Increasing the production capacity of SILOMA JSC.

With this project proposal, SILOMA JSC. will buy 1 Horizontal CNC turning center, 1 Vertical CNC milling center. The aim is to modernize and upgrade its current machinery which is out of date and ineffective. The new machines to be bought through the financial grant aid under the Operational Program “Innovations and Competitiveness” 2014-2020 are highly productive, energy effective and in line with the European standards. The main goal of the project is to improve competitiveness and export potential of SILOMA JSC. The specific goals of the project are: 1. Increasing the production capacity of SILOMA and 2. Improving the quality of the current products and diversification of the range of products. As a result of the project "SILOMA" JSC will improve its competitiveness and export potential by increasing production capacity and productivity of the company; improving the quality of machines; will optimize the quantity of raw materials (metals) and will reduce technological waste, will diversify the product range and reduce production costs. The project results will be achieved through the implementation of the activities for: - improvement of production processes, - adding new features or for improvement of existing products or services, - diversification of the range of products and services of enterprises, - introduction of new technologies for improvement of the resources effectiveness and efficiency in the production process.

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Overview

Status Closed (completion date)
Start date 17 May, 2016
End date 26 Jan, 2018
Contract date 17 May, 2016
View in UMIS

Beneficiary

Financial information

Total cost 818,238.89
Grant 490,943.33
Self finance 327,295.56
Total paid 490,920.00
EU participation percent 85.0%

Location