Improving the production capacity of ELSIT 58 Ltd.

Need In reference to the growing demands of the market, on which ELSIT 58 works, it is necessary to invest in new equipment to improve the production processes and to increase the capacity of the enterprise. With the project investment we will overcome the problems arising from the use of old technology to meet our orders as well as the insufficient production capacity and difficulties in achieving high quality. This will ensure the competitiveness and sustainability of the company, and the opportunity for direct export of products as factors for its successful development. Goals The overall objective of the project is to contribute to increasing the competitiveness of ELSIT 58 and to create a potential for direct export of the company's products. The specific objective is to improve the production capacity of the company in the stages of turning and milling from the technological cycle by purchasing 2 turning machines and 2 milling machines. Activities In order to achieve the stated goals, the following activity is planned: "Activity for improving the production capacity of ESLIT 58", which will be implemented by purchasing 4 tangible assets - turning and milling machines. Results Acquisition of assets within the activity will help to achieve: - improving production processes and expanding capacity - changing the milling and turning process with a quality new technology compared to the one used so far. - reduction of production costs - shortening the production cycle, increasing staff productivity, reducing electricity costs and reducing spoiled output and generated waste. - Improvement of the products - the improvement of the quality of the turning and milling processes allows for greater precision in product characteristics with less processing and additional work. The project is implemented in one of the priority areas of ISSS and is in line with horizontal EU policies.

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Overview

Status Closed (completion date)
Start date 17 Feb, 2020
End date 21 Dec, 2020
Contract date 17 Feb, 2020
View in UMIS

Beneficiary

Financial information

Total cost 713,880.00
Grant 499,716.00
Self finance 214,164.00
Total paid 499,716.00
EU participation percent 85.0%

Location