The company “KOSARA-R” Ltd. was established in 1997 in the town of Smolyan. Over its long presence on the Bulgarian market, “KOSARA-R” Ltd. reinforced its positions and built the reputation of a trustworthy partner for its clients. Currently, almost 90% of the company’s production is focused on the Bulgarian market and only 10% is intended for the European one. The weak presence on EU markets is due to two reasons: -lack of production capacity; -morally and physically obsolete technical base, preventing the taking of bigger and more complex orders, which foreign clients make; In view of the company’s stable positions on the Bulgarian market, the management’s current vision and project objective is entering and establishing long-standing positions on the European market. The specific tool to reach this objective is investing in specialized sewing equipment that will lead to the following results for “KOSARA-R” Ltd.: ~full automation and optimization of the production process; ~increasing productivity due to the elimination of manual labour; ~increasing production capacity by 31%; ~diversifying the product portfolio; ~enhancing the quality of the final products; ~more effective utilization of the materials and raw materials used in the production; ~shortening production time; ~possibility for producing complex clothing models with higher added value; ~closing the production cycle and excluding the possibility for hiring subcontractors; ~opening possibilities for permanent entering export markets and reinforcing market positions in Bulgaria. The implementation of the above results would allow “KOSARA-R” Ltd. to offer, both in Bulgaria and abroad, higher-quality production within short deadlines.
Overview
Status | Closed (completion date) |
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Start date | 20 Jun, 2016 |
End date | 10 Nov, 2017 |
Contract date | 20 Jun, 2016 |
Programme
Beneficiary
Financial information
Total cost | 582,800.00 |
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Grant | 407,960.00 |
Self finance | 174,840.00 |
Total paid | 407,960.00 |
EU participation percent | 85.0% |
Location