Investments to improve production capacity and increase exports "RHINO SISTEMS" LTD.

“RHINO SISTEMS” Ltd. is operating in "Production of window frames and other plastic products for construction" and specializes in the production of aluminum and PVC window frames. “RHINO SISTEMS” 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 The company is using physically old and outdated equipment, which is not efficient enough and lead to labor intensive production with high energy and material consumption, and unstable parameters of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 line for production of two-chamber windows. The machine 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 expected results are: improving competitiveness and creating export potential, decreasing production cost and increasing production capacity. The project is directed to the following activities: current products, as well as introduction of new technologies for enhanced resource efficiency and effectiveness in production process.

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Overview

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

Financial information

Total cost 307,069.32
Grant 214,948.52
Self finance 92,120.80
Total paid 201,829.92
EU participation percent 85.0%

Location