Increasing the production capacity of Total-M ltd.

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.

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Overview

Status Closed (completion date)
Start date 20 Feb, 2020
End date 29 Mar, 2021
Contract date 20 Feb, 2020
View in UMIS

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