“ITD SYSTEMS” Ltd. is operating in “Mechanical processing of metal” and is specialized in production of metalware – metal poles and metal illumination units, both with direct utilization in sports and recreational sites and facilities. “ITD SYSTEMS” 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 The company is using physically old and outdated equipment, which is not efficient enough and lead to labor intensive production with high energy and material consumption, and unstable parameters of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, Metal sheet cutting machine, Plasma cutting machine and Electrohydraulic abkant. The new equipment will increase 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 “New technologies in creative and recreational industry” 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.
Overview
Status | Closed (completion date) |
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Start date | 23 Dec, 2015 |
End date | 17 Jan, 2018 |
Contract date | 23 Dec, 2015 |
Programme
Beneficiary
Financial information
Total cost | 322,547.00 |
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Grant | 225,782.90 |
Self finance | 96,764.10 |
Total paid | 225,330.00 |
EU participation percent | 85.0% |
Location