Technological modernization for enhancing the export potential of “KOSARA-R” Ltd.

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.

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Overview

Status Closed (completion date)
Start date 20 Jun, 2016
End date 10 Nov, 2017
Contract date 20 Jun, 2016
View in UMIS

Beneficiary

Financial information

Total cost 582,800.00
Grant 407,960.00
Self finance 174,840.00
Total paid 407,960.00
EU participation percent 85.0%

Location