This project aims at building, equipping and commissioning a distillery for essential oils meeting European quality requirements for production. Within the framework of the common European market and in view of the full membership of Bulgaria in the European Union for Apis Agro 98 Ltd. it is essential to achieve a high quality end product at low cost of production allowing for high market competitiveness. To achieve the abovementioned objective, Apis Agro 98 Ltd. intends to apply with the current project for construction, equipment and commissioning of an installation for distillation of essential oils under Sub-measure 4.2 "Investment in processing / marketing of agricultural products" by the Program for Development of rural areas 2014-2020 The investment project was developed on the basis of an analysis of the essential oils market and taking into account: Increased demand for essential oils over the last few years; Modern technologies for the distillation of essential oils; Existing competition. Through the implementation of the project will ensure high labor productivity and production of quality ready-made production of essential oils, meeting the requirements of the EU. By processing their own raw materials and making preliminary contacts with suppliers and customers, they will ensure long-term maintenance of the production load and will ensure the sustainability of the current investment. The company has serious intentions and is in the process of developing new markets in Europe. For the successful implementation of the trade policy of Apis Agro 98 Ltd., there is work and will continue to work after the realization of the project.
Overview
Status | Contracted |
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Start date | 24 Oct, 2019 |
End date | 24 Oct, 2022 |
Contract date | 24 Oct, 2019 |
Programme
Beneficiary
Financial information
Total cost | 3,017,994.56 |
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Grant | 1,508,997.24 |
Self finance | 1,508,997.32 |
Total paid | 0.00 |
EU participation percent | 75.0% |
Location