Improving the production capacity of Atmar Group Ltd.

Atmar Group Ltd. is a small company in town Novi Pazar, with EAC 23.12 "Production of packings and household glass" and with main activity of decorating household glasswork and ceramics. Mission of the company is keeping the traditions in glass industry, to provide its customers products with the best quality/price ratio. Production facilities are located in the former factory "Kitka" in Novi Pazar. Atmar Group Ltd. is one of the main subcontractors of New Glass EAD as paints and decorates products made of glass, supplied by the customer (mainly cups). New Glass EAD and the factory for glass bottles production "Druzhba Glassworks" AD as well, are part of the Greek group "YIOULA Glassworks", with production facilities in Greece, Ukraine, Romania and Bulgaria. The group companies operate mainly for foreign markets, which are constantly growing. This offers great opportunities for development and the Atmar Group Ltd. as the main subcontractor of painting and decoration. To meet the growing needs Atmar Group Ltd should expand the range of services and products, as to includes in its portfolio the decoration of glass bottles as well. This can be made possible by introducing in the production process of new technological equipment - Automatic bottle painting line. Through the provision of investment support for the purchase of such a line, will increase the production capacity of the company and boost its export potential. As a result of the investment, will be able to create new 25 jobs, productivity will increase by 15.38%, will increase cost efficiency by 17.51%. The project will increase the company's turnover by an average of 26% yoy, in the next three years is expected to grow nearly three times. Since will be tolling for companies that have over 80% export, will grow and export potential of the company by 82%.

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