Modernization of a production plant for cornices

The project of Genkovsky Ltd aims to buy a new drying chamber for wood and machinery for wood processing which will enable the plant to increase its productions rates, to lower the costs and to ensure better quality. The plan is to build a heating installation and new office equipment. After the realization of the project there will be three more working places available and the time needed for production will shorten which will give the company a competitive place on the market. The project will have a sustainable eco effect as for the heating they will use the waste from the processing of the wood. After completion of the project the financial results will be better and will be an example of a sustainable non agricultural business in a rural region.The project will build a sustainable partner relations with tourism companies based in Troyan and Ugarchin.

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Overview

Status Contracted
Start date 29 Apr, 2022
End date 30 Jun, 2025
Contract date 29 Apr, 2022
View in UMIS

Beneficiary

Financial information

Total cost 166,311.36
Grant 124,733.52
Self finance 41,577.84
Total paid 0.00
EU participation percent 90.0%

Location