For the manufacturing of furniture and after the procedures for selection of contractor, according to Decree of Council of Ministers 118/2014, new high woodworking machines and equipment, capable of processing all types of wood and produce more precise details, will be purchased. The purchase of these facilities is essential to the overall increase in production capacity of the company, reducing the production waste and technological time for manufacturing of one product, reducing the total energy consumption and increasing resource effectiveness and efficiency of the production process, optimization of processes in production, reducing heavy manual labor and improving the quality of end products. The new machines will allow "RICO STYLE" Ltd. to produce cost-effective, higher-quality products, made by more sophisticated and modern details, giving a better aesthetic appearance of the finished products. At the same time, the implementation of new equipment contributes to sustainable market positioning of the company, through utilization of opportunities, export potential and expand market presence in middle and high price segment. Through the implementation of the planned activities in this project, "RICO STYLE" Ltd. will achieve a comprehensive positive impact on the overall production activities and will satisfy the identified basic needs of the enterprise.
Overview
| Status | Closed (completion date) |
|---|---|
| Start date | 23 Dec, 2015 |
| End date | 29 Dec, 2016 |
| Contract date | 23 Dec, 2015 |
Programme
Beneficiary
Financial information
| Total cost | 1,160,867.00 |
|---|---|
| Grant | 693,734.12 |
| Self finance | 467,132.88 |
| Total paid | 693,458.02 |
| EU participation percent | 85.0% |
Location