Improving the Production Capacity of Rigana AD

In the highly competitive environment and expanding market, we are challenged to meet the increased market demand for our products, operating with outdated technologies and insufficient manufacturing capacity. To overcome this limitation, RIGANA AD purchased and is in the process of reconstruction of and old refrigeration base in Kazichene village in order to create a new business object. This determines the objectives of the project: - To increase our production capacity; - To increase our export potential. To achieve the objectives the following activities are planned: 1. ACTIVITIES FOR IMPROVEMENT OF PRODUCTION PROCESSES (by purchasing of 21 pcs. FTA) 2. ACTIVITIES FOR THE IMPLEMENTATION OF NEW TECHNOLOGY TO IMPROVE EFFICIENCY AND EFFECTIVENESS RESOURCES IN THE PRODUCTION PROCESS (purchase of 5 pcs. FTA) 3. ACTIVITIES TO IMPROVE EXISTING PRODUCTS (purchase of 19 pcs. FTA) These activities will be carried out in our future production base in Kazichene village, Sofia region, and therefore fall in the following categories: INVESTMENTS FOR CREATION OF A NEW BUSINESS SITE. The main results of the project will be: - Production capacity of RIGANA AD Ltd. for the production of flavors blends will be increased by 200%. - Enhanced export potential of the enterprise as a result of expanded capacity and improved quality of production so to meet the market demand. - Improved resource efficiency by reducing the water used, which will also be a contribution to environmental protection. - Improved quality of production. The effects of the project within three years after its implementation will be as follows: -Productivity will grow by an average of 15.11% compared to that of 2014; -Average revenue generated from exports to investment in the project will increase by an average of 33.44%; -The efficiency of the production costs will increase by an average of 16.01% compared to that of 2014; -The internal rate of return on investment will be 201.68%.

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