ELECTRONIC TECHNOLOGY PETRICH (ETP) Ltd. is a manufacturing enterprise established in 2011 and currently is one of the leading electronics companies. The company produces electronic integrated circuits and printed circuit boards by saturation with electrical, power and other specific components. The products produced by the company are an integral part of the automotive, telecommunication, security and surveillance systems, power tools, industrial machinery and medical equipment. The company has one production facility in Petrich, where the production facilities are installed. The main economic activity of the enterprise is under code 26.11 Manufacture of electronic components. Due to the high quality, the market interest in the products manufactured by ELECTRONIC TECHNOLOGY PETRICH (ETP) Ltd. is many times higher than the available production capacity. The low productivity of currently available equipment does not allow the orders to be executed within a short period of time, which limits the acceptance of new orders. In this regard, the ETPWayUp project envisages the following activities: - Improvement of production capacity (by purchasing Soldering line, 1 pcs. and Dispensing system, 1 pcs.). The acquired investment in this activity will be implemented under the "de minimis" regime and will be accomplished by expanding the capacity of existing business object, it is aimed at: - improvement of production processes; - reduction of production costs; - improving the company's products. The activity will be realized by purchasing Soldering line and Dispensing system. The expected results are to increase the company's competitiveness and its more successful presence of the national and foreign markets by optimizing the production process, achieving higher productivity, reducing production costs, increasing net sales revenue and improving the offered products.
Overview
Status | Closed (completion date) |
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Start date | 03 Feb, 2020 |
End date | 03 Feb, 2021 |
Contract date | 03 Feb, 2020 |
Programme
Beneficiary
Financial information
Total cost | 558,000.00 |
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Grant | 390,600.00 |
Self finance | 167,400.00 |
Total paid | 273,420.00 |
EU participation percent | 85.0% |
Location