„Improving the production capacity of „GREYKO ENGINEERING“ LTD"

The present project presents the investment intention of GRACE ENGINEERING Ltd. for increasing the production capacity by purchasing modern welding and metalworking equipment. The main scope of activity of the company is the design and production of pellet installations (burners, boilers and fireplaces), code NACE - 2008: 28.21 "Manufacture of furnaces and burners". The activity is carried out in own production facility in the town of Gorna Oryahovitsa. Despite the good technical feasibility of production, the company faces the serious challenge to respond adequately to the ever-growing demand for its products. The current production capacity of about 2,900 burners and boilers (at 100% machine load) is insufficient and slows the company's development. With the implementation of this project, the available machinery will be complemented by: 1. Robotic welding system - 1; 2. Punching Machine - 1; The introduction in the production process of the new high-tech welding and metalworking machinery will lead to: 1. Increasing the production capacity with more than 40 pcs. pellet burners and boilers / monthly (490 per year); 2. Increasing the export potential of GRACE ENGINEERING LTD. It is planned that, at the end of the forecast period, 150 units of the constructed facilities will be realized on the foreign markets; 3. Increasing Productivity; 4. Increase in net sales revenue; Within the framework of the project activities are foreseen for the selection of a supplier (in accordance with the procedure described in the Guidelines for the Implementation of OPIC Contracts 2014-2020, ZUESEF and CMD No. 160 / 01.07.2016), delivery, installation and putting into operation of machines. The total value of the investment is BGN 634,500.00 excluding VAT. The planned duration of the project is 12 months.

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