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So far, we have carried out three projects in collaboration with the European Union, which have significantly contributed to the development and strengthening of our factory's production capabilities. These projects were aimed at improving production capacity, increasing the efficiency of processes, and supporting the implementation of innovative and sustainable technologies in the factory. We believe that continuing participation in joint projects with the European Union will enable us to advance the industry further, strengthen our position as pioneers in the field, and collaborate towards achieving common goals for the benefit of the environment, society, and the economy. Through these collaborations, we intend to continue moving forward, innovating, and positively impacting the industry and the broader community
As part of the process to upgrade our production systems, we are currently considering the possibility of increasing the number of plastic injection machines in our possession. This is aimed at expanding our production capabilities and improving the effectiveness of the company's processes. In our deliberations, we are also exploring new directions such as two-component injection and the use of larger plastic injection machines than those we currently own, for example, 500 and 600-ton machines from Arburg.
In addition to upgrading the injection system, we are planning to innovate our assembly systems as well. The goal is to integrate robotic technologies at various levels, both in full assembly lines and in combination with manual work. All these are designed to increase process efficiency and allow greater flexibility in production while maintaining a high-quality level of the final products.
Through this, we expect to significantly improve our responsiveness to the changing market demands and continue to be at the forefront of innovation in the industry.
As with every year, we remain committed to innovation and invest significant resources in developing new products, with a focus on adapting to different markets. In 2024, we plan to introduce a new series of switches, specifically developed for the European market. This new series excels in exceptional ease of installation and a contemporary and modern design, allowing it to comprehensively meet a wide range of needs in the domestic electrical field.
This new series will be added to our company's extensive range of products, and we are confident that it will represent a significant innovation and contribution to the market. We believe that our customers will be impressed with the new series in the near future when it becomes available in electrical stores. The launch of this series is another step in our continuous effort to provide innovative and high-quality solutions that support the improvement of our customers' daily lives.
Our Plant is developing a project for ecologically sustainable energy production by 2026. This ambitious goal involves several initiatives, but one of the key strategies is the installation of solar panels on the roof of the factory.
The solar panels will produce clean and renewable energy that can be used to drive the plant's activity. This will not only reduce our reliance on fossil fuels and reduce our carbon footprint, but also provide cost savings on energy bills.
In addition to the solar panels, we also implement other sustainable practices, such as recycling and waste reduction initiatives, and the implementation of energy efficient technologies throughout the plant.
We are committed to working closely with the European Union and other partners to ensure that our factory meets our sustainability goals and plays a positive role in protecting the environment. We believe that our efforts will not only benefit our business, but also the local community and the planet as a whole.
