Integral investment in metalworking machines towards increased production of parts for hydraulic machine building

Metal In has been manufacturing products from ferrous and non-ferrous metals under customer’s constructive documentation since 2002. After, in the beginning of its activity, the company successfully completed an order for IKEA, nowadays it generates 68% of its production upon orders of companies from Germany, Sweden, Holland, Italy and France. The company manufactures metal elements for medical and electrical equipment, for coffee machines, tubular structures, mechanisms for the furniture industry, bicycle stands,etc. The newest group in the product portfolio are made-to-order details for the hydraulic machine building. By means of this project, the company will enhance its production capacity for this product group in particular. The metal elements are used in complex hydraulic systems which represent products of high added value and are characterized by significant perspectives on international markets. Expanding of capacity will be achieved through activities to improve the manufacturing processes, adding new features to the existing production and introducing new technologies to improve the resource effectiveness. The execution of the activities will complete the real opportunities for the company to expand the business through export of hydraulic elements used in servo drives. Through investment in a line for disk cutting of pipes and bars, powder coating line, cutter for five-axis processing of body parts and hydraulic bending machine with CNC, the company will: - manufacture hydraulic elements of impeccable quality at competitive prices - execute larger in volume orders in short timelines - manufacture more complex details of higher added value As a result of the project Metal In will improve its positions at the Bulgarian and European markets and will penetrate new markets by achieving stable increase of the volume of sales of details for transport and lifting machines, and growth of income from export and profit in the mid and long-term.

Comments
Leave a comment

Overview

Status Closed (completion date)
Start date 23 Dec, 2015
End date 22 Feb, 2017
Contract date 23 Dec, 2015
View in UMIS

Beneficiary

Financial information

Total cost 1,079,200.00
Grant 749,936.08
Self finance 329,263.92
Total paid 749,909.15
EU participation percent 85.0%

Location