Yota Ltd is a small enterprise for the production of fencing nets and panels. The present project is related to investments in machinery and equipment that will improve the production capacity and ensure the more successful presence of Yota Ltd. on national and international markets. Growth factor for the enterprise and its competitiveness is insufficient production capacity and an assortment to respond to increased market demand. In this connection investments in high-tech machines and equipment are required for: • Improvement of the production processes and reduction of the production costs by putting into operation of a high-speed reinforced machine for straightening and cutting of the material • Improvement of the products offered by commissioning of a high performance bending machine for 3D wire parts The introduction of the new machines will overcome the bottlenecks in the technological section for cutting and straightening wire by optimizing the production process and achieving higher productivity, overcoming the technological barrier to produce products with higher added value - ornamental fencing to satisfy their market demand. The implementation of the current project proposal will increase the competitiveness of Yota Ltd. and ensure its sustainable presence on the domestic and international market.
Overview
| Status | Closed (completion date) |
|---|---|
| Start date | 20 Feb, 2020 |
| End date | 09 Mar, 2021 |
| Contract date | 20 Feb, 2020 |
Programme
Beneficiary
Financial information
| Total cost | 817,495.53 |
|---|---|
| Grant | 572,246.87 |
| Self finance | 245,248.66 |
| Total paid | 571,900.00 |
| EU participation percent | 85.0% |
Location