This project proposal is aimed at expanding the capacity of the existing business premises of Total-M Ltd. in Shumen for furniture production. This will be achieved through the implementation of the present investment project, namely the purchase and commissioning of a Piping Machine - 1 pc. and Machining Center with CNC - 1 pc. With the implementation of the current project and the purchase of the described machines, the company will solve a number of technological problems and will improve the technological operations, which are bottleneck to the entire production cycle. With the realization of the project and the achievement of faster production of manufactured furniture at optimized costs, more than 8500 pieces furniture per year are expected after the implementation of the project and net sales revenue to exceed BGN 1,400 thousand. The project is implemented in the field of "New Technologies in Creative and Recreational Industries" by ISIS and fully complies with horizontal EU policies.
Overview
Status | Closed (completion date) |
---|---|
Start date | 20 Feb, 2020 |
End date | 29 Mar, 2021 |
Contract date | 20 Feb, 2020 |
Programme
Beneficiary
Financial information
Total cost | 217,741.00 |
---|---|
Grant | 152,418.70 |
Self finance | 65,322.30 |
Total paid | 0.00 |
EU participation percent | 85.0% |
Location