DIO ltd incorporates high-tech equipment to expand production capacity for better market positions.

The strategy followed in this project proposal by DIO Ltd. is increasing the production capacity and stimulating the company’s export activity by investing in high-tech equipment: machines for cutting dioptric and sun-protection glasses with a form-following device; a tracer machine facilitating installation, and investment in a specialized production microclimate. The company plans to organize the investments in a new sector in the laboratory – for cutting dioptric and sun-protection plates in specific air conditions to maintain an optimum working environment to produce high-tech optical glass (dioptric and sun-protection) and prepare and send to the end client a completely ready, high-quality product – sunglasses. This will allow DIO Ltd. to ensure better production quality, resources, efficiency and completion of the production process. The envisaged investments aim to ensure better positioning on the internal and export markets, which creates the pressing need of upgrading the existing fixed tangible assets. With the new machine functionalities, the company will be able to not only increase its production volumes, but also receive and fulfill any special individual order, with minimum scrap glass quantities and low costs of the labour and time resources. All this will increase the company’s export potential, as quality and the diverse product range are key drivers of customer behavior. By implementing the project aimed at increasing effectiveness and productivity and reducing activities that take up huge resources by the use of modern and precise cutting and installation machines, the company will manage to cover all orders received for glass production, even for glasses with complex geometric forms, facets and precise openings, which are not possible to produce with the currently available technological capacity.

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Overview

Status Closed (completion date)
Start date 20 Jun, 2016
End date 22 Dec, 2017
Contract date 20 Jun, 2016
View in UMIS

Beneficiary

Financial information

Total cost 467,990.00
Grant 327,593.00
Self finance 140,397.00
Total paid 327,135.28
EU participation percent 85.0%

Location