NEEDS In reference to the growing market opportunities in the market of Vacuum El System Ltd. and the technological and resource challenges facing our production, we need to invest in innovative technologies to improve production processes and resource efficiency. This will ensure the competitiveness and sustainability of the company as a factor for successful development. OBJECTIVES The overall objective of the project is to contribute to the sustainable economic growth of Vacuum El System Ltd. by introducing modern technological solutions to improve production and resource efficiency. Specific objectives: A. Reduction of used raw materials and auxiliary materials per unit of production while expanding the capacity of the business site by introducing innovative technological solutions in the production process. B. Improvement of waste management per unit of production while expanding the capacity of the business site by introducing innovative technological solutions in the production process. ACTIVITIES To implement the project objectives, four activities are to be implemented: Under Element A: 2 activities for 2 assets acquisition, with which production innovation is introduces to improve resource efficiency and expand production capacity. Under Element V: 2 activities to multiply the results of the project: organizing and holding 2 press conferences and 2 publications in media. EXPECTED RESULTS - improved resource efficiency and reduction of raw materials and auxiliary materials per unit of production - improved waste management per unit of production - Improved production efficiency and expanded production capacity - the opportunity is provided to multiply the results of the project among manufacturing companies, industry stakeholders and similar sectors, based on improved awareness of the possible positive effects of the implementation of the technology.
Overview
Status | Closed (completion date) |
---|---|
Start date | 23 Nov, 2018 |
End date | 13 Apr, 2020 |
Contract date | 23 Nov, 2018 |
Programme
Beneficiary
Financial information
Total cost | 2,499,999.01 |
---|---|
Grant | 1,499,999.41 |
Self finance | 999,999.60 |
Total paid | 1,499,556.00 |
EU participation percent | 85.0% |
Location