Increasing production capacity Jorg 2915 Ltd

The company was established in 1998. from Vihren Yorgov by ET Jorg 2915 - Vihren Yorgov, whose main activity is the production of socks. In 2004. was created "Jorg 2915" Ltd., which buys ET Jorg 2915- Vihren Yorgov. Over the past 15 years, the company is one of the leading manufacturers of socks in Bulgaria. Counting on quality and flexibility towards achieving business success, the company establishes close relationships with major international companies from France, Germany, Great Britain, Denmark and Switzerland. “Jorg 2915” is using only high quality yarn from Italy, Turkey, Spain, Germany in order to secure a competitive advantages in international markets. The company's products are certified by OEKO-TEX STANDART 100 CERTIFICATE N 08.HBG.64109. “Jorg 2915” Ltd. needs to purchase additional knitting machines for the production of socks – 20 pieces; knitting machine for the production of socks with 144 needles -3 pieces; knitting machine for the production of socks with 156 needles - 5 pieces; knitting machine for the production of socks with 168 needles - 6 pieces; knitting machine for the production of socks with 200 needles – 6 pieces in order to expand and increase demand for manufactured company’s products. The project investment will take place on the territory of the company’s production base in Rousse. Productivity will increase by 16%, expected export revenues will increase by 26% within three years of completion of the project activities, efficiency will increase to 23%, when introduced the new equipment. It is expected opening of new jobs. The expected results of the project implementation are: to improve quality of manufactured products; consolidating current markets and entering new ones; cost reduction of production; to increase the resource efficiency of the production process.

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Overview

Status Closed (completion date)
Start date 23 Dec, 2015
End date 25 Jul, 2017
Contract date 23 Dec, 2015
View in UMIS

Beneficiary

Financial information

Total cost 841,006.91
Grant 504,604.14
Self finance 336,402.77
Total paid 504,604.14
EU participation percent 85.0%

Location