"Bavaria TM" Ltd. is a manufacturer of machines for forming ceramic tables. Activity with NACE.BG 2008: NACE.BG 2008: 28.99 Manufacture of other special-purpose machinery nec. The project proposal is aimed at increasing the competitiveness of "Bavaria TM" EOOD and its more successful presence on national and foreign markets by increasing production volumes, optimizing the production process, achieving higher productivity, reducing production costs, improving the products offered. The project includes investments for the purchase and commissioning of state-of-the-art high-tech equipment under the "regional investment aid" regime. The project activities are aimed at improving the production capacity of Bavaria TM Ltd. By implementing them, the objectives set in the project will be achieved through investments aimed at: - improvement of production processes; - reduction of production costs; - improvement of the products offered. Outcomes of the project implementation: - Increasing the Internal Rate of Return -43.18%; - Increase in net sales revenue - 157.64%; - Productivity increase - 163.11%; - Realization of exports of finished products - 76.78% (Average value of net export sales revenue for the projected period in the Business Plan). Project activities have as their main object the implementation of initial investments in tangible assets and assets to expand the capacity of an existing business site, after which it will be able to produce more than at least one of the products already produced, while maintaining a basic production process.
Overview
Status | In execution (starting date) |
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Start date | 25 Mar, 2021 |
End date | 25 Mar, 2022 |
Contract date | 25 Mar, 2021 |
Programme
Beneficiary
Financial information
Total cost | 1,025,000.00 |
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Grant | 461,250.00 |
Self finance | 563,750.00 |
Total paid | 0.00 |
EU participation percent | 85.0% |
Location