Activities for improving the production capacity and increasing the competitiveness of Phytopharma EOOD

With the implementation of the project Phytopharma EOOD will use a comprehensive integrated approach to solving the identified problems and restrictions to the development of the company as a reliable producer of vitamins and nutritional supplements for a healthy life. By purchasing a soft gelatin capsule production line the production capacity will be improved, while at the same time supporting the production of products with great market potential that are suitable for vegetarians and vegans. The implementation of the planned equipment will allow Phytopharma EOOD to expand its market positions by offering its traditional products in new form of gelatin capsules without ingredients of animal origin. The project activities related to the introduction of new technologies for the improvement of the production processes and updating of the existing products in line with the current trends in nutrition and the environmentally friendly way of life will result in an expansion of the production capacity while at the same time increasing the quality and optimization the activity of Phytopharma EOOD. In this way the project will directly contribute to the implementation of the main strategic objectives and directions of the enterprise development in accordance with established traditions and good practice. Higher production capacities with guaranteed end-product quality and optimal production costs while creating the opportunity to produce vegan gelling material capsules will contribute to expanding market positions on the domestic and foreign markets, resulting in a tangible increase in financial performance and economic sustainability of the company over the long term.

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Overview

Status Closed (completion date)
Start date 03 Feb, 2020
End date 15 Apr, 2021
Contract date 03 Feb, 2020
View in UMIS

Beneficiary

Financial information

Total cost 600,000.00
Grant 420,000.00
Self finance 180,000.00
Total paid 419,706.00
EU participation percent 85.0%

Location