Optimization of the production cycle and extension of the production scope with new products of Phoenix Stone Works Ltd.

Phoenix Stone Works Ltd. produces articles of natural stone–limestone from Vratza region, marble, travertine, gneiss for building purposes-interior and exterior design. Our brand is well known nationwide and worldwide. The company has been founded 10 years ago with the idea to offer high quality products of natural stone. The unique products date back to the 60-ties of the last century, because the company has a long tradition in producing natural stone articles. Phoenix Stone Works Ltd. exports its production in different countries such as USA, the Caribbean Islands, the EU and the Middle East and competes with companies all over the world. Some of them have a very high financial potential and technological advantages. The development of the enterprise is subject to a constant synchronizing with the world producers in the industry and the management has identified a necessity of technological innovation, to respond on the demand and to reach the level of its competitors.The main barrier to the development of the company is the lack of new, energy saving and automatized technological equipment. The management predicts to overcome this limitation with the purchase of 1 CNC BRIDGE SAW, 2 CNC ROUTERS, 1 MULTI DISCK CUTTING MACHINE, 1 FILTER PRESS, 1 VACUUM LIFTER. The company will achieve higher production volume, because of the equipment which has main functions programmed for processing of the raw materials. This will reduce the production time. The project will be implemented in the premises of the enterprise and will contribute for the significant increase of the production capacity and enhancement of the export potential. It will also improve the economic activity, the competitiveness and the future prospects of the company, and not the least the environmental protection.

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Overview

Status Closed (completion date)
Start date 23 Dec, 2015
End date 11 Jan, 2017
Contract date 23 Dec, 2015
View in UMIS

Financial information

Total cost 451,000.00
Grant 202,950.00
Self finance 248,050.00
Total paid 202,857.47
EU participation percent 85.0%

Location