Enhancement of productivity and export potential of Elektromotoren zavod Elprom Troyan Ltd, through innovative, resource and energy effective investment in Long Tangible Assets.

Electromotoren Zavod ELPROM Troyan Ltd. is a leading company with long history and traditions on the territory of LAG Troyan, Apriltsi, Ugyrchin for production of electric motors and electric appliances. The company constantly develops and maintains high quality goods and services in accordance with all national and international standards. The goal of ELPROM Troyan is to return the leading position of the factory to international markets and to be leaders in the domestic market in its field. This project is a continuation of ELPROM Troyan policy of developing the enterprise, enhancing competitiveness, increasing production capacity by investing in the factors of production, tangible and intangible assets and human capital as a major growth factor. The company's policy is also to reduce production costs and environmental impact, create new jobs in the local economy and support local development. Therefore, the project is also in line with local development policy to stimulate business and economic activity in the region, to strengthen the production capacity of companies and create opportunities for new jobs. By introducing new machinery and equipment into production, the company becomes even more strong and competitive, and can respond to the economic situation and the fast-growing market in a dignified, efficient and efficient way, giving priority to local development.

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Overview

Status Closed (completion date)
Start date 15 Feb, 2019
End date 30 Jul, 2020
Contract date 15 Feb, 2019
View in UMIS

Financial information

Total cost 299,050.00
Grant 209,335.00
Self finance 89,715.00
Total paid 183,044.45
EU participation percent 85.0%

Location