“Investment in high-tech equipment to improve production capacity of PROFI 2017 LTD”

This project proposal is directed at increasing production capacity of Profi 2017 Ltd. and enhancement its export capacity through fulfillment of the following activities: 1.Improving production processes through investments in tangible and intangible fixed assets; 2.Implementation of new technologies to improve resource efficiency and effectiveness in the production process; 3.Implementation of new technologies to reduce the consumption of natural resources and regeneration of industrial waste. The main instrument, through the set activities will be implemented, is buying of the following new high-tech machines: 1. Telescopic loader; 2. Gas forklift; 3. Diesel Forklift; 4. Log cutting machine. The new equipment will bring up continuous and consistent production process, efficiency of the entire activity, in respect of resources used as well as high productivity. With the achievement of the set goals, through the implementation of Activities 1, 2 and 3, a number of positive effects and results will be achieved aimed at improving the quality of life and living standards of the population on the territory of LAG "Lukovit-Roman" by using the local potential for sustainable development of a competitive economy. At the same time, technological opportunities will be created to reduce the cost and improve the quality of production by reducing the percentage of waste and reducing the use of manual labor in domestic transport and Stage 3 of the technological process - Forming blanks and cutting to boards and logs. More specifically, with the implementation of this project, the following results will be achieved: • Improving production processes; • Providing additional employment for the local population; • Improving the resource efficiency of production; • Increasing the export potential of Profi 2017; • Reduction of the used manual labor in the production; • Improving the production capacity of the enterprise.

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