Increasing the production capacity of MTM Ltd

The main activity of MTM Ltd is producing cylindrical stoppers for internal-combustion engines and spare parts for metallurgy. Chasing its main objective, namely being a modern, constantly developing, and adequately meeting the requirements of the market company, improving its competitive power and constantly strengthening its export potential, the managing structure of MTM Ltd strives to improve the production processes and resource effectiveness and seeks out the best methods to achieve it. 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, decrease in the use of raw materials in production, increasing of 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 a CNC horizontal centre is envisaged.

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Overview

Status Closed (completion date)
Start date 23 Dec, 2015
End date 22 Feb, 2017
Contract date 23 Dec, 2015
View in UMIS

Beneficiary

Financial information

Total cost 1,660,000.00
Grant 996,000.00
Self finance 664,000.00
Total paid 995,040.00
EU participation percent 85.0%

Location