Project completion

About OLSTRAL

OLSTRAL HTP SRL was established in 1993. The company was specialized mainly in trading activities. Since the management was taken over by Raul Olesch, the company starting offering complex solutions for the high precision markets. The long term vision is to develop OLSTRAL, as one of the leading Romanian manufacturing companies, for high tech parts and a strong promoter for energy saving solutions, and green investments. Romania, has at the moment no similar company. OLSTRAL is a company with extensive experience in supplying technical goods for the metal processing industry.

OLSTRAL is certified with AS9100, that is a global recognized certification, to be allowed to produce parts for aerospace industry. It is mandatory to have this accreditation, to be allowed to supply parts for this industry.

For the submitted project, the company specialists have undertaken various activities in addressing the need in aerospace and medical sector by carrying out the market analysis for identifying the target market, identifying of equipment needs, identifying the size of the targeted market, identifying reduction of pollution by reducing CO2 in the atmosphere and other emissions and making estimates for green energy production within the company.

The main objective of OLSTRAL HPT was to develop the company's capacity to produce and deliver innovative parts (high-precision parts) for the aerospace and medical industries. The goal of the project was to promote investment in machine tools following ecological solution principles. The impact of the investment was significant:

• Increase in turnover by 35% after implementation;
• Estimated annual reduction in CO2 emissions from 111.54 tons of CO2 (2019) to 83.11 tons of CO2 (2022);
• Estimated annual increase in operating profit (EBIT) by 650% (approximately EUR 462,000) in 2022 compared to the initial value in 2019;
• Creation of 12 new jobs.

By implementing this project, OLSTRAL has strengthened its position in the high-precision CNC machining market, significantly contributing to the sustainable development of the aerospace and medical industries. Increased efficiency, reduced CO2 emissions, and the creation of new jobs reflect the company's commitment to innovation and sustainability. This successful partnership between EEA Grants and OLSTRAL HPT demonstrates the importance of international collaboration in supporting long-term ecological and economic initiatives.