Improving the production capacity of ELMAUS KO LTD

ELMAUS KO LTD is a small enterprise specialized in the production of rotary parts, parts with complex shapes (screws, dies, ratchets etc.), Cylindrical and bevel gears. The company fulfills orders of various Bulgarian and foreign companies in machine building, shipbuilding and ship repair. The negotiation process is ongoing and covers the delivery period of 5 weeks to 18 months. The methods and technologies need to provide stable and guaranteed quality at competitive prices for 100% of production notwithstanding its volume. This project proposal of the candidate ELMAUS KO LTD is based to improve production capacity and enhance the export potential of the company through realization of investment in fixed assets with a focus on expanding the capacity of existing business object, namely 5-axis machining center totaling 1040 000,00 lev VAT. Successful realization of the project will help the company to expand the range of products, improve quality and optimize production processes. Technological equipment under the project will increase the capacity of the company for the production of parts with complex shape and enhance its export potential, which will lead to an overall improvement of the competitive advantages at home and abroad. The ability to grant part of the costs for the realization of the investment is a key factor in starting the project and guarantee for achieving the projected results. This proposal fully meets the objectives of the Operational Programme "Innovation and Competitiveness" 2014-2020, ISIS 2014-2020, the Strategy for Development of SMEs in Bulgaria, as well as the objectives of this selection procedure for projects.

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Overview

Status Closed (completion date)
Start date 20 Jun, 2016
End date 18 May, 2017
Contract date 20 Jun, 2016
View in UMIS

Beneficiary

Financial information

Total cost 1,040,000.00
Grant 728,000.00
Self finance 312,000.00
Total paid 725,900.00
EU participation percent 85.0%

Location