Aroma Essence Ltd. was founded in 2007 and is based in the town of Kazanlak, using the richness of the Bulgarian nature and in particular the Rose Valley, we create our cosmetic and perfumery products by incorporating natural essential oils, plant extracts, rose water, glycerine and others. In the highly competitive environment and growing market, we are faced with the challenge of taking advantage of the favorable conditions for expanding our market positions and conquering new ones by responding to increased consumer demand for perfume and toilet water with limited resources for financing new capacities and technologies to increase production capacity and optimize production processes to reduce production costs. This also determines the OBJECTIVE of the project: "Improving the competitiveness and strengthening of the export potential of Aroma Essence Ltd by improving the production capacity" In order to achieve this goal, an activity will be carried out to improve the production capacity of Aroma Essence Ltd by purchasing 14 high-tech production equipment. The planned investments within the activity are aimed at increasing production volume and reducing production costs in perfume and toilet water production. The expected results from the implementation of the project are related to increasing the production capacity, enhancing the export potential, and improving the market presence of the company, which is a prerequisite for sustainable development.
Overview
| Status | Closed (completion date) |
|---|---|
| Start date | 04 Feb, 2020 |
| End date | 04 Feb, 2021 |
| Contract date | 04 Feb, 2020 |
Programme
Beneficiary
Financial information
| Total cost | 523,398.00 |
|---|---|
| Grant | 366,378.60 |
| Self finance | 157,019.40 |
| Total paid | 183,189.30 |
| EU participation percent | 85.0% |
Location