Improving production capacity in "AMEK TOYS" LTD

The overall object of the project is to: Increase the competitiveness of “Amek Toys” Ltd. and enhancing the export potential by improving the production capacity. Specific goals of the project: 1.Improvement of the production processes: increased production capacity, automation and optimization of production process and, as a consequence, expanding the market presence on the domestic and foreign markets 2.Reduction of production costs by increasing productivity, reducing production consumption of electricity and respectively increase in the added value of output. The planned activity to achieve these goals is "Activity to Improve Production Capacity" targeting: - Improving production processes - Reducing production costs As a result of the implementation of the mentioned activity, “Amek Toys” Ltd. will achieve the following main results: 1. Improved production processes – 3pcs. (Cutting out and fixing of details, filling of toys and labeling) 2. Increased total production capacity: 120,00%. 3. Project implemented in the area of IS3: New technologies in the creative and recreative industries - 1p. 4. Reduction of production costs: with around 0.27BGN/pc. per finished product 5.Increased production of an eco series of plush toys(compared to 2018) around 300% 6. Productivity increase : 83.71%. 7. Change in average revenue generated by export: 60.94% 8. Increase in net sales revenue: 135.23% 9. Positive ecological impact on natural resources and the environment The main problems of “Amek Toys” Ltd. – insufficient production capacity and resource-inefficient production, will be solved through the realization of the project and the candidate will improve its competitiveness and will ensure a sustainable and stable market presence at the most adequate cost-benefit ratio.

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Overview

Status Closed (completion date)
Start date 21 Feb, 2020
End date 11 Mar, 2021
Contract date 21 Feb, 2020
View in UMIS

Beneficiary

Financial information

Total cost 399,000.00
Grant 279,300.00
Self finance 119,700.00
Total paid 279,300.00
EU participation percent 85.0%

Location