Improvement of Production Capacity of NEON.BG OOD Aiming to Increase its Competitiveness and Strengthen its Export Potential

NEON.BG OOD performs production activities in the high-tech sector under KID 27.90. The enterprise is currently experiencing a number of manufacturing difficulties because, due to the lack of a laser lettering machine for manufacturing of volumetric letters and other luminous bulky advertising, it outsources laser cutting, which is a major stage in the manufacturing process, to external companies. Outsourcing leads to undesirable consequences for the company, such as higher production costs, reduced productivity, delays in customer engagements, high relative share of manufacturing waste, lower quality due to lack of ongoing control over the overall production process , the inability to maintain its good name on the national market, and to realize its export potential sustainably. In this connection, the enterprise is in need of introducing its own laser cutting machine to overcome the problems described. Under the project an ACTIVITY TO IMPROVE MANUFACTURING CAPACITY will be implemented by acquiring and putting into operation of a laser machine for the production of volumetric letters. The activity is aimed at: - improvement of production processes, - reduction of production costs, - improvement of the products offered, as its implementation will result in meeting the company's stated need and improving processes by closing the production chain. The realization of the project will lead to the fulfillment of its OVERALL OBJECTIVE: increasing the competitiveness and strengthening of the export potential of the enterprise. EXPECTED RESULTS from project implementation: 1) Increasing Productivity; 2) Increase in net sales revenue; 3) Starting export activity and generating export earnings. Project activity is consistent and contributes to the implementation of horizontal policies on equality and non-discrimination and sustainable development.

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