Increasing the production capacity of Apolo Ltd by purchasing machines for the production of specialized clothing

Apolo is a Bulgarian entity established in 1994 and in 1997 it has built its first clothes manufacturing factory. The company produces specialized professional clothing - military, police, uniform, service, hiking and hunting equipment and enjoys the reputation of a reliable manufacturer of high quality. This project proposal aims to improve the production capacity of Apolo Ltd. by purchasing the following fixed tangible assets necessary for the production of clothing: - Spreader - 1 pc.;  - Spreading table - 1 pc.;  - Cutting machine - 1 pc.;  - Flatlock sewing machine - 2 pcs.;  - Pattern Tacker Machine - 3 pcs.;  - Form finisher - 1 pc. The purchasing and implementing the above mentioned assets will increase the productivity of the company and the quality of their breathing, water-insoluble, windproof, thermoregulating and antibacterial products. The investment will allow the entity to expand the range of its specialized clothing by developing new models that meet specific demand and modern trends by additionally reducing the risk of error in production. This will help the future development of Apolo allowing them to increase their production capacity and respectively to gain bigger market share by helping them increase the quantity and the quality of the sold items in Bulgaria, Europe and the world.

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Overview

Status Closed (completion date)
Start date 21 Feb, 2020
End date 21 Feb, 2021
Contract date 21 Feb, 2020
View in UMIS

Beneficiary

Financial information

Total cost 531,889.00
Grant 372,322.30
Self finance 159,566.70
Total paid 0.00
EU participation percent 85.0%

Location