Improving the competitive power of company “Sisas BG" AD by increasing the production capacity and strengthening the export potential.

The current project is aimed at meeting the applicant’s following needs: 1. Optimization of the manufacturing process, decreasing the term of production and improving the resource efficiency; 2. Increasing the production capacity and expanding the exports. The project investments are aimed at: - Upgrading the manufacturing processes; - Reducing the production costs; - Improving the products, which the company offers. The implementation of the project will introduce modern equipment for manufacturing process optimization in order to supplement the needed technological equipment for the improvement of the production capacity. This will allow the candidate to expand its business and to improve its market positions. As a result, the following will be achieved: - Upgraded manufacturing process and increased production capacity for vacuum metallisation of Sisas BG’ products by 250 %; - Increased production capacity of the enterprise by 30 %; - Net sales revenue raise with more than 18% in 2022, in comparison with 2018; - Net income from export sales increase with more than 4% in 2022, in comparison with 2018. The following project goals will be achieved: - Specific goals: upgrading the manufacturing processes, increasing the volume of output, achieving higher productivity, reducing the production costs and improving the company’s products; - Main goal – improving Sisas BG Ltd.’ competitiveness by increasing the production capacity and expanding the exports. The target group of the project includes the candidate, the candidate’s personnel and the current and future clients of the company.

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Overview

Status Closed (completion date)
Start date 10 Feb, 2020
End date 13 Apr, 2021
Contract date 10 Feb, 2020
View in UMIS

Beneficiary

Financial information

Total cost 637,700.00
Grant 390,179.54
Self finance 247,520.46
Total paid 0.00
EU participation percent 85.0%

Location