Strategy for expansion

International Power Supply (IPS) AD. is the new vision of the well-known company - 2C-Trifonov amp; Co. It was founded in 1989 by highly skilled professionals with main business activities - design, development and production of power supply systems. The company develops its own know-how, with specialization in power supply systems for telecommunications, defence industries and renewable energy sources. IPS e one of the few global providers, offering a full range portfolio of low voltage power supply systems. In 2014 the company won Intersolar 2014 world innovation award for EES (Electrical Energy Storage) for best off-grid system. This is the highest achievement in the area of Renewables. High quality and innovation levels of IPS products are the reason why demand significantly exceeds production capacity. In addition to that the company exports more than 60% of it to over 39 countries. To address this issue, IPS has set the strategic goal to increase production capacity and strengthen it's export potential. As part of this strategy, is the following project with activities in these main directions: 1. Improvement of production processes. 2. Improving of resource efficiency and effectiveness in the production process. Activities will be implemented through the purchase of 30 kinds of specialized equipment. Expected results are to increase export volumes, improve cost efficiency, improve resource utilization and optimize productivity.

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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 448,298.47
Grant 201,734.31
Self finance 246,564.16
Total paid 201,024.00
EU participation percent 85.0%

Location