Improvement of the production capacity of „Food Machinery International“ Ltd

The project provides for the purchase and commissioning of high-tech production equipment - 5-axis milling machine with CNC designed for coarse and fine processing of complex parts from metal and plastics with applications in military and food industry. The machine combines three manufacturing operations typically performed by separate machines - milling machine, lathe and grinding machine, which significantly increases the accuracy and efficiency of work, shortens the deadlines for production and reduces the risk of human error in the relocation of processed elements at the various machines. From manufacturing perspective the envisaged commissioning of the new equipment will lead to: increase in production capacity; improvement in production processes through increased automation and diversification of the product range by expanding the technological capabilities of the company for the production of complex components; reduction of the energy consumption per unit of production and increase in the overall resource efficiency and effectiveness. From marketing and financial point of view the deployment of the new equipment will contribute to: reducing the cost of production; diversification of the product range and expanding the customer base of the company; would allow for a gradual increase in exports of products, increase in sales revenue and overall increase in profitability. In ecological terms the new equipment will contribute to the efficient and economical use of the materials, will increase the overall efficiency and resource efficiency, and will thus will contribute to environmental protection. The implementation of the project will improve the company's overall activities in technological, financial, economic and environmental terms, which will lead to a lasting trend of increasing sales revenue, profit and profitability of operations, which will ensure a sustainable increase in its competitiveness.

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Overview

Status Closed (completion date)
Start date 23 Dec, 2015
End date 03 Oct, 2017
Contract date 23 Dec, 2015
View in UMIS

Financial information

Total cost 1,260,000.00
Grant 499,968.00
Self finance 760,032.00
Total paid 479,549.70
EU participation percent 85.0%

Location