Investment in the production of more metal components with higher added value for the global machine building leaders

Lesto Product SPLLC produces components of ferrous and non - ferrous metals for multinational and Bulgarian machine building companies – leaders in their segment. The company manufactures custom-made details after technical documentation of the client. The company exports to the Check Republic, The Netherlands, Sweden, Austria, France and Switzerland. The company receives increasing inquiries for orders from current and potential clients – large foreign companies in the rail-transport, automotive, ship building, marine sectors, which inquiries cannot be addressed due to insufficient technological capacity. The investment – matter of this project is highest-end world-class equipment for the execution of processes bending, milling and turning and software for generation of 3D engineering drawings of metal components. Through the project the company will enlarge its capacity for manufacturing of the current product portfolio, will ensure stable top quality required in machine building at even more competitive prices, will execute larger orders within shorter deadlines. Expansion of capacity will be achieved through activities for improvement of production processes, addition of new features to the existing product portfolio and introduction of new technologies for improvement of resource efficiency. All activities will be executed through an investment in the following assets: - Software for generation of engineering drawings /intangible assets/; - Bending press /tangible asset/; - Lathe with CNC /tangible asset/; - Vertical machining center with CNC /tangible asset/; The execution of the activities set within this project, will eliminate the basic technological barriers, will allow the completion of the project goals - enlargement of the production capacity and strengthening of the export potential which will lead in turn to sustainable sales increase, qualitative improvement in profitability and turnover growth, including from exports.

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Overview

Status Closed (completion date)
Start date 09 Feb, 2016
End date 08 Nov, 2016
Contract date 09 Feb, 2016
View in UMIS

Financial information

Total cost 922,098.00
Grant 645,468.60
Self finance 276,629.40
Total paid 623,568.40
EU participation percent 85.0%

Location