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New printing presses and film processing lines open new markets for Starpack.
Star Pack is an Egyptian company established in 2008, in Belbes, Sharqiyah Governorate specialized in plastic and packaging products. The full production capacity in June, 2017 was 600 ton per month, however, due to market demand and the limitation of product ranges, the company was only producing less than 200 ton per month. Also, the company owned two colour printing presses that were limited in terms of production variety and expensive in terms of electricity consumption, thus, the company was facing hard competition within the market.
The company embarked on replacing the two printing presses with modern ones that consume less energy and produce wider variety of products, which would help it improve its competitiveness by opening new markets, and increase profitability by saving on energy expenses and increasing revenue from new products’ sales.
The GEFF team performed the project analysis, assessed the potential of energy savings, financial-technical parameters and risks.
The EGP 80,104,113 investment allowed the company to reduce the energy consumption by 2,132 MWh per year, resulting in the annual costs savings of EGP 76,275, in addition to increasing the production capacity with expected annual revenues of USD 1,963,500. This means the investment will be repaid out of energy savings in 3.2 years, continuing to generate profit for many years to follow.
The new equipment led to a reduction of the CO2 emissions by 959.4 tonnes per year, making a valuable input towards mitigation of negative effect of human activity on climate.
GEFF Egypt was developed by the European Bank for Reconstruction and Development (EBRD) and is supported by the European Union Neighbourhood Investment Facility.