Implementing of measures for improving the energy efficiency and increasing the production capacity of Favo AD

The project of Favo AD is aimed at implementing measures for improving the energy efficiency of the company and increasing its production capacity through investments in new machinery with higher productivity and the introduction of an energy management system. In the long term, the project will lead to a more sustainable development and a significant increase in the competitiveness of the company. In order to establish the concrete measures, which will improve the energy efficiency of Favo AD, a contractor was engaged for the carrying out of an energy efficiency study and the preparation of an energy audit report, in which 3 energy saving measures have been identified. The measures will be implemented by the purchase of the following machines under Element A (Investments): • Tube bending and punching machine – 1 • Powder coating line – 1 • Robotic welding system – 1 During the project implementation under Element B (Services) an energy management system will be introduced and certified in full compliance with the requirements of the EN ISO 50001 standard. The project will help Favo AD to improve significantly its energy efficiency: • The overall yearly energy savings from the identified measures will amount to 166 198 kWh/year (166.198 MWh/year); • The planned energy savings for the company as a result of the project implementation will be 21.482 %; • Energy saving factor will be 53.392%. These savings will lead to significant benefits for the environment and will be complemented by the new possibility to recycle an important material through the system for recycling of powder paint, part of the powder coating line. Last but not least, the company will increase its production capacity, which will also lead to increased competitiveness.

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