Improvement of the production capacity of TEMPO M Ltd

TEMPO M Ltd. is a company with 100% private equity. The main activity of the company is related to the production of confectionery. TEMPO M Ltd. is one of the fastest growing companies on the territory of LAG-Tundzha, and its management strives to continue to meet the market demands and the high requirements of its customers by offering european quality and a wide range of confectionary products. The company has introduced the internationally recognized food safety standard FSSC 22000. Most of the products are sold domestically and about 10% of the produce is exported to Romania. At the present moment, the company manufactures and offers a wide range of confectionery products, which can be divided into three main groups: long-lasting sponge cakes, long-lasting syrupy sponge cakes, long-lasting sweets and honey cakes. The project proposal includes investments in production for the purchase of modern high-performance and energy-efficient confectionery machines (according to the attached technical specification), which will lead to an increase in production volume and to an improvement of the quality of the existing product range, as well as will allow the company to start the production of two new products: Turkish delight and dragée candies. The implementation of the project will lead to an improvement of the competitiveness of TEMPO M Ltd. through the introduction of new high-capacity production facilities, improvement of the production process, achievement of a higher productivity, reduction of production costs, optimization of the production chain and enhancement of the export potential of the enterprise.

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Overview

Status Closed (completion date)
Start date 17 Dec, 2020
End date 17 Dec, 2021
Contract date 17 Dec, 2020
View in UMIS

Beneficiary

Financial information

Total cost 273,025.27
Grant 245,722.74
Self finance 27,302.53
Total paid 0.00
EU participation percent 85.0%

Location