"FORS-81" Ltd. is operating in "Mechanical processing of metal" and is specialized in production of metal parts for production of hydraulic cylinders and hydraulic cylinders. "FORS-81" Ltd. needs to address increased customer demand at the limitation of full production capacity utilization, as well as to improve the quality and competitiveness of products, in order to expand its positions on the international markets. The company is using physically old and outdated equipment, which is not efficient enough and lead to labor intensive production with high energy and material consumption, and unstable parameters of production processes. In order for these needs to be met, the project includes the purchase of fixed assets as an entirely new solution: Lathe with 8 "chuck, Lathe with 8" chuck and automatic feeding details, Lathe with 10 "chuck, Lathe with 10" chuck and automatic feeding details, Horizontal Machining Center, Vertical Machining Center - type 1 and Vertical Machining Center - type 2, improve export capabilities and will ensure precise production parameters, which will enhance resource efficiency and effectiveness in production processes, and will decrease cost of production per unit. The expected results are: improving competitiveness and creating export potential, decreasing production cost and increasing production capacity. The project is directed to the following activities: improvement of production processes and current products, as well as introduction of new technologies for enhanced resource efficiency and effectiveness in production process.
Overview
| Status | Closed (completion date) |
|---|---|
| Start date | 20 Jun, 2016 |
| End date | 18 May, 2017 |
| Contract date | 20 Jun, 2016 |
Programme
Beneficiary
Financial information
| Total cost | 1,070,625.00 |
|---|---|
| Grant | 749,437.50 |
| Self finance | 321,187.50 |
| Total paid | 748,899.02 |
| EU participation percent | 85.0% |
Location