Improvement of the production capacity of AUTOMATION PLUS LTD

AUTOMATION PLUS LTD. manufactures high-tech products and technologies designed for automated control and control of processes in building and home automation which leads to reduction of the operational costs of energy and easy management of the used resources for heating, cooling, lighting and sun protection in one building or home. The current project is related to investments in specialized software applications, equipment and new technologies for increasing production capacity and enhancing the export potential of the enterprise. An investment is planned for tangible and intangible assets funded by the De minimis Aid Regulation, which will increase the production capacity of the enterprise and improve the production processes. It will overcome the bottlenecks in design and production, save basic resources, eliminate manual labor, and improve the quality of finished products. The project envisages increasing production for the domestic and foreign market and sustainable development of the company. The project proposal falls under the thematic area "Mechatronics and Clean Technologies" of Innovative Strategy for Smart Specialization, because it will support the production of more and better products representing smart systems and appliances and belonging to the sub-direction "smart homes"- "intelligent cities". The investment will provide improved production capacity across the enterprise and achieve rhythm of the production process. This will provide a higher added value for an enterprise that expects a growth in net sales revenue, an increase in export earnings, and an increase in productivity. When implementing the project, horizontal policies for equality and non-discrimination will be respected and environmental sustainability will be achieved.

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Overview

Status Closed (completion date)
Start date 07 Dec, 2020
End date 07 Dec, 2021
Contract date 07 Dec, 2020
View in UMIS

Financial information

Total cost 300,000.00
Grant 210,000.00
Self finance 90,000.00
Total paid 0.00
EU participation percent 85.0%

Location