Improving the production capacity of Cherkezov Ltd.

Cherkezov LTD was founded in 2005. Its main subject of activity is production of items from marbles, limestone and granite. The production of Cherkezov LTD is destined for the Bulgarian and the international markets. The equipment in the premises of the enterprise is due to the long-standing efforts of the management for extending the business. The company is importer of marbles from Greece and Macedonia, of granite from Italy and travertine from Greece and Turkey. Slightly more than fifty five percent of the production is exported. The main external markets are in Greece, Italy, Macedonia, Germany, Lithuania, Hungary. The most important problem identified impeding the development of the company is the lack of modern, innovative, energy efficient and automatized technological equipment, which will increase the production capacity, optimize the production process, enhance the resource effectiveness, improve the products quality and produce new articles. In order to offer a longer list of articles while reducing the production costs, the company has to improve its technological equipment. As a result of the implementation of this project in the production cycle will be put in place modern automatized and energy efficient equipment - Gang-saw with a rope to form blocks, slabs cutting and profiling details of marble, granite and limestone and 5-axis bridge buffing machine for cutting marble, granite, limestone and engineered stone. This will enhance the resource effectiveness, because the machines have software for programming its functions, which reduces the time for making the items and the level of production wastes. The project is going to be implemented in the premises of the enterprise. The increase of the capacity and enhancing the export potential will lead to lasting raise of the net revenues from sales. It will increase permanently the financial status of the company and strengthen the market positions of the company in the country and abroad.

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Overview

Status Closed (completion date)
Start date 23 Dec, 2015
End date 16 Jan, 2017
Contract date 23 Dec, 2015
View in UMIS

Beneficiary

Financial information

Total cost 550,000.00
Grant 247,500.00
Self finance 302,500.00
Total paid 247,500.00
EU participation percent 85.0%

Location