. The project is estimated to generate 35 new jobs by 2024.
Summary of project results
The project aimed to address several key issues and challenges faced by Euromedica. Primarily, the need to adapt its production technology and enhance its production flow to boost efficiency and efficacy was identified. This was essential to provide a greener solution capable of increasing the production rate. Additionally, the project sought to expand and diversify existing technologies to develop new products while lowering manufacturing and energy costs. The competitive environment within the EU, coupled with higher operational costs compared to the Far East, necessitated improvements in overall company efficiency through modern manufacturing technologies, automation, and improved energy efficiency.
The project undertaken by Euromedica involved several key activities aimed at enhancing their production capabilities and sustainability. Firstly, the company invested in innovative, environmentally friendly products and technologies, focusing on the industrial development of energy-efficient injection molding for medical sensor devices. This included expanding the existing building to increase capacity and sustainability, as well as the production of new medical and agricultural sensors.
The outputs of the project included a more competitive production facility with reduced operational costs due to improved energy efficiency and modernized production techniques. The reduction of plastic waste and adherence to the latest environmental standards further positioned the factory as a sustainable production plant prepared for future demands. Moreover, the company expanded its focus from medical devices to include biomedical devices, opening a new platform of production technology.
The project achieved significant results that benefited both Euromedica and its stakeholders. By expanding and diversifying its production technologies, Euromedica was able to develop new products while reducing manufacturing and energy costs. This led to a more competitive position in the market, allowing the company to stand out with a greener service specialized in medical device manufacturing.
For Euromedica, the project resulted in a more efficient and sustainable production facility, with reduced operational costs due to improved energy efficiency and modernized production techniques. The reduction of plastic waste and adherence to the latest environmental standards further positioned the factory as a sustainable production plant prepared for future demands.
The company''s customers, primarily European businesses, benefited from the enhanced reliability and diverse range of manufacturing options provided by Euromedica. The focus on high-quality business-to-business partnerships ensured secured future sales and strengthened customer relationships.
Additionally, the project had a positive impact on the company''s employees. With 25 years of experience in the field, Euromedica''s highly skilled and motivated personnel formed a very effective team. The investment in innovative and environmentally friendly products and technologies not only improved the company''s efficiency but also provided employees with opportunities to work with cutting-edge technologies and contribute to a greener future.