Increase of the competitiveness of Radev amp; Sons Ltd. through improvement of the production capacity

Radev amp; Sons Ltd. is a manufacturer of lighting bodies with applications in manufacturing industry, household, garden and parks. Presently the company purchases the main components assembled into its products. The project provides for the purchase and commissioning of high-tech production equipment - injection molding machine for molding by injection of all types of thermoplastics, including polycarbonate and PMMA (polymethylmethacrylate), intended for the production of casings for lighting bodies with weights from 0.180 kg to 0.850 kg and various design and forms. From manufacturing perspective the deployment of the new equipment will lead to: an increase of the production capacity; improvement of the production processes through increased automation and diversification of the product range by expanding the technological capabilities of the company for production of outdoor lighting fixtures with various design and shape of the plastic casings; reduction of the energy consumption per unit of production and an increase the overall resource efficiency and effectiveness. From marketing and financial perspective the deployment of the new equipment will contribute to: reducing the manufacturing costs; diversification of the product range and expanding the customer base of the company; enabling a gradual increase in exports of products; increase in sales revenue and increase overall profitability. In ecological terms the new equipment will contribute to an efficient and economical utilization of raw materials, will increase overall efficiency and resource efficiency, and will also contribute to the environmental protection. With the implementation of the project the company will improve its overall activities in technological, financial, economic and environmental terms, which will lead to a lasting trend of growth of revenues from sales, of profits and of profitability of operations, which will ensure a sustainable increase of its competitiveness.

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