Janev Engineering Ltd. was established in 2009. The enterprise’s initial vision of development is related to the provision of metalworking services. Offering all of the basic metalworking operations with high quality, the company gradually becomes manufacturer of components for the machine building industry. The enterprise produces the following main product groups: - carts for motor mounts and cutting discs for woodworking machines - legs for woodworking machines - stands for industrial robots - over 900 different types of details and components for road-repair technique, soil treatment and land sites machines /flanges, tool holders, roller bearings, supports, welded units, stands/ for world concerns such as Husqvarna and Kubota The enterprise also produces other metal products, in which production will not be invested under the project. Janev Engineering faces the inability to take on the increasing volume of orders from companies–international leaders in the manufacture of specialised machine tools and their Bulgarian suppliers. The demand for parts, special instruments, details, units, produced by Yanev Engineering Ltd. is increasing continuously due to the combination of quality, terms and price, which the company offers. In support of the main economic activity under NACE 28.49 Manufacture of other machine tools, in particular parts and accessories for them, the project will carry out an activity for improvement of the production capacity by investing in CNC hydraulic bending press 2pcs. and Electrical bending press with servo drive 1pc., improving the bending process and increasing its capacity by over 150%. As a result of the investment in the project, the production quantity in the main product groups will increase by 15%-30%, depending of the product groups. The investment will help to strengthen the positions of the company on the international market and will realise the aim of the project, namely assumption of the growing foreign orders.
Overview
| Status | Closed (completion date) |
|---|---|
| Start date | 10 Dec, 2020 |
| End date | 10 Dec, 2021 |
| Contract date | 10 Dec, 2020 |
Programme
Beneficiary
Financial information
| Total cost | 561,725.00 |
|---|---|
| Grant | 393,207.50 |
| Self finance | 168,517.50 |
| Total paid | 0.00 |
| EU participation percent | 85.0% |
Location