"Refan Bulgaria" LTD - a leader in the production of cosmetics

"Refan Bulgaria" Ltd. is a Bulgarian company established in 1991 as a family company, dealing mainly with the trade of imported cosmetics. Since 1999 the company started its own production of cosmetics, as early as next year currently in production new products - soaps and candles, and in 2001 started the production of cosmetics. Over the years, "Refan Bulgaria" Ltd. is evolving and growing, gradually creates its own technology development units and forms the production of perfumes, cosmetics, bath products and candles boutique. We are now producing more than 1,500 products under the brand Refan. The dynamic development of "Refan Bulgaria" Ltd. both the Bulgarian and the European and international market requires regular investment activities aimed at improving productive capacity and export potential of the company in order to maintain the competitive advantages at national level and stable business relationships with a number of international partners. This project is the next step in the development of the company and provides for the purchase of new, high-tech equipment for the field of cosmetic and perfume industry. Successful realization of the project will help the company expand its production capacity, improve quality and optimize production processes. The ability to grant part of the costs for the realization of the investment is a key factor in starting the project and guarantee for achieving the projected results. This proposal fully meets the objectives of the Operational Programme "Innovation and Competitiveness" 2014-2020, ISIS 2014-2020, the Strategy for Development of SMEs in Bulgaria, as well as the objectives of this selection procedure for projects.

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Overview

Status Closed (completion date)
Start date 09 Feb, 2016
End date 18 Aug, 2017
Contract date 09 Feb, 2016
View in UMIS

Beneficiary

Financial information

Total cost 1,165,000.00
Grant 699,000.00
Self finance 466,000.00
Total paid 648,278.31
EU participation percent 85.0%

Location