IMPROVEMENT AND INCREASING OF THE PRODUCTION CAPACITY OF ARTEMIS LTD. AIMING TO ACHIEVE SUSTAINABLE AND COMPETITIVE DEVELOPMENT OF THE ENTERPRISE

"ARTEMIS" Ltd. was founded in 2005 for the production of aluminum metal caps. Currently, "ARTEMIS" Ltd. is one of the market leaders of producers of aluminum metal caps in Bulgaria, as from the date of its establishment until today, the company operates successfully and achieves high output, and is positioned as one of the leading companies in this industry. The main products manufactured by "ARTEMIS" aluminum screw caps for high - spirits, wine, oil, olive oil, water and vinegar. The main activities planned for the realization of this project are investments in tangible assets related to the expansion of capacity of existing business object, and include the following activities:   - Improving production processes; - Adding new features or improve existing products and services; - Introduction of new technologies to improve resource efficiency and effectiveness in the production process. In connection with the implementation of the above project activities planned to purchase equipment for the project includes investments in tangible fixed assets as follows: Purchase and commissioning of "Automated line for side print for aluminum screw caps." This project will have long term positive effect on the competitiveness of the enterprise and improve its market position relative to competitors on the basis of new technological equipment purchased. After the project is expected to achieve the following results: - Internal rate of return - 19,8997%; - Increased productivity - 15,2641%; - Amendment of the average revenue generated from exports as a result of the investment project - 188,2100%;   - Increasing the efficiency of production costs - 16,0071%.

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Overview

Status Closed (completion date)
Start date 20 Jun, 2016
End date 24 Apr, 2017
Contract date 20 Jun, 2016
View in UMIS

Beneficiary

Financial information

Total cost 1,666,666.00
Grant 999,999.60
Self finance 666,666.40
Total paid 999,820.30
EU participation percent 85.0%

Location