"Purchasing a new spring-winding machine to an existing spring-winding factory"

The current project is related to the purchase of a new spiral winding machine to an existing spindle production plant. This project concerns the improvement of work and productivity in a metal springs manufacturing plant. The planned production activities in the company will be fully in line with the quality standards, hygiene, safety and environmental standards of the production process that have been approved at present in the country and in the EU. Therefore, the investor's expectations are that the current project will contribute to raising the economic performance, productivity and competitiveness the spindle production plant. The undertaken activities will support the development and diversification of the economic situation in the area and will create new opportunities for alternative income insurance for the local population. The investment will undoubtedly get a high efficiency with regard to reducing unemployment and creating jobs for local residents. The applicant plans to create four new jobs.

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Overview

Status Terminated (termination date)
Start date 19 Oct, 2020
End date 19 Oct, 2022
Contract date 19 Oct, 2020
View in UMIS

Financial information

Total cost 421,063.60
Grant 210,531.80
Self finance 210,531.80
Total paid 0.00
EU participation percent 85.0%

Location