This project proposal provides for the realization of an investment plan involving the purchase and putting into operation of modern high-performance machines for modernization of the machinery and creation of the necessary prerequisites for improvement of the production capacity and strengthening of the export potential necessary for sustainable growth, added value and competitive manufacture of a variety of fireplaces, household utensils, flanges, stoves and fireplaces (including enamelled paints for stoves, Heat exchangers, backing trays fireplace). The project proposal is aimed at obtaining a grant from KUPRO - EMAIL LTD (a production company with the potential to rapidly increase its market share) for investments in FTA - 2, related to the expansion of the capacity of an existing business site. The project is aimed at increasing the production capacity of the applicant, expanding the market positions and enhancing the competitiveness of KUPRO - EMAIL LTD. Target groups: The project is implemented on the territory of an existing business site in Shumen and is aimed at satisfying the needs of households and other corporate clients from the products produced by us. KUPRO - EMAIL has well-developed trading channels with identified rapidly growing needs of our production. In connection with the planned expansion of the activity as a result of the increased demand for the produced products, "KUPRO - EAMIL" Ltd needs the introduction of additional production facilities, expanding the machinery park by purchasing 1 pc. Machine for laser cutting and 1 pc. Abcant machine. The project envisages the following result as a result of the realization of the investment intention: increasing production capacity, productivity, and thus competitiveness as a whole, financial results (increase in net sales revenue) and strengthening of export potential.
Overview
Status | Closed (completion date) |
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Start date | 20 Feb, 2020 |
End date | 02 Feb, 2021 |
Contract date | 20 Feb, 2020 |
Programme
Beneficiary
Financial information
Total cost | 890,293.81 |
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Grant | 534,176.28 |
Self finance | 356,117.53 |
Total paid | 502,655.40 |
EU participation percent | 85.0% |
Location