Increasing production capacity and export potential of Vikis Hidraulics Ltd

This project of "Vikis Hydraulics" Ltd is related to the introduction of high-tech machines which will improve the production structure of the enterprise, the competitiveness and export potential, the market presence and manufacturing process. With the introduction of these machines "Vikis Hydraulics" will achieve automation and optimization and will create conditions for increasing production capacity, expanding the range of manufactured products and strengthen the export capacity of the company. The project include activities that will lead to improved production processes, adding new features or improve existing products, diversification of product range and improve resource efficiency in the production process. Achieving the objectives of the project will contribute to the development of the enterprise. After implementation of the project "Vikis Hydraulics" will become more modern enterprise, which will be competitive to other manufacturers not only in Bulgaria but also in the European Union.

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Overview

Status Closed (completion date)
Start date 09 Feb, 2016
End date 07 Jun, 2017
Contract date 09 Feb, 2016
View in UMIS

Financial information

Total cost 372,998.44
Grant 261,098.91
Self finance 111,899.53
Total paid 260,738.44
EU participation percent 85.0%

Location