Improving the production capacity of BRANI-90 Ltd

BRANI-90 Ltd is a small enterprise specialized in the production of of cardboard tubes, cones, bark for eggs, seals for packaging and rollers with different diameters and lengths for spinning and weaving industry. Production is carried out based on the individual specifications of customers that accurately comply with the measures, necessary strength, properties of rotation and all other parameters related to quality. This project proposal of the applicant BRANI-90 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 Technological line for processing of secondary paper and manufacture of articles of cast cardboard totaling 920 000,00 lev without 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 to produce various kinds of products from cast cardboard 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 23 Apr, 2018
Contract date 20 Jun, 2016
View in UMIS

Beneficiary

Financial information

Total cost 920,000.00
Grant 644,000.00
Self finance 276,000.00
Total paid 644,000.00
EU participation percent 85.0%

Location