Extension of the production capacity of PHILPLAST LTD and production optimization

The purpose of the investment under this project is the purchase of: -3-coordinate measuring machine; -3+2-axis cutter; -Two injection molding machines; -Central system for supplying plastic material to 3 machines; -Software system for design and manufacture of molds and electrodes. Realization of this investment will contribute to solving serious problems related directly to the production process in the enterprise: -Amortized equipment which creates problems with the ready production quality and restricts its realization; -Great energy and repair expenses as a result of the amortized equipment used; -Great expenses for manual labour due to the lack of more precise machines covering the full production cycle; -Necessity of optimization and precision of cutting-up, bending and preparation of blanks and workpieces; -Necessity of expanding the production capacity and offering new products; -Necessity of faster and more detailed measuring and testing the products; The expected results of the implementation of this investment project is expansion of the product range produced, reduction of the production cost and production expenses, decreasing the process of completion of the products, increasing quality of the production manufactured, reduction of the energy expenses with positive effects on environmental protection, expansion of the company market positions, extension of the production capacity and reduction of the manual measurement and preparation details. As a result of the investment made, the following new products are envisaged: parts and molds, requiring 5-axis metalworking, small plastic injection molded parts from technical plastics, measurement of manufactured parts and the provision of inspection protocols for customers of plastic and metal parts.

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Overview

Status Closed (completion date)
Start date 23 Dec, 2015
End date 31 Mar, 2017
Contract date 23 Dec, 2015
View in UMIS

Beneficiary

Financial information

Total cost 1,291,571.10
Grant 774,942.66
Self finance 516,628.44
Total paid 774,300.00
EU participation percent 85.0%

Location