Through the implementation of the current project Megalux Ltd. intends to purchase new machines with the aim of increasing the production capacity and enhancing the export potential of the company. As a result in the long term, the overall competitiveness of the enterprise will be increased and growth in the market share will be ensured. The main activities to be implemented under this project are: • Activity for improving the production process; • Activity for the introduction of new technologies aiming at improving the effective and efficient use of resources. The above listed activities will be implemented through the purchase and installation of the following machines: • CNC laser cutting machine – 1 • CNC punching machine – 1 The new machinery will help Megalux Ltd. to increase its production, enhance its capacity and direct more products for export. As a direct result from the project implementation the company will achieve modernization of its equipment, improvement and optimization of the technological processes and the production, thus overcoming the limitations for increase in the capacity. Furthermore, the project will result in a reduction of raw materials used and of production rejects thus reducing the prime cost of the products and improving the effective and efficient use of resources for sustainable and competitive growth of Megalux Ltd.
Overview
Status | Terminated (termination date) |
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Start date | 09 Feb, 2016 |
End date | 09 Aug, 2017 |
Contract date | 09 Feb, 2016 |
Programme
Beneficiary
Financial information
Total cost | 667,800.00 |
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Grant | 400,680.00 |
Self finance | 267,120.00 |
Total paid | 0.00 |
EU participation percent | 85.0% |
Location