Improving the manufacturing capacity and enhancing the export potential of Tehnostil - X Ltd

he present project proposal envisages the realization of an investment plan of the company Techstil-X Ltd., which produces high quality, custom made elements and aluminum profiles for frames and details in size: profiles for doors, windows, curtain walls, profiles for winter gardens, aluminum blinds, garage doors . The company offers these products to other companies - producers of aluminum and PVC joinery, as well as to private clients (by preliminary order, on a specific order), intended for wholesale and retail customers. The project included the purchase and putting into operation of modern, high - performance equipment: 1. Double-headed welding apparatus; 2. A 3 axis CNC machine; 3. double head saw blade CNC for aluminium profiles. By purchasing this machine, the company will create the necessary prerequisites to improve production capacity and export performance needed to ensure sustainable growth, added value and competitive production of a variety of aluminum and PVC profiles. The project proposal aims to receive a grant from Technostil-X Ltd (a production company with the potential to rapidly increase its market share) for an investment in FTA-6, related to the expansion of the capacity of an existing business site in Targovishte. Technosl X has well developed sales channels with identified and established markets and customers. In connection with the planned expansion of the business and the internationalization of the company, additional production capacity will be introduced by purchasing the specified assets. The project envisages an increase in production capacity, productivity, export performance by penetrating foreign markets (mainly Germany), competitiveness, and financial results (growth in net sales revenue).

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Overview

Status Closed (completion date)
Start date 20 Feb, 2020
End date 23 Apr, 2021
Contract date 20 Feb, 2020
View in UMIS

Financial information

Total cost 174,156.88
Grant 121,909.81
Self finance 52,247.07
Total paid 0.00
EU participation percent 85.0%

Location