Increasing the production capacity of "SunBright Systems Bulgaria" Ltd

The goal of "SunBright Systems Bulgaria" is permanently to create and implement products from its research and development field, which are applicable in the economy, to follow and apply all the innovations in the field, to offer complex and innovative solutions, thus expanding its market positions and earned the interest and confidence of potential customers. With the accomplishment of this proposal for a project, "SunBright Systems Bulgaria" Ltd expects to increase its production capacity, the export orientation and expanding the business facility through the purchase of modern equipment by which to increase and improve the quality of produced lamps and luminaires. In the line with its production and marketing strategy, the company is willing to increase not only its presence on the Bulgarian market but in neighboring countries as well. In this relation, the results, which "SunBright Systems Bulgaria" Ltd. aimed to achieve with the current project, are as follows: • Increasing its production capacity by expanding the currently existing machinery equipment; • Increasing the revenue from the export; • Diversification of the range of manufactured products; • Higher quality of the products by reducing the technological operations performed by the employees; • Reduction of the manufactured products cost in order to achieve more competitive prices and company sustainability; • Production processes modernization and automatisation with aim to reduce the time needed for execution of orders for repair and maintenance.The application to the current plan for Grant Financial Support provides a real possibility for purchasing of new technological equipment and for investment in modernization of the production processes.

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Overview

Status Terminated (termination date)
Start date 09 Feb, 2016
End date 09 Aug, 2017
Contract date 09 Feb, 2016
View in UMIS

Financial information

Total cost 396,000.00
Grant 277,200.00
Self finance 118,800.00
Total paid 0.00
EU participation percent 85.0%

Location