The Company "STAD" Ltd was established in 2004. The core activities of the company include the machining of metal products. The finished products from the manufacturing process are represented by drawn wire / wirerod (steel bars) in custom-made lengths and diameter. Over 90% of the production is made for export purposes. STAD's major customers are companies from the North of Greece. The company is a distinguished, fast-growing enterprise in the metal-processing branch of industry. The establishment of the company as a reliable and decent partner has brought about an annual increase of the output in finished products, significant part of which is exported. This development has also raised the issue of providing adequate production capacity and optimizing the production to satisfy the demand. The main objective of this project shall be to improve the production capacity by investing in new, high-tech reliable equipment, related to the core business of STAD Ltd. Through the implementation of this project, the company shall ensure adequate capacity to meet the demand for the Company's products by the domestic and foreign markets, as well as seek opportunities to enter new markets, the EU market in particular. The project is comprised within the category of "Expanding the capacity of an existing business establishment". The projected investments in material assets are directly related to: 1. Activities to improve production processes; 2. Activities to improve and compliment the existing products' specifications with new characteristics; 3. Activities for the implementation of new technologies to improve resource efficiency and production yields.
Overview
| Status | Closed (completion date) |
|---|---|
| Start date | 20 Jun, 2016 |
| End date | 26 Sep, 2017 |
| Contract date | 20 Jun, 2016 |
Programme
Beneficiary
Financial information
| Total cost | 1,713,893.83 |
|---|---|
| Grant | 749,999.94 |
| Self finance | 963,893.89 |
| Total paid | 749,999.94 |
| EU participation percent | 85.0% |
Location