The overall objective of this project proposal is to increase the competitiveness of "Tim Seth" Ltd. through investments in modern technology and equipment in order to increase the potential of the enterprise for production and export of products with high added value, capable to compete on national and global markets. The implementation of investments in technological innovation aims to respond to the real needs of the company to develop its potential for efficient production and to achieve sustainable progress. The aim of the project is to significantly increase production capacity of the company to expand the nomenclature of products manufactured by the company to offer customers a quality, corresponding to the level of best manufacturing practices. Specific project objectives are: - modernization and optimization of production activities, processes and technologies; - Increase competitiveness "Tim Seth " Ltd. on European and world market through the introduction of modern technologies meeting new market requirements; - Increase production efficiency by investing in modernization and renewal of production equipment; - Reducing production costs as a factor in optimizing the productivity and competitiveness of the enterprise; - Product diversification, improving the quality of workmanship and variety of products manufactured by the company; - To improve the working conditions of employees and to optimize their productivity.
Overview
| Status | Closed (completion date) |
|---|---|
| Start date | 09 Feb, 2016 |
| End date | 16 Feb, 2017 |
| Contract date | 09 Feb, 2016 |
Programme
Beneficiary
Financial information
| Total cost | 271,351.86 |
|---|---|
| Grant | 189,946.30 |
| Self finance | 81,405.56 |
| Total paid | 188,461.00 |
| EU participation percent | 85.0% |
Location