Improvement of the production capacity of Faiar Ltd.

Faiar Ltd work activities are in the field of machine-building, metalworking and construction of stable and high quality metal structures, as well as their maintenance and repair. The business of the company is export oriented–60% of production, 92 % for services. Since Y2017 a significant part of the business is the production of spare parts and components–from small to large dimensions, which are used in the repair of machines and equipment, with general and special applications. One of the main processes is this area of Faiar’s business is shaping and metal-cutting. Currently this is done with an old and depreciated machine, which performs only one type of cutting–with gas. It produces at an insufficient level, is not accurate enough, which leads to the necessity of performing additional work activities using other machines, which is time-consuming and gives waste. The delay in this process leads to lower efficiency and longer production cycle. The company is forced to reject orders from clients, because this old equipment cannot process and cut all types and dimensions of parts, which would be possible with plasma cutting, combined with gas cutting. This Project envisages the purchase of a machine for shaping metal sheets, followed by gas or plasma cutting. Aims and effects: 1.Current production capacity icrease of the company for all parts and components, as well as for spare parts which are used in repair activities and those for direct sales. The higher efficiency of the plasma cutting would allow them to accept orders from previously rejected customers, reduce costs and waste and increase quality of the parts. 2.Regarding the repair work, the increased production of parts would lead to a growth in the revenues from these activities and would make the company more flexible and efficient. Results: Sustainable growth of the company, modernized production, increase in sales and competitiveness, decrease in production cost and company risk, more stable CFs.

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