Growth capacity for LAVENA JSC

Lavena JSC already has 50 years tradition in the production and marketing of cosmetics and liquid dosage forms. The main activity of Lavena JSC is in three main directions: production of cosmetics, production of essential oils and since 2009 - production of liquid nutritional supplements. Lavena JSC is well known worldwide for its various cosmetic lines and high-quality essential oils. We strive to be trustworthy manufacturer, offering consistently high quality of products, with a permanent expansion of the market share of already traditional and well-known products and brands. The company develops its main economic activity in one of the groups of economic sectors defined in the National Strategy for Promotion of Small and Medium Enterprises 2014-2020. The main project activity is aimed at increasing the capacity of an existing economic object. It is envisaged through the project to be implement activity for improvement the production capacity of the company by purchasing new technological equipment. The planned investments are aimed at improving the production processes, reducing production costs and improving the products offered. The need for planned activity is determined by increasing product range and limited production capacity of existing equipment, which prevents the increase in production and puts us unable to meet all orders. The technological equipment envisaged for purchase has been selected in order to be used to produce a larger and more diverse volume of cosmetic products. Expected results are related to increasing the competitiveness of the company and its more successful presence in the national and foreign markets by increasing the production volume, optimizing the production processes, achieving higher productivity, reducing the production costs, improving the products offered.

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Overview

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

Beneficiary

Financial information

Total cost 1,626,904.00
Grant 976,142.40
Self finance 650,761.60
Total paid 390,456.96
EU participation percent 85.0%

Location