Improving production capacity and increasing the export potential of Mipa Ltd.

This project proposal provides for the purchase of new activities, that will be directly involved in the applicant's manufacturing process. This will be: Edging Machine - 1 pc. and Processing Center - 1 pcs. Strategically, the company aims to achieve sustainable growth by achieving and maintaining a high level of competitiveness.Through the implementation of the current project, the company will fulfill a large part of its objectives and activities in its strategic plan: - Modernization of production processes through the introduction of technologies for improving the production process, achieving a higher attractiveness corresponding to the market needs, reduction of the production costs and optimization of the production processes; - Achieving greater efficiency by increasing added value and improving product quality; - Increase the degree of internationalization by creating prerequisites for increasing the export potential; The project activities will lead to an increase in the production capacity of the enterprise and a subsequent increase in export potential by purchasing modern machines, which will improve the quality of the finished products, increase labor productivity, optimize production costs, the resource efficiency of processes and improved safety at work.As a result of the deployment of the new equipment, most of the processes in the production process will be optimized, the production quality will be improved, the production costs will be reduced, the production time will be shortened, the efficiency, productivity, value added, which are key factors for enhancing competitiveness.

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Overview

Status Closed (completion date)
Start date 07 Dec, 2020
End date 07 Dec, 2021
Contract date 07 Dec, 2020
View in UMIS

Beneficiary

Financial information

Total cost 460,398.00
Grant 322,278.60
Self finance 138,119.40
Total paid 0.00
EU participation percent 85.0%

Location