Expansion and modernization of Nobel International Ltd. through the purchase of high-performance production line for enameling of boilers

The main activity of Nobel International EAD is the production of solar collectors and boilers, as well as overall water heating systems. A substantial limitation to the company’s development is imposed by the limited boiler production capacity, due to which the company cannot take the full volume of orders it receives. The production’s bottleneck is related to the enameling of boiler’s water containers. Besides the low capacity (only 4 to 8 water containers can be processed at a time), the furnace can only process water containers with 8 to 120 liters of volume. For all water containers with higher volume, an external subcontractor is used, the nearest one being located 1000 km away. The main aim of the project, to boost Nobel International EAD’s production capacity and to ensure the company’s sustainable development, will be achieved by implementing the project’s specific objectives: +improving and accelerating the boiler enameling process +increasing the company’s production capacity regarding the quantity of boilers produced +overall optimization of the production cycle +creating conditions for expanding the product range +strengthening the company’s export potential and entering new markets. The project’s aims will be achieved by investment in a new high-productivity line for boiler enameling. The direct measurable project outcomes will be: +Expanding production capacity from 150 to 400 boilers per an 8-hour shift +Increasing boiler production productivity by over 50% +Increasing the number of orders that the company can process by over 2.5 times +Increasing the effectiveness of production costs in boiler production by over 50% +Reducing faulty boiler production by 90% +Reducing boiler’s production cost by over 30% +Reducing the electricity costs for boiler production by around 15-20%

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Overview

Status Closed (completion date)
Start date 09 Feb, 2016
End date 22 Nov, 2017
Contract date 09 Feb, 2016
View in UMIS

Financial information

Total cost 3,121,506.00
Grant 999,194.07
Self finance 2,122,311.93
Total paid 999,187.82
EU participation percent 85.0%

Location