Increasing the capacity and export potential "NEDI - STIL" LTD.

"NEDI - STIL" LTD was founded in 1994 in Dobrich. Initially, the company started its business as a trader of shoes for the local and regional market. From 1996 it began to produce shoes for different brands. Products of the company are men, women and children, shoes, boots, slippers, etc, mainly made of natural materials. With proven quality during our cooperation with partners from Italy and Germany the company gathers not only experience, but confidancethat we can produce competitive and quality shoes for the European market. Our mission is focused on producing high quality and aesthetic shoes with the most modern highly productive manufacturing equipment, allowing excellent efficiency and effectiveness. The company hascreated its own brand NED'S, which realizes an internal market with the help of distributors throughout the country, as well as in EU countries. The need for project activities is driven by the vision of "NEDI - STIL" LTD thoroughly improve its capacity as a Bulgarian manufacturer of shoes at national and international market, increasing their productivity and quality through the introduction of high-tech equipment, optimization of business processes, reduce of wastage by avoiding manual operations and shorten the processing time for basic operations. Purchasing and putting into operation the new equipment will also reduce the energy intensity of the manufacturing process, as the machines set to buy within the project proposal, are the new generation of low energy consumption. Thus "NEDI - STIL" LTD will be able to maintain and expand their positions, strengthening its position as a strong Bulgarian producer in the EU and outside the EU through flexible market behavior, offering competitive ratio of price, quality and time for execution.

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Overview

Status Closed (completion date)
Start date 23 Dec, 2015
End date 13 Mar, 2017
Contract date 23 Dec, 2015
View in UMIS

Beneficiary

Financial information

Total cost 1,662,800.00
Grant 997,680.00
Self finance 665,120.00
Total paid 990,828.00
EU participation percent 85.0%

Location