ADVANS Ltd. Increases its Production Capacity and Export Potencial through Investment in High-Dynamic Portable CNC Plasma Cutting Equipment

ADVANS Ltd. is a developing company with a 10-year history in production, installation and repair of equipment for recycling, mining and chemical industry. In its production practices, the company tries to achieve the best ratio between functionality, productivity, quick implementation and end product prices. Over the last few years, the company has maintained stable business relations with Bulgarian partners and has continuously developed strategies to diversify its product range, improve the level of high quality and quick provision of services to clients, and to complete consideration of their needs and requirements. This makes it necessary to have better organization, higher production efficiency and flexibility in the performance of complex technological tasks, which also suggests higher requirements for precise item production. In order to keep the trend of offering a wide range of products and services with a very high quality that meets the European standards, as well as to ensure flawless servicing and meeting customers’ needs of tailormade solutions at a good price, ADVANS Ltd. needs to make an investment in high-dynamic portable CNC plasma cutting equipment for: ~improving production processes and closing the production cycle ~diversifying the range of products and services ~improving the quality of production ~adding new characteristics to the available products ~increasing the production capacity ~increasing productivity ~shortening the time for fulfilling orders ~enhancing the efficiency of production costs ~reducing production’s value ~increasing revenues from sales and export ~increasing the number of orders ~expanding the company’s market share by reaching more clients within the country and ouside it. This would guarantee the development of the competitive and export potential of ADVANS Ltd. and would improve the company’s market presence in Bulgaria and abroad.

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Overview

Status Closed (completion date)
Start date 09 Feb, 2016
End date 21 Apr, 2017
Contract date 09 Feb, 2016
View in UMIS

Beneficiary

Financial information

Total cost 217,000.00
Grant 151,900.00
Self finance 65,100.00
Total paid 150,500.00
EU participation percent 85.0%

Location