The activity of "Apex 11" LTD consists of manufacture, repair, rental and servicing of cargo lifting and warehouse equipment and spare parts for the equipment; crimping of flexible connectors; trade with welding consumables, autoservice equipment, rack equipment, lashing devices. The main development objectives of the company are expanding the production through modernization and automation of the existing production of forklift trucks and warehouse equipment in order to improve the quality, adding new features, enhancing the capacity of the manufactured products and increasing the market share in Bulgaria and abroad. This project plans to purchase equipment - tangible fixed assets, which will implement the following activities: 1. Will improve the production processes in the enterprise, through the introduction of modern technology, automation of part of the production process, reduce manual labor, reduce emissions, improve working conditions. 2. Will significantly improve the appearance of the produced forklifts and warehouse equipment as diversify their range of colors and ensure a smooth and stable final holding whilst shorten production time. Will add new features to forklift trucks - a variety of cabins and forklift trucks attachments. 3. Will reduce the percentage of the expenses for raw materials and external services in the cost of products manufactured by automating part of production, creation of technological lines, continuous production process and minimizing waste production. The implementation of the project will increase the competitiveness of "Apex 11", will lead to a considerable increase of the quantity of end products; will allow expansion of the niche market of local, national and global level; will have a direct positive impact on the environment through the use of technology without harmful emissions.
Overview
Status | Closed (completion date) |
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Start date | 09 Feb, 2016 |
End date | 08 Aug, 2017 |
Contract date | 09 Feb, 2016 |
Programme
Beneficiary
Financial information
Total cost | 1,063,300.00 |
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Grant | 744,310.00 |
Self finance | 318,990.00 |
Total paid | 725,200.00 |
EU participation percent | 85.0% |
Location