Establishment of a new enterprise for the production of kitchen appliances

SANTOV GROUP LTD is a newly established company. With the help of this project the production of high-efficiency and ecological electric appliances - household and professional grills built on the basis of elements of metal heaters consisting of a resistance conductor, insulating material and a metal tube with a temperature of 900 degrees will be started. Production of household heaters and various industry sectors is envisaged, such as components used in various appliances and machines, household electrical appliances and professional kitchen equipment. In order to meet the needs of household consumers, different series of appliances will be produced: economical series - affordable and predictable for people whose purchase economies are the priority; standard series - with products tailored for people who want to take advantage of the latest technical achievements; special series - products designed for specific objects and users and tailored to their individual requirements. The company will also develop professional equipment for customers who produce food products. The overall objective of the project proposal is the start of a new business that will lead to the sustainable development of our company, and the main project activities related to the realization of the entrepreneurial idea are the purchase of the specialized equipment necessary for the production, hiring of qualified experts and production personnel, purchase of materials and consumables. As a result of the project's implementation, we think we will create a new production facility that will continue to grow and grow thanks to the implementation of an effective idea.

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Overview

Status Closed (completion date)
Start date 10 Jun, 2019
End date 09 Mar, 2021
Contract date 10 Jun, 2019
View in UMIS

Financial information

Total cost 186,472.00
Grant 149,177.60
Self finance 37,294.40
Total paid 147,586.62
EU participation percent 85.0%

Location