Increasing the competitiveness, improving the capacity and the export potential of MEL CORRECT 74 OOD by acquiring highly specialized tangible fixed assets.

MEL CORRECT 74 Ltd. was founded in 2017 and is headquartered and operates in the town of Lom. The company is one of the leading companies in the region in the field of production of bakery and pasta products, according to the requirements of product standards. The level of the technology park is also essential for the quality of the production process and the products. The main limitation of the company is the use of obsolete and extremely depreciated equipment, covering the entire production cycle, including the part for shock freezing. Frequent accidents of the currently used equipment lead to a halt in the production cycle, and hence to a decrease in the capacity of the enterprise and a reduction in the number of products produced per unit time. These negative factors limit the opportunities for market development and growth of the company, which determines the need for introduction in the production of new high-tech equipment, subject of this project. The planned project activity is aimed at purchasing and introducing in the production of new equipment - professional equipment for the production of bread and pasta, consisting of 20 assets. This equipment directly affects the increase of the production capacity of the candidate company, as the presence of this type of machines will lead to a faster process and improve the quality of the offered products, will directly reflect on the reduction of production time and thus on the volume of manufactured products. The planned investments are the necessary step to achieve the goals set by the company related to the implementation of new technologies that will optimize production and improve its resource efficiency and effectiveness, as a condition for sustainable development of the company. As a result of the project MEL CORRECT 74 Ltd. will achieve shorter deadlines for its implementation with maximum cost efficiency, creating potential for export and increasing capacity.

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Overview

Status In execution (starting date)
Start date 25 Jun, 2021
End date 25 Jun, 2022
Contract date 25 Jun, 2021
View in UMIS

Financial information

Total cost 390,950.00
Grant 351,855.00
Self finance 39,095.00
Total paid 0.00
EU participation percent 85.0%

Location

Bulgaria, North and South East Bulgaria (BG3), North-West (BG31), Montana (BG312), Lom, Lom