Improvement of the production capacity of RT Plus Ltd. in order to increase the its competitiveness and strengthening its Export Potential

"PT PLUS" Ltd. specializes in the production of presses for direct pressing, casting of aluminum alloys under pressure, shapes for casting of tsam, injection molds and other non-standard tools. The company's ambition is to develop its product range and improve its production processes to meet the ever-increasing demand and needs of the national and international markets. It is precisely the optimization of production processes and the expansion of technological production capabilities to play an important role in the implementation of the company's development plans. The equipment available to the company does not allow us to reach the desired production capacity and to meet the ever-increasing demands of the customers related to the quality of the production.These negative factors limit the opportunities for market development and growth of the company, which determines the necessity of introducing in the production of new high-tech equipment, subject of this project. In this respect, the current project, which envisages the purchase of tangible fixed assets, namely three types of injection molding machines, is the necessary step to achieve the company's goals of re-introducing new technologies that will optimize production and improve its efficiency and efficiency , as a condition for the sustainable development of the company.The current workload and the built-in customer network provide confidence to the company in the investment decision aimed at delivering the highest world class equipment to complement the investments already made and bring the company to a qualitatively new stage in European markets. As a result of the project, shorter deadlines for order execution will be achieved and a much higher quality of products with maximum cost efficiency, creating potential for export and capacity enhancement. The project falls under the category "expanding the capacity of an existing business site".

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Overview

Status Closed (completion date)
Start date 04 Feb, 2020
End date 04 Feb, 2021
Contract date 04 Feb, 2020
View in UMIS

Beneficiary

Financial information

Total cost 1,006,274.00
Grant 704,391.80
Self finance 301,882.20
Total paid 70,439.18
EU participation percent 85.0%

Location