Improvement of production capacity in "Pnevmatika phoenix" EOOD

Pnevmatika Fenix Ltd is a Bulgarian company, the successor of 40 years of experience in the production of metal elements and their components. The main activity of the company is the design, manufacture, repair, maintenance and recycling of metal elements and pneumatic cylinders, filters, distributors, valves, chokes and other components, building entire systems in machine building, transport, food, energy and agriculture.Based on its experience and quality, the company has successfully established itself on the Bulgarian, European and Russian market, meeting their requirements. Efforts of the team and management lead to an increase in the volume of orders and diversification of the assortment.With this project proposal Pnevmatika Fenix Ltd makes use of the opportunity to apply for subsidy for the purchase of new machines, which will increase and diversify the produced products. At the same time, new jobs will be created for representatives of socially vulnerable groups, which will facilitate access to employment, provide support for their social inclusion and create conditions for their professional integration.The availability of own building stock and qualified personnel are prerequisites for the further successful development of the company, for which investment is envisaged in new equipment for improving the production capacity. For the successful implementation of this project proposal, Pnevmatika Fenix Ltd envisages the purchase of a CNC lathe.

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Overview

Status Closed (completion date)
Start date 11 Dec, 2019
End date 02 Jun, 2020
Contract date 11 Dec, 2019
View in UMIS

Financial information

Total cost 238,575.62
Grant 214,718.06
Self finance 23,857.56
Total paid 214,674.05
EU participation percent 85.0%

Location