Increasing of the production capacity and the export potential in ASL Machgroup Ltd.

The strategy of ASL Machgroup Ltd. for company development is based on technological modernization executed by stages. The first two stages have been realized during the period of year 2008 until the year of 2014. The third stage (year of 2015 until year of 2018) foresees purchasing and putting into operation of new contemporary high tech machines and optimization of the resources and the used raw materials and materials by new technologies and contemporary equipment. The realization of this third stage will be achieved to a significant degree by the execution of the project activity as follows: Activity for diversification of the assortment of company products and services ( by purchasing of CNC horizontal boring and milling machine). As a result of the realization of the project: - the production capacity and the productivity of the labour will increase; - new products will be implemented in the production - module construction for manufacture of varied automatic complexes, assembly machines, automatic lines, manipulators and others; stator frames and bearing housings; -the export will increase; -the quality of the production will improve; -the efficacy will improve and the production process will be optimized; - the resource effectiveness will improve as the expenses for materials and raw materials will decrease by reducing of waste generation. The realization of the project will lead generally to increasing of the competitiveness of ASL Machgroup Ltd. at the European market.

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Overview

Status Closed (completion date)
Start date 09 Feb, 2016
End date 15 Dec, 2016
Contract date 09 Feb, 2016
View in UMIS

Financial information

Total cost 1,004,405.08
Grant 451,982.29
Self finance 552,422.79
Total paid 451,800.00
EU participation percent 85.0%

Location