Improvement of production capacity of STROYPROJECT Ltd. in order to increase its competitiveness and strengthen its the export potential

"STROIPROEKT" Ltd. is one of the leading companies with more than 10 years of tradition in the production of signaling missiles, missiles against hail and other pyrotechnic articles. The qualification of engineers and contractors allows the implementation of innovative and complex construction products in this specific sector. For the last 5 years, STROYPROEKT EOOD has traveled a long way of expanding production capacities and areas and developing its production. Despite the current shrinking market conditions and high competition, the bidder is getting rising queries for more and more orders in ever larger volumes that define the potential for steady growth.The current workload and the built customer base give the company confidence in the investment decision - the subject of this project aimed at delivering the highest class equipment to complement the investments already made and to bring the company to a qualitatively new stage in European markets. The project envisages the purchase of tangible fixed assets designed to enhance the competitive advantage of the enterprise and to improve production capacity. The implementation of the activities will allow the automation of a large part of the processes and the improvement of the profitability through the incorporation of new technologies. New equipment is used at different stages of the workflow and will ensure a more successful presence on national and foreign markets by increasing production volume, optimizing the production process, achieving higher productivity and improving the quality and range of products offered . The project falls under the category "Extending the capacity of an existing business site" and the envisaged investments are directly linked to activities to improve the production capacity of the applicants. The overall effect of the project implementation is the expansion of the scope of business activity.

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Overview

Status Closed (completion date)
Start date 14 Feb, 2020
End date 18 May, 2021
Contract date 14 Feb, 2020
View in UMIS

Financial information

Total cost 1,105,454.00
Grant 663,272.40
Self finance 442,181.60
Total paid 150,183.90
EU participation percent 85.0%

Location