Increasing of the production capacity and enhance of the export potential of Electrostart Jsc.

Electrostart JSC is the only company in Bulgaria for the production of ballast devices (chokes) for fluorescent, sodium, mercury and metal halide lamps. (Choke is a coil with a core. It is intended to ensure the ignition and stabilization of discharge lighting discharge lamps when plugged in.) Created as a state factory in Varshets, Montana in 1967, in 1993 Electrostart is registered as a joint stock company, and for 21 year old new story became one of the largest and fastest growing private companies in the Balkans. Products of Electrostart have application fully in the lighting industry as components used in luminaires from companies that offer design and installation of lighting equipment for street lighting, interior lighting , industrial lighting , architectural , landscape lighting , sports halls and stadiums and other: • Magnetic ballasts • Tr nsformers • Magnetic ballasts for hight intensity discharge lamps • Sets for hight intensity discharge lamps • Superimposed pulse ignitors • Electronic ballasts • Electronic transformers • LED drivers Over 90% of production is exported outside the country (in over 40 countries worldwide), with the logo "Made in Bulgaria". To implement its strategic development plans aimed at improving productivity and increasing production volumes for existing and new customers, we plan the implementation of this project, including activities to improve production processes and activities for implementation of new technologies to improve resource efficiency and efficiency in the manufacturing process. Project activities will be implemented through the purchase and commissioning of the selected equipment needed. The project's overall goal is increasing the competitiveness of Electrostart Jsc. by increasing production capacity and enhancing the export potential of the company.

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Overview

Status Closed (completion date)
Start date 09 Feb, 2016
End date 13 Dec, 2017
Contract date 09 Feb, 2016
View in UMIS

Beneficiary

Financial information

Total cost 1,664,541.00
Grant 998,724.60
Self finance 665,816.40
Total paid 846,223.26
EU participation percent 85.0%

Location