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The company is a shoe factory located in the Moscow region. Outdated equipment caused high energy costs and low product quality, threatening both competitiveness and market share. In addition, products from Asia have taken part of the market from Russian shoe makers and therefore modernising production lines became a matter of survival for the shoe manufacturer.
The company contacted RuSEFF for affordable financing of the modernisation measures. The RuSEFF team performed an energy assessment of the production line, checking the energy saving potential, financial-technical parameters and profitability of suitable modernisation measures.
The investment of €3.7 million allowed the company to replace the outdated production line and reduce its energy consumption by 3,870 MWh per year, resulting in annual cost savings of €606,000. The investment will be repaid from energy savings in six years and the cost savings can be seen as additional income. The new equipment also improved the product quality, allowing the company not only to maintain, but to increase the market share.
This project improved the company’s financial and market standing, securing its future. It demonstrates that energy savings are possible in all production sectors and can lead to multiple benefits. Therefore, it is worth checking the energy saving potential of investment measures with the help of in-house or outsourced experts.
The EBRD, through RuSEFF, supports the sustainable financing and implementation of energy efficiency and renewable 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.