LOTOS LTD - TSIGELLI P.C. (Q4298468)
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No description defined
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | LOTOS LTD - TSIGELLI P.C. |
No description defined |
Statements
324,965.42 Euro
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588,172.7 Euro
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55.25 percent
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23 November 2020
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22 November 2023
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LOTOS LTD
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42°3'16.34"N, 25°34'45.77"E
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40°39'36.14"N, 22°54'29.74"E
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The challenges of the proposed investment are the stimulation of economic growth of one existing and one newly established company through joint economic development actions for expansion beyond local markets and new products offering. Lotos Ltd. is a well- positioned meat production company, renowned at national level for its variety and quality of products. The company is backed by quality assurance, sustainability, innovations, constant development and willingness for expansion. Through the proposed investment plan it aims to grow beyond the borders and continue to be competitive as the demand for reputable and quality assured meat products continues to rise. TSIGELI P.C. is a new company, whose main objective is the meat processing and trading, which will be achieved within the planned investment. The BG partner has strategically chosen to produce its products in its home country and export them, as this strategy involves the least potential risks and will guarantee the lowest production costs and company’s competitive advantages. Bearing in mind that distribution and marketing are important components of the final costs and key factors in competitiveness, the benefits for TSIGELI P.C. include a chance to increase its revenue by introducing a new high- quality product to the local market at competitive prices. The two companies will collaborate to jointly analyse the different activities of the production, processing and distribution process, identifying problems and finding joint solutions for improvement. The investment plan envisages the launching of an installation for the processing, packaging and distribution of meat products and the purchase of transport means for delivery and distribution. Lotos Ltd. will provide to the Greek partner raw and/or semi-processed meat products by purchasing 3 vehicles- specialized refrigeration/ cooling vehicles (heavy truck and van). TSIGELI P.C. foresees the purchase of equipment for processing and packaging meat products and a specialized transport vehicle for distribution. The installation will be implemented in a property rented by the company. Thus, the current business partnership is seen as a tool to coordinate efforts, resources, knowledge and skills, to jointly solve problems, enabling the two companies more effectively to overcome problems of market access, information, infrastructure, technological innovations and jointly participate in the CB market. (English)
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