Improving the production capacity and the competitiveness of OLYMP – Safety Equipment Ltd. by purchasing equipment for specialized clothing manufacture as well as equipment for alternative and extreme sports and tourism.

The main goal of this project proposal is to improve the applicant’s competitiveness by means of investment in tangible and intangible fixed assets that would allow diversifying the company’s product range as well as better positioning on the increasingly developing market for specialized clothing and equipment for alternative and extreme sports and tourism. The applicant intends to develop a new product range, entirely focused on specialized clothing and equipment for alternative and extreme sports and tourism, including highly water-resistant winter wear, mountaineering and extreme sports clothing, harnesses, lanyards, backpacks, etc. Thus, OLYMP Safety Equipment Ltd. would be able to position itself on the highly promising market for extreme sports and tourism products, which are also part of Thematic area 4 – NEW TECHNOLOGIES IN CREATIVE AND RECREATIONAL INDUSTRIES from the Innovation Strategy for Smart Specialisation of the Republic of Bulgaria for the 2014-2020 period. The main activities to be implemented in order to achieve the above goal are as follows: A) Activities for diversifying the product and service range of the company; B) Activities for implementation of new technologies for improvement of resource effectiveness and efficiency in the manufacturing process. Within the implementation of both activities, purchase of specialized sewing equipment is envisaged, including sewing machines, a cutting robot, a CAD system for manufacturing needs, and others. The described investment represents a capacity extension of the existing establishment of the applicant. By realizing the project we expect to achieve: - A 25.28 % increase in productivity; - 25,57 % increase in export potential and in the relative share of export revenues; - A 16.07 % increase in production cost efficiency; - A very good internal rate of return for the investment project amounting to 89,91%, which illustrates the low-risk character of the project.

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