Improving bending capacity of Moni-83 to stimulate growth and development of export potential

The main restrictions Moni-83 faces entail from our inability to take advantage of the enhanced demand for our products on the metal works market and to meet the high requirements of our clients in terms of production time, quality, precision and complexity of the products. To overcome these weaknesses we need to enhance our production capacity by purchasing an electro-hydraulic metal sheet bending machine and a tube bending machine. After their purchase we will improve the production process. The bending process will change from electro-hydraulic driven to full automatisation, thus providing for continuity, optimization and high effectiveness of the whole production process. The production capacity of the company will rise by 200%, productivity will grow by about 130%, time per unit production will be reduced by an average of 75%. The production volume will increase by an average of about 72 % for three years after project completion. We will achieve improvement of product quality. The new machines’ technological characteristics will enable high precision of the bending of details, production of long series with identical high quality, production of more complex details. We will launch the production and marketing of new varieties and patterns in each of our product groups, thus being able to meet the modern requirements for vision, design and functionality . The full automation of bending will lead to increase of the resource efficiency and effectiveness through reduction the raw materials used and the consumption of electricity per unit of product. The cost per unit of product will be reduced by 14%. The above described will enable us to increase sales, exports and market share. We expect our revenues from sales to increase on average by 60 % for three years after project implementation. We forecast that exports will increase 5 times after the project completion and our share of the domestic market will rise by 10-15%.

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Overview

Status Closed (completion date)
Start date 23 Dec, 2015
End date 18 Oct, 2016
Contract date 23 Dec, 2015
View in UMIS

Beneficiary

Financial information

Total cost 1,070,000.00
Grant 749,000.00
Self finance 321,000.00
Total paid 743,370.26
EU participation percent 85.0%

Location