Production capacity improvement and introduction of new products in Magi Ltd

For more than 20 years already Maggie Ltd manages not only to be present at the market, but also add new activities to its portfolio. Our main activities are connected with production of plastic packagings but we also produce soft drinks. As we have closed the soft drinks production cycle we are able to be competitive of the market because of the price value of our products which we are able to meet. The necessity of buying the equipment under this project is provoked by the increasing demand of big plastic bottles (10l) and plastic jars (from 0,3l to 10l). These packagings will be used for diversification of our assortment and will also be sold as packagings to exisiting and new clients. We have a lot of requests for such packagings which we cannot satisfy at present because of the lack of technological equipment that can produce them. Up to now our company has not sold any products at the international markets. Our investigations show that especially the jars, if produced of quality materials and last generation equipment will be well accepted abroad and especially in the neighbouring countries. By installing the new machines we shall increase our capacity with 150%.. They will be fully automatic. This will allow us to avoid the possibility of human mistake during production which can lead to low quality production or directly rejected one. Because the new packagings are of higher volume, and if filled in - very heavy, and for optimizing the overall production process, we need to buy LPG forklift truck - also necessary for the achievement of our goals. Not in last place , because of the use of new technologies we shall be able to reduce the weight of the PET packaging and shall achieve a significant saving of material per one piece production. This, together with the lower energy usage will allow us to make the production process more effective and efficient. The project will be implemented fully using own financial resources.

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Overview

Status Closed (completion date)
Start date 20 Jun, 2016
End date 11 Jul, 2018
Contract date 20 Jun, 2016
View in UMIS

Beneficiary

Financial information

Total cost 404,000.00
Grant 282,800.00
Self finance 121,200.00
Total paid 282,421.99
EU participation percent 85.0%

Location