Programme: Innovations and Competitiveness

The project proposal includes activities for the company to provide:
- amelioration of production processes and opportunity to improve existing products;
- supply of equipment for adoption of new (for the company) technology – a centrifugal casting.
Implementation of activities under this project will be put into effect by a local team of specialists who are also involved with the production process as well with financial, economic and commercial activities. All the activities will run under direct supervision and monitoring by the Company Manager.
Project implementation will provide the company an opportunity to develop production capacity by acquiring new technology and significantly reducing discrepancies in the casting process.
Decided on purchasing metal processing machinery and equipment and implementation of adequate controls from entrance to exit constitute Long-lasting material assets. They are complementary to those planned to acquire Long-lasting intangible assets (technologies, methodologies representing the know-how). With their deployment, the company will gain capability for product development on existing markets and a fair chance to expand exports.
Through implementation of this project, the company expects to improve its competitiveness and to create the necessary potential for exporting its products. Along with fulfillment of this objective, it is expected to achieve higher productivity, reduction of production costs and losses from unsatisfactory quality of castings, better processing quality and, too, added value raise.
While performing the activities, company will ensure strict adherence to the statutory requirements for implementation of projects financed through public funds of EC and national budget.
The company has the option to finance its project activities by loans from servicing banks. The latter declared their readiness for lending.