Improving the production capacity in EUROMACHINE LTD

EUROMACHINE Ltd. was established in 2005. The company is specialized in design, production and implementation of automatic machines and lines for the light industry sector. EUROMACHINE Ltd. has its own manufacturing base and an innovative construction department, with the capacity to design the most non-standard ideas. This makes EUROMACHINE Ltd a preferred supplier on a national scale in the light industry sector. The company develops its main economic activity in one of the groups of economic sectors defined in the National Strategy for Promotion of Small and Medium Enterprises 2014-2020. The main project activity is aimed at increasing the capacity of an existing economic object. It is envisaged through the project to be implemented activity for improvement the production capacity of the company by purchasing new technological equipment - CNC lathe that performs operations turning and milling. The planned investment is aimed at improving the production processes, reducing production costs and improving the products offered. The need for planned activity is determined by increasing product range and limited production capacity of existing equipment, which prevents the increase in production and put the company in situation to be unable to meet all orders. The technological equipment envisaged for purchase has been selected in order to be used to produce a larger and more diverse volume of semiautomatic and automatic machines, and whole technology lines for the light industry sector. Expected results are related to increasing the competitiveness of the company and its more successful presence in the national and foreign markets by increasing the production volume, optimizing the production processes, achieving higher productivity, reducing the production costs, improving the products offered.

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Overview

Status Closed (completion date)
Start date 10 Feb, 2020
End date 14 Jan, 2021
Contract date 10 Feb, 2020
View in UMIS

Beneficiary

Financial information

Total cost 250,000.00
Grant 175,000.00
Self finance 75,000.00
Total paid 174,930.00
EU participation percent 85.0%

Location