Technological modernization of the company Mashproekt-94 Ltd.

This current proposal is related to the technological modernization of Mashproekt-94Ltd by the purchasing of four metal processing machines. Currently the company carries out its production activities with universal machines. In 2009 the company acquired through a PHARE project five new machines: a cylindrical grinding machine, a lathe, a radial machine, a drill and a cutting machine. In 2012 a laser cutting machine for sheet material was purchased with a grant No 3TMM-02-86/20 10 2011. Due to the purchasing of the machines, acquired through the implementation of these two projects, the technological potential of the company has significantly increased. All profit is invested in the new equipment. A specific area, hindering the further increase of the efficiency in the production process, is the lack of equipment for processing of large dimensioned parts: a vertical milling center; a hydraulic bend press for sheet bending; an insufficient capacity for processing of large dimensioned parts on a lathe as well as a sharper for making slots and grooves. The company’s management estimates that without the introduction of new machinery for milling, bending, turning and making slots, there is no prospect for effective development. In the moment, these operations are executed by cooperation with external partners, which is associated with significant costs for those external services. The quality is poor. Based on the analysis of the technological equipment and the prospects for further development, the management of Mashproekt 94 determined that it will be cost effective to invest in the purchasing of the aforementioned machine tools. The investment is directly linked to the specific purpose of Investment priority 2.2 “Capacity for growth of small and medium-sized enterprises” and will help increase production capacity and enhance the export potential of Mashproekt-94Ltd.

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Overview

Status Closed (completion date)
Start date 09 Feb, 2016
End date 22 Mar, 2017
Contract date 09 Feb, 2016
View in UMIS

Financial information

Total cost 607,646.00
Grant 425,352.20
Self finance 182,293.80
Total paid 391,159.99
EU participation percent 85.0%

Location