EUROPEAN TOBACCO SERVICE Ltd. is a company established in 2008 in the sphere of machine building. The company is engaged in repairing, modernizing and improving machines as a mandatory part of this work process is the production of parts and details that are used in the repair work. In a very short time the company managed to meet the high technological requirements of its customers and offering them high quality service. The company specializes in making changes to old ones with completely new modernized units in order to increase the productivity and quality of special purpose machines that are serviced by the company.Validating the company as a trusted and reliable partner leads to an annual increase in workload and revenue. This raises the issue of providing greater production capacity and optimizing the business cycle to respond to customer demand and customer sourcing. In relation to this moment, with the implementation of this project, the main objective facing the company is the supply and implementation of new high-tech equipment, namely machining centers, which will contribute to the continuous improvement of the production capacity of the company. This will also lead to a sustainable presence of the company on the national and international markets.With their acquisition, the following restrictions will be overcome: - the company has to use other manufacturers to refine part of the manufactured parts that are used in the machine rebuilding process in view of the lack of sufficient production capacity. Thus, the company will only perform all work processes and close its production cycle - At present, the plant has only universal milling machines, which is the main limitation for the required volumes, the high quality and accuracy of the manufactured parts, the use in the reconstruction of the machines.
Overview
Status | Closed (completion date) |
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Start date | 15 Dec, 2020 |
End date | 15 Dec, 2021 |
Contract date | 15 Dec, 2020 |
Programme
Beneficiary
Financial information
Total cost | 558,000.00 |
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Grant | 390,600.00 |
Self finance | 167,400.00 |
Total paid | 0.00 |
EU participation percent | 85.0% |
Location