For 17 years the company "Magma pack" Ltd. operates and gaining experience in the production of paper bags and packaging. The technological level of production is highly important for the external market, where "Magma pack" Ltd. mainly operates. In order to maintain our market position and increase the competitiveness of the company arises the need to expand production capacity. The project realization will allow the company to launch a new production activity, which has so far outsourced to companies contractors because of lack of machines allowing production activities. Following the purchase of machinery provided for in the project "Magma pack" Ltd. will expand production, which will lead to lower cost of manufactured products due to the inclusion of production exported in internal corporate production activities. Lower production costs will allow lower selling price, which leads to higher competitiveness with any of the company's products, both domestic and external markets. On the other hand new production capacities will increase the production capacity of the company and will enable production, respectively and the realization of greater amounts of produce. High-tech machines will provide significantly higher quality output.
Overview
| Status | Closed (completion date) |
|---|---|
| Start date | 23 Dec, 2015 |
| End date | 31 Mar, 2017 |
| Contract date | 23 Dec, 2015 |
Programme
Beneficiary
Financial information
| Total cost | 2,596,550.00 |
|---|---|
| Grant | 908,792.49 |
| Self finance | 1,687,757.51 |
| Total paid | 858,821.07 |
| EU participation percent | 85.0% |
Location