The investment aims to purchase high-tech machines for the production of synthetic fiber ropes and cords with which the company will modernize and expand its production facilities located in the town of Shivachevo, Tvarditsa Municipality. The implementation of the investment project aims at a general modernization of the existing production, currently operates rental machines that are over 10 years old, with low productivity, highly depreciated and not efficient enough. With the launch of the new machines, the company will expand its product range, modernize its production, significantly increase the quantity and quality of its production and significantly improve its competitiveness. With the purchase of the new production machines, the company of Balkan Ropes Ltd will get a vision of a modern production of European type, working with high-performance machines producing ropes of proven quality.
Overview
| Status | Contracted |
|---|---|
| Start date | 09 Oct, 2020 |
| End date | 09 Oct, 2022 |
| Contract date | 09 Oct, 2020 |
Programme
Beneficiary
Financial information
| Total cost | 756,340.00 |
|---|---|
| Grant | 378,170.00 |
| Self finance | 378,170.00 |
| Total paid | 0.00 |
| EU participation percent | 85.0% |
Location