TECHNOLOGICAL MODERNIZATION IN THE ENTERPRISE

In September 2022, we submitted a project under the “Technological Modernization” procedure, financed through the National Recovery and Resilience Plan. The project proposal is related to the modernization of the production process of Vrangovi Ltd. through the purchase of the following equipment:

Combined CNC machine for laser cutting of sheet material and tubes – 1 unit

Powder coating installation for metal products – 1 unit

Manual sandblasting chamber with automatic abrasive recycling system – 1 unit

Single-girder overhead crane, 3.2 tons – 1 unit

At the end of 2022, the results of the evaluation of the submitted project proposals were published. Our project was approved for funding and, in this regard, in April 2023 we signed a grant agreement.

The main objective of the project is to expand production capacity, increase the efficiency of production processes, improve the productivity of the enterprise, and optimize the production chain through obtaining grant funding for technological modernization under the National Recovery and Resilience Plan. The expected effect of the project implementation is the economic recovery of the enterprise to its pre-COVID pandemic level and the creation of conditions for the growth and development of the company through the digitalization of production processes, with the aim of expanding the activities of Vrangovi Ltd. The planned investments under the project comply with the “do no significant harm” principle in relation to the environment and will contribute to the country’s green transition.

The activity to be implemented under the project is: Acquisition of new technologies with a focus on the digitalization of production processes for the purpose of expanding production capacity and diversifying the products/services offered.

Through the implementation of the planned activity, the following results will be achieved:

increased productivity;

expansion of production capacity with new products and services;

improved efficiency of production costs;

increased production capacity of the company;

flexibility and modernization of production processes;

implementation of modern digital technologies in production;

improvement of the company’s market positions;

increased competitiveness of the company.

The project budget amounts to BGN 685,560, of which 50% is grant funding.

The project implementation period is 12 months, and the grant agreement was signed on 10.04.2023.