Improving the production capacity of the Company SL Industries Ltd, town of Rousse

SL Industries Ltd is an export-oriented company, established in 2004 in the town of Rousse and carrying out its business in the field of „Machine Building“. More than 130 highly qualified workers and experts are employed at the company in the production field of: chassis, booms, turrets, masts and other components for cranes, forklift trucks, excavators. The Company also provides for its customers engineering and design services, including product design, system integration and programming (CAD design of products and accessories, SolidWorks modelling and drawing, designing, FEA of products) and others. The Company has concluded long-term contracts with leading manufacturers of cranes and lifting equipment in Europe and USA. Due to the underdeveloped heavy industry in Bulgaria, most of the Company's production is marketed in USA and Europe, as follows: Components for the crane industry - 74%; attachments - 17%; forklift trucks - 5%; Other components – 4 %. A major potential for the Company's development is the production of attachments. Unfortunately, the Company does not have adequate equipment for the production of quality attachments, which shall be competitive on foreign markets. This project comprises measures for improvement of production capacity. This project provides for investments in material assets - a horizontal milling machine with a turntable - to bring about increased capacity for the production of attachment elements and enhance the export potential of the Company in this trend.

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Overview

Status Closed (completion date)
Start date 09 Feb, 2016
End date 31 Mar, 2017
Contract date 09 Feb, 2016
View in UMIS

Financial information

Total cost 846,874.39
Grant 508,124.63
Self finance 338,749.76
Total paid 508,080.00
EU participation percent 85.0%

Location