Increasing the competitiveness and enhancing the export potential of Djovani EOOD

Giovanni EOOD is one of the leading Bulgarian furniture companies, established in 2001, with its own production base and is specialized in the design, development, production and installation of furniture, using only the most up-to-date and certified materials. Thanks to the innovations of the machine fleet with high-performance and technological machines, the company succeeded in improving the quality of the furniture products produced and in expanding the market of the offered products. Nevertheless, the high competitiveness of the furniture market, especially when executing orders from abroad, definitely requires the development of separate technological units in the industry where low labor productivity and depreciated and obsolete equipment leads to the higher cost of the production of furniture, inferior production and marriage, and the use of hand tools slows down the production activities. There is also an insufficient production capacity to satisfy the market volumes of our production. In order to optimize the production processes with improved technology, we envisage the introduction of new innovative machines, which will also lead to improved productivity, reduced production costs and increased production volumes. The new equipment will also greatly improve the quality of the products offered by the company. The increased competitiveness will contribute to the better realization of the produced furniture on the domestic as well as the foreign market. To achieve this, this project has been developed and the main objective is to improve the production capacity of Giovanni EOOD by automating the individual technological processes on the basis of a higher level of technological interdependence between the different production processes. As a result, the competitiveness and the export potential of the company will increase.

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Overview

Status Closed (completion date)
Start date 01 Dec, 2020
End date 01 Dec, 2021
Contract date 01 Dec, 2020
View in UMIS

Beneficiary

Financial information

Total cost 1,071,400.00
Grant 749,980.00
Self finance 321,420.00
Total paid 0.00
EU participation percent 85.0%

Location