Increasing productivity through investments in new fixed assets in the business of "Mad-FAMILY" Ltd.

The project foresees to implement activities for improvement of technological processes and improvement of resource effectiveness and efficiency through investments in the following fixed assets: 1. CNC Lathe - 1 piece. Planned project activities fall within the category of investments expanding the capacity of existing business object - the existing production site of company "MAD-FAMILY" Ltd. situated in the Industrial zone Trakya, Assenovgradsko shosse 1, town of Plovdiv, through technological securing and optimization of production processes within the company. The scope of subject of activity of "MAD-FAMILY" Ltd. is defined as: Production of devices for charging gas and other with special purpose. The so envisaged equipment shall technologically provide/ ensure the mechanical operations in company's production processes. As a result the production processes shall be improved to the following effect: - improved quality of the production; - expanding the production capacity; - reducing prime cost of the production; - opportunity for widening the production range through implementing new products; - improving the resource effectiveness through reducing energy consumption and technological scrap; - opportunity for export trend of company's production. Through purchasing and introducing into production the new equipment and its effect over the company's activity, the project shall completely conform to the EC horizontal policy for sustainable development towards: - environmental protection by reducing such aspects as noise, vibration, production waste; - raising the resource effectiveness by reducing the energy consumption, technological production time for certain operations and production scrap/ waste.

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Overview

Status Closed (completion date)
Start date 09 Feb, 2016
End date 16 Jan, 2017
Contract date 09 Feb, 2016
View in UMIS

Financial information

Total cost 359,900.00
Grant 251,930.00
Self finance 107,970.00
Total paid 251,860.00
EU participation percent 85.0%

Location