On 10th April 2023 Linea Pack Ltd. signed a Contract for Financial Grant No BG-RRP-3.004-0031-C01 according to the procedure BG-RRP-3.004 Technological Modernisation, Economic Transformation Program, part of the component Intelligent Industry of Bulgaria’s Recovery and Resilience Plan, Next Generation EU.
The contract has to be completed in 12 months’ time and its total investment value is 1 075 369.00 levs without VAT. The main goals are to increase the efficiency of the production processes, to achieve higher productivity, to reduce the production expenses and to optimise the production chain by providing grants for Linea Pack Ltd.
The effect we expect to achieve is the recovery of the economic potential of the company from the period before the COVID pandemic and the creation of suitable conditions for growth and development by digitalisation of the production processes aiming at expansion or by diversification of the activity of Linea Pack Ltd. In addition, the investments in the procedure will be in conformity with the requirements of the principle for ” not causing significant damage” to the environment and will contribute to the ecological transition of the country. The investment activities of the project are aimed at acquiring new technological advances with a strong emphasis on the digitalisation of the production processes of Linea Pack Ltd., the goal of which is to expand the production capacity of the company.
The equipment planned to be bought for the project includes investments in long-lasting material assets, in particular buying and launching in exploitation a machine for wine bottle caps and specialised software for managing the business processes of the company.
The realisation of the project will have a long-lasting positive effect on the competitiveness of the company as well as improving its market positions compared with those of its competitors thanks to the new technological equipment bought by the company.
The acquired investments will lead to achieving market privilege, personalisation of products, originality, flexibility and efficiency of the production processes.