Growth capacity for “STAR NAILS BULGARIA” Ltd

STAR NAILS-BULGARIA Ltd.was founded in 1993 as a commercial structure.At the beginning the company's activities were predominantly in the trade of products for manicure and pedicure.In 2000 the company launched its own production, which is known on the market under the brand SNB, as assortment of brand today has more than 200 articles and continues to grow. In 2014 the company built its own factory in Plovdiv with over 1200 square meters building stock that meets the capacity and profile of the company.Typical for the company is that we do not seek to mass markets, we produce and sell natural professional beauty products. 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. It is envisaged through the project to be implement activity for improvement the production capacity of the company by purchasing new technological equipment: Machine for filling bags with a liquid, gel and bulk products and Labeling machine for tubes, sachets and bags.The planned investments are 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 puts us 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 products. 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 In execution (starting date)
Start date 03 Feb, 2020
End date 03 Feb, 2021
Contract date 03 Feb, 2020
View in UMIS

Financial information

Total cost 383,500.00
Grant 268,450.00
Self finance 115,050.00
Total paid 134,172.50
EU participation percent 85.0%

Location