Investment measures to increase production capacity and improve the technology in "Vitavel" JSC.

The project proposal planned activities on the realization of investments in upgrading the technological park and expanding the production capacity of "Vitavel" JSC through modernization and optimization of production chains, diversification of product range, including quality and functional characteristics of the product provide services with high added value and quality, customer satisfaction and compliance with the European directives for production in this sector. The specific activities envisaged for the implementation of this investment project are:    - Improvement of production processes;    - Adding new features or improve existing products and services;    - Diversification of the range of products and services to businesses;   - Implementation of new technologies to improve resource efficiency and effectiveness in the production process. The above project activities will be implemented through a high technology automated equipment to increase production capacity in "Smurfit Kappa Bulgaria" Ltd. consisting of the following capacities: - Machine for baling of waste paper (baler press)  - Installation for the production of adhesive (glue kitchen) - Folding - gluer  - Facing machine. The project implementation will have long term positive effect on the competitiveness of the enterprise and improve its market position relative to competitors on the basis of new technological equipment purchased. After the project is expected to achieve the following results:  - Internal rate of return - 29.9896%%  - Increase productivity - 15.3166%  - Amendment of the average revenue generated from exports as a result of the investment project - 25.0320%  - Increasing the efficiency of production costs - 16.2654%.

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