Ecoinvest OPTICS PRIME

ECOINVEST Ltd. was established in 2003. The company operates in five directions - production of plastics in primary form, polymers trading, collection services of recyclables, transport, pre-treatment and treatment of non-hazardous waste, transport and sale of pre-treated wood packages. The main economic activity is executed via code 20.16 Manufacture of plastics in primary forms and generates 53% of revenue. In 2014 and 2015 the company implemented a major program for upgrade of existing technology facilities and improvement for expansion of its production with investment in high quality equipment for extrusion process with capacity of 750 tons per month. Till now this capacity can not be fully utilized due to inefficiencies in the previous steps of raw materials treatment. These include sorting, shredding, grinding, laundering. High quality and innovation levels of ECOINVEST polymer products are the reason why market demand significantly exceeds production capacity - for the last 3 years the export volumes increase from 16% in 2012 – up to 58% in 2014. To address the issue, the company has set the strategic goal to increase production capacity and strengthen it's export potential. As part of this strategy, is the following project with activities in these main directions: 1. Improvement of production processes. 2. Improving of resource efficiency and effectiveness in the production process. Activities will be implemented through the purchase of high-tech equipment for optical sorting of plastics. Expected results are to increase export volumes, improve cost efficiency, improve resource utilisation and optimise productivity.

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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 1,650,000.00
Grant 990,000.00
Self finance 660,000.00
Total paid 990,000.00
EU participation percent 85.0%

Location