Increasing the competitiveness of Elitex Ltd. by implementing energy efficiency measures

The company Elitex Ltd., which produces textile products, has a fully closed production cycle. The main energy resource used in the production process is electricity – used for design, sewing and labelling. As part of its development, the company aims to introduce a more environmentally-friendly policy through using energy efficiency technologies that do not harm the environment. The activities planned in this project proposal are related namely to achieving more energy-saving production. In order to reduce its production costs and thus decrease its overall energy intensity, Elitex Ltd., as part of Element A “Investments”, plans to implement investments in up-to-date energy efficient equipment. The project activities include the replacement of obsolete equipment used in design and sewing processes with machines of a newer class that have higher energy efficiency and production capacity. As a result of the implementation of the new high-tech equipment, the company will reduce its energy consumption, will achieve higher productivity and will decrease its operational and maintenance costs. As part of Element B, “Services”, Elitex Ltd. plans to use consulting services for implementing and certifying energy management systems as per the requirements of Standard BSS EN ISO 50001. This activity will contribute to the company’s improved energy balance, enhanced competitiveness and competitive advantage resulting from the lower energy consumption. As a result of the successful implementation of the planned activities, more resource efficient and environmentally-friendly production processes will be applied; the planned energy saving is 28,28%, and the product capacity and quality will increase, thus attracting new customers. In this way, the project investment will ensure the sustainable development and growth of Elitex Ltd..

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Overview

Status Closed (completion date)
Start date 15 Nov, 2017
End date 18 Dec, 2018
Contract date 15 Nov, 2017
View in UMIS

Beneficiary

Financial information

Total cost 782,591.00
Grant 484,197.60
Self finance 298,393.40
Total paid 484,003.47
EU participation percent 85.0%

Location