Trax Audio Company Ltd. was established in late 2009 with major production in the field of high reproducing and enhancing audio systems and their implementation in practice. Our production is generally non-standard. The production process consists of three stages: mechanics, electronics and chemistry and is implemented in production facilities in Sofia and Gabrovo. Thanks to its highly qualified design, engineering and marketing team Trax Audio Ltd realizes the majority of its products on the international market. The company aims to have more convincing presence on the European market, but is limited by the lack of technical equipment, which requires major work processes to be outsourced or carried out mechanically. It outlines the need to introduce more high-tech and efficient production-equipment. In order to minimize the use of subcontractors, improve product quality and to close the production cycle investments in innovative technological equipment provided in this project are required. This will contribute to a strict quality control and more flexibility in the conditions to customers in determining the period of production, design and adjustments in the process. As expected result of the investment the company plans to increase production capacity, improve resource efficiency and improve the quality of finished products that will meet market demands. Through this investment Trax Audio Ltd. will increase its competitiveness in the market of high-quality audio systems and will be able to significantly improve their financial performance, to ensure the sustainable development of the company.
Overview
| Status | Closed (completion date) |
|---|---|
| Start date | 09 Feb, 2016 |
| End date | 30 May, 2017 |
| Contract date | 09 Feb, 2016 |
Programme
Beneficiary
Financial information
| Total cost | 550,300.00 |
|---|---|
| Grant | 356,160.00 |
| Self finance | 194,140.00 |
| Total paid | 356,031.78 |
| EU participation percent | 85.0% |
Location