This project proposal provides for the realization of an investment plan including purchase and entry into operation of production machines and technological equipment for the expansion and modernization of the machine fleet in order to improve the production capacity and increase the export potential needed to ensure sustainable growth, added value and competitive production of a wide assortment of advertising and printing products. The project proposal is aimed at obtaining financial support from Folliart Ltd. for investments in FTA - 7, related to the expansion of the capacity of an existing business site. Foliart Ltd. has developed commercial channels with growing needs of our products, with shortened delivery and delivery times. In connection with the analysis of the production processes and the planned expansion of the activity, in response to the needs of the market, the company identifies the necessity of introducing additional production capacities by purchasing Digital color machine printing machine 1 pc., Automatic machine for punching and hot printing 1 pc ., Automatic Packing Machine 1 pcs., Souvenir Printing Machine 1 pcs, Automatic Paper Perforation Machine 1 pc., Automatic Spiral Seal Machine 1 pc. and Automatic forging and perforating machine 1 pc. Pursuing its main goal, namely to be a modern, growing, competitive company, Foliart Ltd. aims at improving and upgrading the production processes of creating quality products by looking for the best methods for doing so. The results of the implementation of the project include increasing production capacity, productivity, adding qualitative features to our products, enhancing export potential, leading to better financial performance, added value, sustainable growth and expanding market positions at national and international level.
Overview
Status | Closed (completion date) |
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Start date | 17 Feb, 2020 |
End date | 19 Jun, 2021 |
Contract date | 17 Feb, 2020 |
Programme
Beneficiary
Financial information
Total cost | 529,693.32 |
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Grant | 370,785.31 |
Self finance | 158,908.01 |
Total paid | 0.00 |
EU participation percent | 85.0% |
Location