The main activity of MITEV Ltd. is the production of special purpose machines. Pursuing its main objective, namely to be a modern, constantly developing and adequately market-oriented company, increasing its competitiveness and constantly enhancing its export potential, the management team of MITEV Ltd. strives to improve the production processes by seeking the best methods for doing so. The main needs of the company are related to the increase of the production capacity and the export potential. Satisfaction of both needs is one of the main goals of the project. Through the implementation of the project envisaged for the improvement of the production capacity, it will be possible to achieve the overall objective of the project. The main results of the activity are expected to improve the production process and increase the production capacity and strengthen the export potential of the company. To achieve the project results CNC gas-oxygen cutting machine (1 pc.), CNC turning center (1 pc.), Vertical 5-axis machining center with CNC (1 pc.), Welding machine type 1 (4 pcs.), Welding machine type 2 (2 pcs.) and Crane (1 pc.) will be purchased.
Overview
| Status | Closed (completion date) |
|---|---|
| Start date | 03 Feb, 2020 |
| End date | 19 Mar, 2021 |
| Contract date | 03 Feb, 2020 |
Programme
Beneficiary
Financial information
| Total cost | 1,052,000.00 |
|---|---|
| Grant | 715,150.00 |
| Self finance | 336,850.00 |
| Total paid | 714,483.00 |
| EU participation percent | 85.0% |
Location