Improving the production capacity of Prugini Penev Ltd.

Prugini-Penev Ltd. was created in 1997, specializing in the production of industrial springs from wire and metal bands - company NACE 25.93 Manufacture of wire products, chain and springs. The company produces springs with technical documentation from the customer or with a customer model. At the same time we are able to cooperate with the customer in creating technical specifications for new products. Our staff is very well-trained and highly qualified, having undergone training in major spring and coil production companies in Europe. The company was started with a staff of ten people, and worked mainly for Bulgarian companies in the food and beverage industry, electrical components industry, machine production and military industry. With time, investment in new machinery and continuous training of the production staff, the company managed to improve both the quantity and variety, as well as the quality of the products, which allowed for entering the export market. Currently, the company employs 49 people and about 7 % of the production goes outside the country, mainly to Russia, Germany, Belgium, France and other countries. The company constantly seeks dynamic development through the implementation of new technologies, which improve the quality and decrease the cost of production, searching for new market openings, increasing the variety of products and increasing external market positions. To achieve these goals Prugini-Penev intends to invest in an Automatic heat treatment line for martensitic hardening of small metal parts under the current project. The direct results of the installation of the new machines will include the optimization of the production process, increasing production quality, decreasing production costs, improving production efficiency and value added, all of which will improve the competitiveness of the company.

Comments
Leave a comment

Overview

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

Financial information

Total cost 1,007,056.87
Grant 704,939.81
Self finance 302,117.06
Total paid 571,001.23
EU participation percent 85.0%

Location