"Italtech" Ltd. is a small company, founded in 1998, in Yambol, with main activity "Machining of metal" (EAC 25.62). The company manufactures parts for agricultural machinery, components for hydraulic cylinders, special parts for military equipment and shipping, details for turbines and highly technical equipment. In line with its production and investment program, the company is willing to expand capacity, to reduce the prime cost of products, by optimizing production costs and improve product quality. Following its marketing strategy, the company aims to expand its range of products and the position of the national and foreign markets. Increasing demands of major customers of the company to product quality, to time and technological capabilities for the production of various items, require inclusion in the production process of a new vertical machining center and two lathes with CNC. Through the provision of investment support for the purchase of such machines will increase the production capacity of the company and boost its export potential. As a result of the investment, in the next 5 years will be able to create new 4 workplaces, will increase production volumes by 180%, productivity will increase by 39%, will increase cost efficiency by 17%. Will be reduce total cost of the products by 25%. The project will contribute to increase the net sales of the company by an average of 36% annually. Will increase the export potential of the company with 13% as well, as expected an increase over 86% of the export revenue.
Overview
| Status | Closed (completion date) |
|---|---|
| Start date | 20 Jun, 2016 |
| End date | 07 Nov, 2017 |
| Contract date | 20 Jun, 2016 |
Programme
Beneficiary
Financial information
| Total cost | 470,000.00 |
|---|---|
| Grant | 329,000.00 |
| Self finance | 141,000.00 |
| Total paid | 319,450.40 |
| EU participation percent | 85.0% |
Location