"Improving the production capacity of MITEV Ltd."

The main activity of MITEV Ltd. is divided into three groups: manufacturing of metal cabinets, manufacturing of metal structures and others (lockers, containers, metal pallets). The main necessities of the company are about increasing the production capacity and export potential. Satisfying both of those is one of the main objectives of the project. Through implementation of the activities stipulated in the project, namely activities for improving production processes and activities for adopting new technologies for improving resource effectiveness and efficacy in the production process it will be able to achieve the general objective of the project. As main results of the implementation of the activities optimization of the production process, adoption of a technology to decrease the use of resources in the production process, increase in the production capacity and strengthening of the export potential of the company are expected. To achieve the results as per the project the purchase of the following long-term material assets: a Fiber Laser Cutting Machine and a Vertical Manufacturing Centre that will be both installed in the company factory in the town of Vratsa is envisaged.

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Overview

Status Closed (completion date)
Start date 23 Dec, 2015
End date 14 Aug, 2017
Contract date 23 Dec, 2015
View in UMIS

Beneficiary

Financial information

Total cost 1,083,000.00
Grant 747,270.00
Self finance 335,730.00
Total paid 747,270.00
EU participation percent 85.0%

Location