Improving the Production Capacity of Serpio OOD

The project proposal is aimed at receiving financial grant aid by Serpio OOD for investments in fixed assets (delivery, assembly, installation, testing and commissioning of machinery) related to the capacity expansion of the company's existing business site in Vratsa. The project aims at achieving the following two main objectives - Increase production capacity and Enhancement of export potential of the candidate. Target groups: The project is implemented in existing business site in Vratsa (Northwestern Region, which is a priority), and includes activities for introduction of new technologies for improvement of the resources effectiveness and efficiency in the production process (sustainability is a priority). The project proposal includes activities for improvement of production processes, activites for adding new features or for improvement of existing products or services and activities for introduction of new technologies for improvement of the resources effectiveness and efficiency in the production process. The expected results of the project are: improving the quality of existing products; increase the production capacity by 17% as a result of capacity expansions in the existing business site in Vratsa; increase in sales revenue to 23%; increase the market share of local, regional and national level; start export and reaching 10% share of exports in revenue; reduce complaints to 0%; reducing production waste by 40%; reducing the amount of waste by 45-50%; in the medium term to achieve an internal rate of return of the project 39.09%; increase productivity with 24.19%; increase in the average revenue generated by exports with 26.46% and increase the efficiency of production costs by 16.59%.

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