COORDINATION SYSTEM IN PLANNING, IMPLEMENTATION, MONITORING AND EVALUATION OF POLICY FOR BALANCED REGIONAL DEVELOPMENT

NOMINO LED

PROJECT DETAILS


Nomino Led DOOEL Gostivar has a plan to acquire machines that: - Will improve production processes within the company - Will increase the workload - Will minimize or completely eliminate working with ALUBOND (plastic + aluminum = combustible material) - Will start production with pure aluminum according to European standards The need arises with the outdated way of working due to the lack of machines in the Macedonian market. Currently, on the Macedonian market, all illuminated advertisements, billboards, led displays, structural facades, etc., are manufactured by ALUBOND. It is a mixture of plastic and aluminum, and plastic is easily flammable material. The plastic allows the final product to be easily bent and modeled, and hence it is massively used on Macedonian market, which does not have necessary machines that will use and produce pure aluminum (machines are expensive compared to standardly used machines that work with ALUBOND). ALUBOND is easily flammable, which does not meet European standards and is dangerous for the environment. By purchasing the machines, Nomino Led plans to completely eliminate the work with ALUBOND, to create a safe environment where it will deliver/assemble its products, and to be the first company to start the process of change and approximation to European laws. The purchased machines, - Apkant pressing machine – for shaping/bending aluminum - Guillotine cutting machine – for cutting aluminum, will ease the production process, will modernize the process, and the purchase of the machines will discard ALUBOND as a harmful and easily flammable material that does not comply with European regulations (it is expected that in the future the Republic of North Macedonia will adopt these European regulations for the protection of the environment). In addition, the company will achieve technological development in the area followed with accelerated economic growth, increasing the range of its products, and the quality will be in accordance with European standards. This process will generate more income from the company, increasing the sales and presence on both markets – domestic and foreign. The next phase will be the placement of the product in international markets as the company will increase its international competitiveness. With the introduction of new technology, the company will have a positive impact and improve business processes, at the same time creating added value for employees and society. This will contribute to an increased volume of production that will lead to new employment and an increase in the company's team. The aim of this project is: - Improvement of the final product production process - Increasing productivity and efficiency - Care for the environment - reduction of negative impact on the environment - Better quality and new product features - Creation of new sales channels - Possibility of expansion to new markets and increased export - Approximation to the regulations in the European Union
Project timeline:
Start 15.10.2023
Anticipated end 14.04.2024
End
Start date:
15.10.2023
End date:
Completion date:
14.04.2024
Type of project:
Локален економски развој
Institution:
Government of the Republic of North Macedonia / FITD
Municipality:
Tetovo
Budget program:
АДМИНИСТРАЦИЈА


Strategic measures

Strategic measureAllocated amount by projectsCompleted amount by projects
Подигнување на капацитетот на деловните субјекти од планските региони за пристап до расположливите финансиски средства за развој на бизнисот4.500.000,003.439.217,00


Indicators



Finance

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