Implementation of an investment plan for the purchase of technological equipment in order to improve the production capacity, competitiveness and export potential of Aries Cosmetics Ltd.

This project proposal provides for the creation of the necessary prerequisites for improvement of the production Capacity needed to ensure sustainable growth, added value and competitive production of a variety of products: hand and body creams, lotions, toiletries, shampoos, shower gels, hair masks, hand cream creams and more. toiletries. The project is aimed at obtaining a grant from Aries Cosmetics Ltd. (a small producer with an identified potential for a rapidly growing market share) for investments in FTA related to the expansion of the capacity of an existing business site. The project is aimed at increasing the production capacity of the applicant, expanding the market positions and increasing the competitiveness and export potential of the company. Target groups: The project is implemented on the territory of an existing business site in Varna and is aimed at meeting the needs of traders and retail chains of perfumery and toiletries. Aries Cosmetics Ltd. has well-developed commercial channels with rapidly growing needs of our production. In connection with the planned expansion of the activity as a result of the increased demand for manufactured products, Aries Cosmetics Ltd. analyzes the weaknesses in its production chain and identifies the need for additional technological refurbishment to remove them, expanding their technological equipment by purchasing a "Hot water production and technological cooling system with waste heat recovery" 1 pc., "Industrial inkjet printer (for marking and coding)" 1 pc., "Direct printing system on bottles" 1 pcs. and "Rotating machine" 1 pc. The project proposal includes activities to invest in tangible fixed assets needed to reduce production times, improve production capacity and export potential, such as planned outputs.

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Overview

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

Financial information

Total cost 148,352.58
Grant 103,846.81
Self finance 44,505.77
Total paid 80,878.58
EU participation percent 85.0%

Location