Investments to improve production capacity and increase exports " KINTRADE " LTD.

“KINTRADE” Ltd. is operating in “Manufacture of plates, sheets, tubes and profiles of plastics ” and is specialized in production of sheets and plastic packaging - foil of foam and bubble sheet, including for packaging and clean preservation of traditional Bulgarian food products, nutrition substances, cosmetic and other products. “KINTRADE” Ltd. needs to address increased customer demand at the limitation of full production capacity utilization, as well as to improve the quality and competitiveness of products, in order to expand its positions on the international markets. The company is using physically old and outdated equipment, which is not efficient enough and lead to labor intensive production with high energy and material consumption, and unstable parameters of production processes. In order for these needs to be met, the project includes the purchase of fixed assets as an entirely new solution: one cast mono-extrusion line for the production of air-bubble. The one cast mono-extrusion line for the production of air-bubble will increase production capacity, improve export capabilities and will ensure precise production parameters, which will enhance resource efficiency and effectiveness in production processes, and will decrease cost of production per unit. The company is in the range of eligible target group with a project in ISSS thematic field “Industry for healthy life and biotechnologies” and activities for adopting new technologies for improving resource efficiency and effectiveness in production processes. The expected results are: improving competitiveness and creating export potential, decreasing production cost and increasing production capacity. The project is directed to the following activities: improvement of production processes and current products, as well as introduction of new technologies for enhanced resource efficiency and effectiveness in production process.

Comments
Leave a comment

Overview

Status Closed (completion date)
Start date 20 Jun, 2016
End date 11 Sep, 2017
Contract date 20 Jun, 2016
View in UMIS

Beneficiary

Financial information

Total cost 778,127.00
Grant 544,688.90
Self finance 233,438.10
Total paid 541,334.63
EU participation percent 85.0%

Location