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VALINOR has started the implementation of project under Operational Programme „Innovations and Competitiveness" 2014-2020,

Procedure BG16RFOP002-2.001 "Improving the production capacity in SMEs"

On 23.12.2015г. Valinor Ltd. signed contract with Ministry of Economy of the Republic of Bulgaria under OPIC procedure "Improving the production capacity in SMEs" for financial grant. The project „Increasing productivity of Valinor Ltd. by purchasing high-performance equipment." will be implemented under contract for financial support № BG16RFOP002-2.001-0467-C01, under Operational Programme „Innovations and Competitiveness" 2014-2020. The implementation period of the project is 18 months, with a total budget of 356470.00 BGN, of which the grant is EUR 249 529.00 BGN and 106 941.00 BGN is the co-financing by the beneficiary.

The general project objectives are to improve market positions and to achieve better competitiveness of "Valinor" Ltd., by means of raising the productivity of the manufacturing process, through investment in the purchase and implementation of high-performance equipment in company's furniture manufacturing. Thus, Valinor Ltd will improve the production processes, which will have a positive effect on the quality of the final products, as well as shortening the deadlines for the execution of orders and will also enable optimal results, close to the customers' individual preferences and expectations.

Company "Valinor" Ltd. is specialized in the field of furniture design and production of furniture. Taking into account the specific manufacture, an objective under this project is the purchase of high-performance machines for woodworking and sewing, which will shorten the time of order execution, significantly. By implementing compressor system to upholstery unit, the company will optimize the production costs and expects to increase the net sales revenue.

The beneficiary will conduct a procedure for selection of contractors under the provisions of the Decree 118 of the Council of Ministers of Bulgaria for subcontracting with suppliers of machines and equipment via "Public selection call".

The implementation of the new machines within the Valinors' manufacture will enlarge the company's capacity and will assure the project successful realization, as well as will enable modification of existing products in different sizes and volumes, competitive on international level.

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Project BG16RFOP002-2.001-0467-C01 „Increasing productivity of Valinor Ltd. by purchasing high-performance equipment.", funded under Operational Programme „Innovations and Competitiveness", co-financed by the European Union, through the European Regional Development Fund.