"STILPLAST 2002 Ltd. Implements Innovative Energy Efficient Window Systems"

STILPLAST 2002 Ltd. is among the four largest manufacturers of PVC window profiles, doors and windows in Bulgaria. Being a manufacturer with established traditions, proven technologies and experience in implementing innovative practices, the company is well aware that their growth and prosperity depend on customers’ confidence in the firm’s ability to ensure full satisfaction of clients’ expectations with regard to innovation, quality, variety, price, warranty and delivery of products. Due to the large number of companies offering production, delivery and installation of windows on the Bulgarian market and the difficult economic situation in the country and Europe as a whole, STILPLAST 2002 Ltd. is challenged to maintain its market position and remain competitive, adhering to the established principles of work. In order to withstand market realities the company aims to increase its innovative capacity by investing in production of new technological solutions in the industry. With the realization of the hereby project STILPLAST 2002 Ltd. will start production of an innovative energy efficient window systems in the newly opened production facility in Montana and support its commercialization through:  Investment in a fully automatic PVC window profile production line and a compressor station, which will streamline production processes and improve production capacity in terms of the new product  Developing an export strategy that will pave the way to the successful implementation of the company’s new product in foreign markets, its promotion among Bulgarian consumers and recognition of the company as a symbol of quality and bold innovative solutions. The above described positive effects will contribute to increasing innovation and institutional capacity of STILPLAST 2002 Ltd., enriching product assortment and expanding market shares and competitiveness of the company by reaching a larger number of clients in Bulgaria and abroad.

Comments
Leave a comment

Overview

Status Closed (completion date)
Start date 18 Jan, 2017
End date 02 Nov, 2018
Contract date 18 Jan, 2017
View in UMIS

Financial information

Total cost 1,679,800.00
Grant 1,000,000.00
Self finance 679,800.00
Total paid 999,955.00
EU participation percent 85.0%

Location