Techno-Yota 2001 EOOD is a company that specialized in the production of details and billets, welded structures and nodes, as well as metal products for general and specific use made of non-corrosive and black tin of varied width. The company’s products are widely used in various industries – the chemical, construction, food, machine construction industries, etc. In order to continue its successful development, Techno-Yota 2001 EOOD needs to invest money and efforts in optimizing two of its production processes, namely cutting and bending. Currently many of the operations at these stages of the production cycle are done manually, which incurs substantial human and time resources. In order to overcome the limitations resulting from the production’s weaknesses, Techno-Yota 2001 EOOD plans to implement new high-tech equipment: a laser machine with functions for pipe processing (to service the cutting process) and a bending machine (for the folding process). As a result of the project implementation, the company will automate most of its production operations, in the meantime enhancing its production capacity and expanding its product portfolio. The new equipment will enrich the services offer with the processing of non-ferrous metals such as copper and brass and will expand the range of the complex details and special machine structures produced. The enhanced capacity will have a positive effect on the market positions of Techno-Yota 2001 EOOD and will allow it to attract new customers. The forecasts are that in the three years after the project’s completion the company will have increased its productivity by an average of 16,27% % versus 2014, to increase cost effectiveness by 16,14%, and raise the average revenues generated from export as a result from the investment by 25,04% versus the 2014 data.
Overview
Status | Closed (completion date) |
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Start date | 09 Feb, 2016 |
End date | 31 Mar, 2017 |
Contract date | 09 Feb, 2016 |
Programme
Beneficiary
Financial information
Total cost | 1,600,000.00 |
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Grant | 720,000.00 |
Self finance | 880,000.00 |
Total paid | 719,055.00 |
EU participation percent | 85.0% |
Location