Investments for improving the production capacity of M-Press Ltd.

REQUIREMENT: At present, M-Press OOD, in connection with increased demand for our products from customers from national and foreign markets, is experiencing production difficulties due to insufficient production capacity for two-sided monochrome printed products. We have 4 pcs. one-sided monochrome printing machines for double-sided printing, it is necessary for the products to re-run through the printing cycle, which is related to manual operations and a high percentage of paper margins of poorly printed output. The problems described imply unintended consequences for the company as high production costs and lower than the desired production capacity for the listed products in our product range. The project envisages ACTIVITY FOR IMPROVEMENT OF PRODUCTION CAPACITY of the enterprise through acquisition and putting into operation of tangible fixed assets (1 pc) aimed at: - improvement of production processes; - reduction of production costs; - improvement of the products offered, and its implementation will meet the company's need to meet the growing demand for products from our product portfolio by expanding production capacity and improving productivity. As a result, the company will have a more successful presence in the domestic and foreign markets. The implementation of the project will lead to the fulfillment of its OVERALL OBJECTIVE: enhancing competitiveness and enhancing the export potential of the enterprise. EXPECTED RESULTS from project implementation: 1) Increasing Productivity; 2) Increase in net sales revenue; 3) Increase in export earnings. Project activity is in line with horizontal policies for equality and non-discrimination and sustainable development. The project will also be implemented in two of the ISSS thematic areas.

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Overview

Status Closed (completion date)
Start date 17 Feb, 2020
End date 19 Feb, 2021
Contract date 17 Feb, 2020
View in UMIS

Beneficiary

Financial information

Total cost 1,069,820.00
Grant 748,874.00
Self finance 320,946.00
Total paid 540,701.00
EU participation percent 85.0%

Location