Expanding the competitive advantages of Poligroup Ltd. through introduction of new equipment

In the context of dynamic market environment and increasing competition, Poligroup Ltd. is facing certain problems and limitations, including the inability to respond adequately to the growing demand for products from secondary material, difficulty to expand the supply of products with large market potential, insufficient capacity, problems with quality, high production costs. In order to resolve these problems, within the project a new line for three-layer extrusion is planned to be supplied, with structure and functions specially designed for production of foil sleeves from secondary material with smaller sizes up to 3500 mm. The execution of the planned project activities, aimed at improving the production processes of the enterprise and its resource efficiency and efficacy, will contribute to increase by 25% the capacity of the enterprise. This will extend the possibility of Poligroup Ltd. to expand the production and supply of strategic product categories, including high quality products from recycled material, mainly garbage bags in their different varieties, stretch hood and other items with large market potential. Thus the identified consumer demand will be satisfied, the sales revenue increased, the competitive advantages expanded, and the market positions of the company will be strenghtened on national level and mostly on the external markets with focus on the EU countries.

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Overview

Status Closed (completion date)
Start date 23 Dec, 2015
End date 27 Dec, 2016
Contract date 23 Dec, 2015
View in UMIS

Beneficiary

Financial information

Total cost 1,663,000.00
Grant 997,800.00
Self finance 665,200.00
Total paid 997,473.30
EU participation percent 85.0%

Location