Improvement of the production capacity and enhancement of the export potential of ADVANS Ltd.

ADVANS Ltd. is a developing company with over 10-year history in production, installation and repair of equipment for recycling, mining and chemical industry. In its production practices, the company tries to achieve the best ratio between functionality, productivity, quick implementation and end product prices. The company has maintained stable business relations with Bulgarian and foreign partners and has continuously developed strategies to attract new clients, to provide high quality and quick provision of services to clients, and to complete consideration of their needs and requirements. This makes it necessary to have better organization, higher production efficiency and flexibility in the performance of complex technological tasks, which also suggests higher requirements for precise item production. In order to keep the trend of offering a wide range of products and services with a high quality that meets the European standards, as well as to ensure flawless servicing and meeting customers’ needs of tailormade solutions at a good price, ADVANS Ltd. needs to make an investment in high-tech equipment (hydraulic abcant press, band sawing machine, universal lathe) for the main stages of the production process (folding of sheet-worked parts, cutting of big-sized profiles, processing of rotational details) for: ~improving production processes and closing the production cycle ~improving the quality of production ~increasing the production capacity ~increasing productivity ~shortening the time for fulfilling orders ~enhancing the efficiency of production costs ~reducing production’s value ~increasing revenues from sales and export ~expanding the company’s market share by reaching more clients within the country and outside it. This would guarantee the development of the competitive and export potential of ADVANS Ltd. and would improve the company’s market presence in Bulgaria and abroad.

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Overview

Status Closed (completion date)
Start date 18 Feb, 2020
End date 18 Feb, 2021
Contract date 18 Feb, 2020
View in UMIS

Beneficiary

Financial information

Total cost 345,100.00
Grant 241,570.00
Self finance 103,530.00
Total paid 0.00
EU participation percent 85.0%

Location