Investment project to improve the productive capacity and competitiveness of RITA PLAST AGRO LTD

RITA PLAST AGRO LTD was established in 1995 with specialisation in the manufacture of plastic household articles. Production capacity is about 350 tons per year. We produce products for the Bulgarian market and for export / France, Greece /. The main technological production methods we use are extrusion and injection molding. For the production by extrusion we have an Extruder and a Vacuum machine which were purchased in 2013 with a loan and are modern, low cost and have high performance. We have several machines for production by method Injection molding, but all are obsolete and physically worn out, with low productivity and high cost of electricity. The main problem we have now and that is an obstacle and hindrance to the development of the enterprise is that we don't have the necessary production capacity to cover the orders we receive from our customers, we cannot meet the needs of our main partners and to nourish them with the amount of packaging and products that their products require. This puts us at serious risk of losing them as customers. The subject of this project proposal is the investment in fixed assets - 3 molding machines with servomotor control system and computer management, which represents a complete new solution to address the need for improving the production process and increase the productivity of the enterprise. In the project we will implement activities and management of the project, selection of contractors, delivery of assets; visualization and promotion of the EU financial contribution, final reporting. The expected results of the project are expressed in a number of economic outcomes that are measurable and will be reported to underlying project indicators. The expected effect of the project is strengthening and expansion of market positions in the country and abroad by improving our competitiveness.

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