Improvement of the production capacity of Multicommerce LTD

This investment project is targeted at purchasing and commissioning of 1Production line for grooving, lining and counterlining of products and 1Casing-in machine in the production practice of Multicommerce Ltd. It will increase production for export because of the fact that it will overcome currently existing production issues and limitations. With this Production line for grooving, lining and counterlining of products and casing-in machine Multicommerce. will reduce its production costs with applying as thin glue layer as possible, avoiding the use of tooling and moulds. Currently, the company does not have any Production line for grooving, lining and counterlining of products and casing-in machine in the finishing and binding department and fulfills part of production operations inefficiently with limited capacity for production. With the realization of this project and the purchase of Production line for grooving, lining and counterlining of products in a one automated process and a case-in mashine, the company will significantly optimize its finishing and binding processes of the products, which will lead to significant increase of the production capacity of the printing house as a whole because currently the finishing and binding department is a "bottleneck" for the entire production cycle. Given that the export-oriented production of Multicommerce Ltd. is now primarily a luxurious range of products which is mainly an excellent promotional product, luxury casemaking of paper covers or high-quality coated boxes, the project will significantly increase the presence of the production of the company beyond the borders of Bulgaria. With the project implementation the printing house will increase the efficiency of production costs by more than 12%, will increase the average export earnings over 18%, will increase productivity by over 23% and will increase resource effectiveness and efficiency of the production process, trough decreased production waste quantities.

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Overview

Status Closed (completion date)
Start date 20 Jun, 2016
End date 13 Dec, 2017
Contract date 20 Jun, 2016
View in UMIS

Financial information

Total cost 1,069,839.01
Grant 748,887.30
Self finance 320,951.71
Total paid 748,887.30
EU participation percent 85.0%

Location