Eliaz Ltd. in Sofia, established in 1990, manufactures flour and bread products. Being loyal to traditions, the company produces a great variety of quality goods – hand bread, special breads, catering cakes and snacks – respecting the healthy diet rules.
To keep the production costs down, the company planned modernization of own production line utilizing the up-to-date technology.
Eliaz Ltd. applied to BEERECL for the loan and advisory package. The BEERECL team performed the analysis of the investment, particularly, the potential of energy savings, its technical-financial parameters, risks, and environmental aspects.
The €660,000 investment allows the company to increase the productivity, improve the quality, increase reliability of production, reduce energy consumption, operation and repair costs. The annual energy costs savings of €68,000 complemented by wages and maintenance costs savings result in the total annual savings of €156,000.
With such figures, the investment will be repaid from the savings in slightly over four years, with future cash-flows becoming company's income further on.
This way, the company reduces own costs, increases the margins and, hence, competitiveness on the market. This is a good example of how energy savings can originate from replacement of various types of equipment and generate high cost savings.