Improvement of production capacity in "HYDRONIX" Ltd.

"HYDRONIX" Ltd.was established in 1990 and is specialized in the production of hydraulic pumps, hydraulic and pneumatic engines. The main objective of the project is to improve the production capacity of the enterprise in order to increase its competitiveness and its export potential. The main object of the project is the implementation of an initial investment in FTA, connected with the expansion of the existing business facility. The project will be implemented through the implementation of the Action for Improving the Production Capacity of the Applicant / Part 1, 2 and 3/, within which the following FTA required for the implementation of the project will be acquired, leading to improvement of the production capacity and expansion of the capacity of the existing business site: - flat-grinding machine; - Universal circular grinder; - Universal machine for mechanized circular MIG-MAG welding; - Universal lathe; - CNC lathe. Through the project realization, the obstacles to the competitive development and the export activity and potential of the Candidate due to the following factors will be successfully overcome: -use of old technologies and equipment to implement production processes; - high production costs and the need for optimization of production chains; - Lack of sufficient production capacity to meet market demand volumes; - lower quality of the produced products. The investments in tangible fixed assets will directly lead to improvement of production capacity through: improvement of production processes, incl. achieving higher productivity and increasing the volume of produced products; reduction of production costs; improving the offered products . As a result of this, the main objective of the project will be achieved, which corresponds directly to the purpose of procedure BG16RFOP002-2.040.

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Overview

Status Closed (completion date)
Start date 13 Feb, 2020
End date 22 Apr, 2021
Contract date 13 Feb, 2020
View in UMIS

Beneficiary

Financial information

Total cost 606,871.00
Grant 424,809.70
Self finance 182,061.30
Total paid 424,120.20
EU participation percent 85.0%

Location