Implementation of new generation modern equipment to improve the production capacity of "Cimcoop Holding" Ltd.

"Cimcoop Holding" Ltd is a high tech developing company that is established on the international market and has proven its stability and capacity over the years. The challenges facing the company are to expand its market position, to increase its production capacity, to assimilate new processes and to improve its products. Currently Cimcoop produces spherical and aspherical lenses for the infrared and visible light spectrum using CNC technologies. The natural development of the company is precisely in the direction of increasing the volumes of production of aspheric optical components, which will provide higher levels of profits and the possibility of "Cimcoop Holding" Ltd to be more competitive on the world market, since this type of optics is the new generation and is more complicated. The purchase and implementation of the new equipment in the production of "Cimcoop Holding" Ltd. is a Ultra-precision Diamond turning lathe and a Profilometer for measuring aspherical surfaces is vital to its competitiveness and development, because it will allow to learn new processes and to improve the firm's products. Not every company can afford such a major investment, but "Cimcoop Holding" Ltd has the necessary infrastructure, equipment, experience and customer base to utilize the capacity and the advantages of such a serious investment. The activities of delivery, testing and commissioning of these new generation machines will lead to improvement of the competitiveness of the company. It will increase the market share of the company and will be instrumental for learning of new processes, increase of revenues from sales and profitability of the business as a whole. The positive effect will be felt in increased efficiency, reduction of raw materials used in production and reduction of the production time per unit.

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Overview

Status Closed (completion date)
Start date 09 Feb, 2016
End date 14 Jul, 2017
Contract date 09 Feb, 2016
View in UMIS

Financial information

Total cost 1,048,606.92
Grant 734,024.85
Self finance 314,582.07
Total paid 711,760.00
EU participation percent 85.0%

Location