Improving production capacity and enhancing the export potential of BULBIOCHEM Ltd

Bulbiochem Ltd is a company specializing at manufacturing of industrial coatings for corrosion protection - ground coat, paints, lacquers, etc. They are produced in several product series - alkyd coatings, acrylic coatings, epoxy coatings and polyurethane coatings, under the brand "BULMAT". The company is well known as a reliable supplier on the local market, as well as in several neighbouring countries, continuously increasing its customers. The focus of our future development is towards investing profits we gain into a new equipment for modernization and optimization of the technological process, while preserving quality and reducing production costs. The implementation of the project proposal includes purchase of: - Solvent recycling plant. - Automatic filling line. - Semi-automatic weighing machine. - Dissolvers and mills for the production of industrial coatings. The project aims at expanding the production capacity of the company, increasing its productivity, increasing the efficiency and competitiveness of production.

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Overview

Status Closed (completion date)
Start date 10 Feb, 2020
End date 12 May, 2021
Contract date 10 Feb, 2020
View in UMIS

Beneficiary

Financial information

Total cost 925,850.00
Grant 648,095.00
Self finance 277,755.00
Total paid 0.00
EU participation percent 85.0%

Location