Higher productive capacity and export income in "Superfinish 2000" ltd

"Superfinish 2000" ltd is a manufacture of cosmetics and perfume products. The variety of products include: shampoos, balsams, white cosmetic products, deodorants, shower-gels, hair masks, hair styling products, liquid soaps, etc. The manufacturing process is possible because of the company equipment of: 3 reactors that produce different type of products, 3 semi automatic filling machines, 3 compressors, and 1 jet printer. There is a lack of manufacturing equipment for white cosmetic products (face cream, body lotion, etc.). This is the reason why these types of products have to be manufactured by external competitor companies with our raw materials. The project will provide for equipment, as follows: higher class manufacturing equipment for cosmetics washing products, facial paper masks manufacturing and packing machine, water processing equipment, solar installation, and manufacturing equipment for white cosmetics products that includes- automatic filling and labeling line, and filling and closing tube line. With the current equipment "Superfinish 2000" ltd can manufacture small size orders.The company faces difficulties, when there are large size orders. The consequence is loss of clients. Manufacturing large size series orders of white cosmetics products is almost impossible. If “Superfinish 2000”ltd obtains higher efficiency equipment for manufacturing, the manufacturing capacity of the company will increase. This will benefit for higher labor productivity, higher quality of the products and new opportunities to certify new products. Export will increase. Water and energy expenses for one product will decrease. Owning white cosmetic manufacturing equipment will end the company dependence from external services and will give the opportunity to accept large size series orders. The variation of products that the company manufacture will increase. The current equipment will remain and will be used mainly for developing of new products and for small size orders.

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Overview

Status Closed (completion date)
Start date 09 Feb, 2016
End date 19 Jun, 2017
Contract date 09 Feb, 2016
View in UMIS

Financial information

Total cost 335,348.73
Grant 234,744.11
Self finance 100,604.62
Total paid 227,422.98
EU participation percent 85.0%

Location

Graf-Ignatievo