Increasing the competitiveness, improving the capacity and the export potential of DI VEN Ltd. by acquiring highly specialized fixed assets.

DI VEN Ltd. was established in 1996 in the town of Lom. The main activity of the activity is the production of trucks and ramps with the activity code 2008: 28.22. The applicant has also developed its own construction trucks, which are sold domestically and abroad. Given the great competition on the domestic and foreign markets, the goal of DI VEN Ltd. is to improve the range of the machines produced and thus to attract new customers not only from the country but also from abroad. The company's ambition is to develop its product range and improve its production processes to meet the ever-growing demand and needs of the national and international markets. It is precisely the optimization of production processes and the expansion of technological production capabilities that play an essential role in the implementation of the company's development plans. The equipment available to the company does not allow us to reach the desired production capacity and to meet the ever-increasing requirements of the customers related to the quality of the production. In this regard, the current project, which envisages the purchase of tangible fixed assets, is the necessary step in achieving the company's objectives related to the introduction of new technologies that will optimize production and improve its resource efficiency and efficiency as a condition for the sustainable development of the company The current workload and the built-in customer network provide confidence to the firm in its investment decision aimed at delivering the highest world class equipment to complement already made investments and bring the company to a qualitatively new stage in European markets in order to retain current customers and expanding foreign contacts. As a result of the project, shorter deadlines for order execution and much higher quality products will be achieved with maximum cost efficiency, creating the potential for export and capacity enhancement.

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Overview

Status Closed (completion date)
Start date 03 Jun, 2019
End date 10 Dec, 2019
Contract date 03 Jun, 2019
View in UMIS

Beneficiary

Financial information

Total cost 390,240.29
Grant 351,216.26
Self finance 39,024.03
Total paid 351,128.70
EU participation percent 85.0%

Location