Improvement of production capacity in Mihamax Engineering Ltd.

The project aims at increasing the competitiveness and production capacity of Miamax Engineering OOD and increasing the export potential, which will result in an improvement of the market presence of Bulgarian SMEs. At present, the company has reached its full production capacity and is unable to accept orders to produce new products, as well as to increase the capacity of its current production to manufacture industrial vacuum cleaners and industrial dust collection systems. Successful implementation of the project will enable the implementation of technologies to optimize and improve production and technological processes, achieve higher productivity, reduce production costs and optimize the production chain. The main project activity is focused on the delivery, installation and commissioning of modern technologies and equipment for the production of new high quality products that comply with the European norms and requirements. With the new equipment, all products will be produced in the company, which will help expedite production faster and save unnecessary shipping costs and counterparty payments. The enterprise will be able to produce complete assembled products, not just details, which will shut down the process to the end user and will reduce the delivery time to customers many times. As a result, the potential for production and export of high added value products will be increased and competitive, efficient and efficient production will be developed to ensure sustainability and good economic impact for the enterprise and to increase employment. Innovative technologies will also improve resource efficiency, increased production capacity and product quality, good management systems, and new business models and practices.

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Overview

Status Closed (completion date)
Start date 30 Mar, 2021
End date 30 Mar, 2022
Contract date 30 Mar, 2021
View in UMIS

Financial information

Total cost 392,000.00
Grant 274,400.00
Self finance 117,600.00
Total paid 0.00
EU participation percent 85.0%

Location