INOX LTD. was established in 2002 in the town of Razgrad The Company is the successor of the entity "SD Dimitrov- Rashkov", established back in 1992. The core business of the company is related to the development of custom-made metal products from stainless, galvanized and black (annealed) steel, designed and constructed for the pharmaceutical, cosmetic, mining, chemical, food industry, agriculture, in the energy and heavy industry. Some of the company's finished products are the following: thermal equipment; blenders; stainless steel containers/tanks of different capacity; conveyor dryers; auxiliary equipment for pharmaceutical production; transportation systems; vacuum receivers; shipbuilding elements/components. Major customers of INOX LTD are Biovet, Amilum-Bulgaria EAD, Kaolin S.A., Ideal Standard Vidima S.A., Antibiotic S.A., Nestle Bulgaria S.A., Troyan Pharma S.A. and other large companies. The major issues before INOX LTD. have been related to the company's insufficient production capacity, as well as incapacity to emerge on foreign markets due to the low quality of production. The present project provides for investments in equipment, representing new technologies to improve resource efficiency and effectiveness in the production process. The machinery to be purchased with the aid of this project will help: expand the production capacity, increase the quality of production, establish export potential for Inox LTD. All investments, provided for in this project will be made to expand the capacity of the existing business facility - the main production site of the Applicant in the town of Razgrad.
Overview
| Status | Closed (completion date) |
|---|---|
| Start date | 20 Jun, 2016 |
| End date | 19 Jun, 2017 |
| Contract date | 20 Jun, 2016 |
Programme
Beneficiary
Financial information
| Total cost | 372,550.40 |
|---|---|
| Grant | 260,785.28 |
| Self finance | 111,765.12 |
| Total paid | 259,700.00 |
| EU participation percent | 85.0% |
Location