"Improvement of the production capacity in "ZMM-VRATSA" AD"

“ZMM-VRATSA” AD is a company founded in 1964 and is an established producer of metal cutting machines – universal and specialized lathes, lathes with CPU, shaping-machines and flat lapping machines. Company’s production is highly export-oriented and is realized in over 60 countries worldwide. The expansion of market positions and competitiveness increase in external markets characterized by high intensity of competitive struggle, require constant improvement of production process in order to meet the current trends in production in the industry, the dynamics in the development of consumer demand and the regulatory conditioned requirements to end products. In view of this, the realization of this project is envisaged with the main objective of increasing production capacity and export potential of “ZMM-VRATSA” AD. The project will be realized through implementation of the following set of activities eligible under this procedure for: 1) improvement of production processes; 2) adding of new features or improvement of existing products; 3) variegation of companies’ range of products; 4) introduction of new technologies to improve resource efficiency and production process effectiveness, which represents an investment in tangible fixed asset – horizontal machining center, associated with the expansion of the capacity of the existing establishment. Project activities and the results expected from their successful implementation will contribute to the effective overcoming of the problems and constraints before the development of the company and increase of its competitiveness that are connected with lack of sufficient production capacity, use of outdated technologies and high production costs, as well as lower quality of manufactured products and the inability to expand the range. The project also falls within the priorities of this procedure related to the thematic and regional prioritization, sustainable development and participation in procedures under OPC.

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Overview

Status Closed (completion date)
Start date 09 Feb, 2016
End date 13 Mar, 2017
Contract date 09 Feb, 2016
View in UMIS

Beneficiary

Financial information

Total cost 810,000.00
Grant 486,000.00
Self finance 324,000.00
Total paid 454,594.74
EU participation percent 85.0%

Location