Improvement of the competitiveness of KEMP JSC through increase of production capacity

With current project KEMP AD invests into supply of 1 Double Twist Buncher Line for twisting of isolated conductors; 1 Insulation Line; 2 Ink Jet Printers for cables and 2 Hand Operated Electric Truck. The aim of this investment is to modernize and renovate existing equipment which is physically and moral out of date end ineffective. The new equipment planned to be purchased with the non-recourse finance from OP Innovations and Competition is highly efficient and energy saving and responds to European norms and standards concerning production of electric conductors and cables. The aim of the project proposal is Increase of competitive power of KEMP AD. To achieve the final target of the project investment activities will be performed leading to achievement of following specific aims:1. Increase of production capacity of KEMP AD; and 2. Extension of the company market cluster and increase of its export potential. As a result of the project it is expected to be achieved increase of production capacity and efficiency of the company, improvement of the quality of produced cables and conductors, decrease of production costs, diversification of product range by starting production of new cables, increase of export potential of the company. This will lead to increase of company competitive power and will guarantee its stale presence on local and external markets through expansion of clients number. The planed results of the project will be achieved by activities for: improvement of production processes, adding new characteristics or improvement of existing products; diversification of the range of products: implementation of new technologies for improvement of resources efficiency and effectiveness of production process

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Overview

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

Beneficiary

Financial information

Total cost 1,104,140.01
Grant 662,484.00
Self finance 441,656.01
Total paid 652,489.32
EU participation percent 85.0%

Location