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Energy efficiency brings Armenian pastry brand closer to its customers

Investor
Zeytun Sweet LLC
Location
Yerevan, Armenia
Investment
Light duty trucks
Investment Size
US$ 72,000
Financial results
Payback in 7 years
Energy savings
126 MWh/year (-44%)
CO2 savings
33.5 tonnes/year (-44%)
Impact
Increased reliability of product delivery, improved competitiveness
Donor
EU, Austria

Energy-efficient distribution enables timely and inexpensive delivery, thus making the pastry maker more competitive

Established in 2000 and located in a suburb of Yerevan, “Zeytun Sweet” has been steadily growing its pastry business and investing in energy efficient technologies.

This time the company decided to invest in fuel-saving trucks in order to reduce the daily costs of distribution, at the same time the selected high-performance truck model would spare on reparation costs, hence increasing the lifespan of the investment.

The local project team assessed the investment based on the customer’s application and the energy saving potential of the intended purchase, while the financial-technical parameters of the investment were analysed to ensure that they met the eligibility requirements for financing.

The US$ 72,000 investment allowed the company to reduce energy consumption by 44% per year, resulting in annual cost savings of US$ 12,000. This means that the investment will pay for itself in less than 7 years, delivering reliable service and creating brand value for many years.

The new trucks have led to a reduction of fuel expenditure by approximately 44% per year, which not only cuts costs by 44%, but also CO2 emissions. This makes the business more profitable but also protects the environment by mitigating the negative effects of human activity on nature.

“With this small but energy-efficient investment, Zeytun Sweet is getting closer to its customers, and is thinking about investing in other energy-saving technologies to further reduce daily expenses and at the same time increase the quality of production and employee safety,” explains the CEO & Co-founder, Mr. Khachik Aharonyan.

This way, EBRD supports cost-effective financing and the implementation of sustainable energy projects by the private sector. Together, the private, residential and public sectors can make a change in energy consumption patterns and contribute to environmental protection.

This project was supported by EU and the Austrian Federal Ministry of Finance.

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