Improvement of production capacity through investments in new fixed assets in the business of “Multiengineering – Ivanka Angelova Sole Trader”

The project proposal investment aims to renew the technological equipment and to optimize the manufacturing processes. This will result in both production capacity expansion of the current manufacturing base and production capacity improvement. The main business activity of Multiengineering – Ivanka Angelova Sole Trader is defined as follows: Designing, Manufacturing, Installing, Repair service and maintenance of food - processing machinery and facilities: 1. Sweets making machines 2. Dough processing machines 3. Nut processing machines. The project proposal investment shall ensure supply, installing, testing and operating of the following fixed assets: 1. CNC Lathe - 1 piece. 2. 5-axis machining center - 1 piece. Due to the cutting- edge equipment, the production capacity will be expanded without changing the nomenclature and the basic manufacturing model. This equipment will ensure the manufacturing mechanical operations and will improve the production capacity within the company, as it follows: - Improving the company’s competitiveness; - Boosting the export capacity of the company’s production; - Improving the production quality; - Increase of the volume of the company’s products; - Optimizing the manufacturing process; - Reducing the product cost; - Productivity growth; - Increasing the resource efficiency through reduced energy -consumption and technological scrap. Buying and installing the new equipment will affect the manufacturing process within the company to be in accordance with the EU horizontal policies for equality and sustainable development as: - environmental protection by reducing noise,vibration, production waste and carbon emissions; - Increasing the resource efficiency through reduced energy –consumption, time-saving technology processes and reduced production scrap.

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Overview

Status Closed (completion date)
Start date 01 Dec, 2020
End date 01 Dec, 2021
Contract date 01 Dec, 2020
View in UMIS

Financial information

Total cost 1,060,000.00
Grant 742,000.00
Self finance 318,000.00
Total paid 0.00
EU participation percent 85.0%

Location

Veliko Tarnovo