Improvement of production capacity in "Pano-tech" Ltd., by purchasing new equipment

The activities envisaged within the framework of this project will be implemented on the territory of LAG Ardino - Djebel, and in particular on the territory of Ardino municipality. The project aims to increase the competitiveness of the local economy and opportunities to support local business by creating an environment to increase the productivity and competitiveness of SMEs in the LAG, improve production processes, increase the production capacity of SMEs, and hence the promotion of entrepreneurship and the creation of sustainable enterprises that will provide employment to the local population and opportunities to increase its income. The current project envisages investment in modern equipment leading to the introduction of technological solutions to improve resource efficiency and effectiveness in the production process and create an environment for sustainable development of "Pano-Tech" Ltd. as a prerequisite for permanent increase of its competitiveness. To achieve this goal, the company plans to purchase 61 sewing machines to optimize the production process in the company, contributing to improving the quality of products and resource efficiency in the long run. The planned equipment is modern, high-tech and innovative, which will contribute to a positive impact on the environment. The successful implementation of the project requires realistic planning of the whole process and a balanced distribution of activities during its implementation. The activities and their time scope are linked to the objectives set in the project and are necessary for their implementation, ensuring the expected results.

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Overview

Status In execution (starting date)
Start date 25 Mar, 2022
End date 25 Jun, 2023
Contract date 25 Mar, 2022
View in UMIS

Beneficiary

Financial information

Total cost 275,507.00
Grant 247,956.30
Self finance 27,550.70
Total paid 0.00
EU participation percent 85.0%

Location

Bulgaria, South-West and South Central Bulgaria (BG4), South Central (BG42), Kardzhali (BG425), Ardino, Ardino