Improving production capacity in MILARA INTERNATIONAL Ltd.

With this project Milara International strives to meet its medium – term and long – term goals related to increasing production capacity and expanding export potential. These objectives will be achieved through the following activities: - Activities to improve production processes – through the deployment of high – precision CNC machine tools and the introduction of the assembly line. - Activities to diversify the range of products and company services – through the deployment of equipment for the production of gears and construction tool. - Activities for implementation of new technologies to improve resource efficiency and effectiveness – through implementation of waste – free equipment of high energy class containing new technologies for resource efficiency and effectiveness. These activities will be implemented through the delivery and installation of the following equipment: 1. Horizontal Machining Center. 2. Automated system for connecting machines in the assembly line. 3. Vertical machining center. 4. Machine for production and sharpening tools. The total investment cost for this equipment is BGN 1 638 million without VAT of which contribution from Milara International Ltd. Is BGN 665 200 without VAT. For the realization of the investment will be carried out by selection of a contractor including 4 separate positions for each machine according to an Art. 7, Para. 1 of Decree 118 / 20.05.2014. The company will carry out the following steps for the implementation of activities: 1. Selection of a contractor for the 4 separate positions – 1-4 months. 2. A contract with the selected contractor – 4 months. 3. Delivery of the agreed equipment – 5-10 months. 4. Installation, testing and commissioning – 11-12 months. 5. Signing of the final acceptance protocol and final deployment of equipment – 12 months.

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