In order to achieve this goal the company aims to increase its production growth by 120% till 2009 in comparison to that of 2006, to increase its net revenues by 320% till 2009, as well as to increase its production to a capacity of 2.55 million accumulators per year till 2009, compared to 1.2 million during the past year.
In 2007 Monbat’s sales are expected to rise by 40% to BGN110 million, and the company expects its revenues to reach BGN 15 million.
The main activity of Monbat is the production of lead--acid starter and stationery batteries and their after sales maintenance.
In 2006 the company remains export oriented - 85% of its revenues coming from export of its ready production. Export sales within the European Union represent 64.22% of all export sales in 2006.The majority of the export is to Germany-23.63%,Ukraine -11.06% and The Netherlands -8.50%.
The sales increase is mainly the result of the overall increase in sales on the markets of the countries within the European Union.