Investment in a key area of the Production Process - Machining

• Project code

  Norte2020 - 02 - 0853 - FEDER - 022441

• Main goal

  Enhancing the competitiveness of small and medium sized companies

• Region of intervention

  North

• Beneficial entity

  M. ANTONIO SILVA, LDA

• Date of approval

  29/11/2016

• Date of begining

  06/09/2016

• Date of conclusion

  05/09/2017

• Total eligible cost

  662.253,00 EUR

• European Union funds

  FEDER - 496.689,75 EUR

• National/regional funds

  N/A

• Objectives, activities and expected / achieved results

  The company M. Antonio Silva Lda with this investment project aims in its entirety to produce products                                     innovations to a new niche market, surely contributing to further increase our export levels.                                     By implementing this investment we will incorporate new production technologies and new production planning systems                                     allowing to gain in efficiency, speed, flexibility and consequently significant gains in costs.                                     On the other hand, the added value of these products that the company produces contributes positively to the increase of the margins                                     of marketing. Rearrange and optimize the process to make our products more competitive at the same time                                     flexibility and production capacity is growing, allowing

  The results to be achieved within the framework of the project (set out in paragraph 4 of Annex D of the RECI), which are the subject of this contract, are the following:

  • a) Indicator I1 - Gross Value Added - GVA (post-project values): 920,375.48 Euros;
  • b) Indicator I2 - Creation of Qualified Employment - CEQ (post-project values): 5 Jobs;
  • c) Indicator I3 - Turnover - VN (post-project values): 2,300,938.70 Euros.