Improvement of the production capacity and export potential of "ITM Product" Ltd.

"ITM Product" Ltd. is a company with proven innovative activity. This project is aimed at the purchase of tangible and intangible fixed assets, which will increase the production capacity by improving the quality of the produced products and the services offered, namely, to assemble the production of "trolleys" with high-quality Li-ion batteries with concentrated parameters, it is. with increased efficiency, reliability and working hours, operating in extreme conditions: from -40 ° C to + 60 ° C. Batteries are one of the main components of the "carriages" manufactured by ITM Product Ltd. Their price and reliability affect the price and reliability of the entire product, which is why the company wants to provide this car, starting with just producing the batteries in the batteries. At the moment, the company is unable to select the appropriate components to put them in "kara", but with the assets of the project, this will become possible. The organization of this process accompanying the main production will contribute to the overall optimization of production, while at the same time creating the conditions for serious growth and sustainability. This will be caused by the fact that such operation in Bulgaria and the region is not offered by another. The necessary for this FTA and DNA are as follows: 1. Test module for studies of electrochemical cells, modules, and batteries 2. System Computing Module 3. Applied software for characterization and labeling of electrochemical cells, modules, and batteries The project will be implemented on the territory of the - Pazardjik, where "Mechatronics and Clean Technologies" is a priority thematic area for these regions, according to the regional specialization of Bulgaria. The project's indicators prove the profitability of planned investments: • Internal rate of return 83.63% • Increase in net sales revenue / total project value 44.59% • Increased productivity of 38.57% • Change in average export earnings 25.09%

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Overview

Status In execution (starting date)
Start date 15 Dec, 2020
End date 30 Apr, 2022
Contract date 15 Dec, 2020
View in UMIS

Beneficiary

Financial information

Total cost 172,893.77
Grant 121,025.64
Self finance 51,868.13
Total paid 0.00
EU participation percent 85.0%

Location