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Increase of competitiveness and production capacity of Feroplast Ltd. KK.03.2.1.15.0071

The project applicant is the company Feroplast, and the goal of the project is to increase the competitiveness of Feroplast in the domestic and international markets by investing in strengthening technological capabilities. The purpose is to increase productivity and production volume by at least 30%, which will lead to a 40% increase in revenue and exports. The project will involve the procurement and installation of state-of-the-art equipment, and the production facility will be modernized and adapted for the integration of new equipment. The existing 27 employees will be retained, and 16 new employees will be hired. The target group includes the existing 27 employees, the 16 newly hired employees, current and future customers, and collaborators, while the ultimate beneficiaries will be the employees' families, the local community as a whole, and the economy of the Republic of Croatia. The implementation of the project will have a positive impact on job preservation and will directly affect unemployed individuals in the Istria County and surrounding areas. The procurement of new equipment will directly meet the needs of current customers, the ordered products will be of high quality due to the state-of-the-art machinery, and they will be delivered quickly due to expanded production capacity. This will also meet the needs of future customers, as their requirements will be met in terms of quality, delivery time, and all other factors. The implementation of the project will also positively impact Feroplast's suppliers, as the increase in sales revenue and export revenue will create a need for further investment and business expansion.

Dsc F7014

Goals and Expected Project Results

General Goal: To increase the competitiveness of Feroplast d.o.o. in domestic and international markets by investing in strengthening technological capacities.

Purpose of the Project/Specific Goal: To increase the productivity of Feroplast d.o.o. and production volume by at least 30%, which will result in a 40% increase in revenue and exports.

Expected project results are as follows:

  • R1: Technologically advanced equipment acquired and installed
  • R2: Production facility modernized and adapted for the installation of new equipment
  • R3: All current employees retained
  • R4: Recruitment process conducted, and 16 employees hired
  • R5: Existing and new employees educated

Total Project Value

The total project value amounts to 13,287,127.50 HRK, of which the total eligible costs amount to 10,629,702.00 HRK, and EU co-financing amounts to 4,810,167.65 HRK.

Msp Feroplast Za Na Web

Dsc F7058

More Information about EU Funds and Operational Programme

– strukturnifondovi.hr
– Operational Programme Competitiveness and Cohesion 2014 – 2020

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