Expanding the market positions of CHROM AD through introduction of new technologies in the production process

The successful project completion will contribute to increasing the capacity of the Chrome AD for manufacturing and offering competitive products, by improving production processes, adding new features or improving existing products and by increasing resource efficiency and effectiveness. To achieve this, in response to the identified problems and constraints in the enterprise, the purchasing and commissioning of these machines and installations is envisaged: 1. Excenter press (60 t.) - 3 pcs. 2. Excenter press (100 t.) - 1 pc. 3. Induction brazing machine - 1 pc. 4. Automatic powder coating installation - 1 pc. The commissioning of a planned project equipment will have an overall positive impact on the development and competitiveness of CHROM AD and will contribute to strengthening the company as a reliable manufacturer of cookware, heaters and parts for industry. From a strategic perspective the project will expand the market position of the company internationally and will lead to higher financial and economic results.

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Overview

Status Closed (completion date)
Start date 20 Jun, 2016
End date 22 Nov, 2017
Contract date 20 Jun, 2016
View in UMIS

Beneficiary

Financial information

Total cost 1,310,000.00
Grant 786,000.00
Self finance 524,000.00
Total paid 783,300.00
EU participation percent 85.0%

Location