Success stories co-financed by CEC Bank

. (Translated by Cosmin Ghidoveanu)
Ziarul BURSA #English Section / 31 mai 2012

Success stories co-financed by CEC Bank

Romad wants to access more European funding in the future

Romad Braşov accessed co-financing as part of the National Rural Development Program as part of the measure 121 Expansion and modernization of a farm for breeding and growing of turkey hens, in the commune of Halchiu, county of Braşov, project which has been completed.

Gheorghe Dudu, shareholder and manager of Romad Braşov, said: Given the cutting edge technology, no investments will be necessary, at least for the coming three years, when it comes to the technological upgrade, as the farm specializes strictly in raising and fattening turkey hens and chickens for meat.

However, we are considering going to other types of activities as well, such as producing roughage.

The representative of the company considers that accessing European grants has been beneficial for the business and wants to access other such programs, for different measures.

The beneficiaries are advising other companies looking to access European grants to pick qualified consultants, to draft clear and feasible projects and to choose a partner, namely a bank to negotiate with from the initial stage. In that regard, we would heartily recommend that they resort to the support of CEC Bank, Mr. Dudu said.

He went on to say: By accessing this program, we were able to get the use of the latest technology, at a cost of 50% of the value of the project, thanks to the co-financing using European grants, the specialized assistance, as well as thanks to the cooperation with CEC Bank and their guidance as co-financing partner, which allowed the company to experience optimal growth.

Brodconf SRL: We found out about accessing European grants from the media

Brodconf SRL Pecica accessed the Regional Operational Program, Axis 4, Operation 4.3 Supporting the development of microenterprises.

Dan Mihet, the shareholder of Brodconf has the following to say: The increasing demand from our partners have caused to increase production. We found out about accessing European grants from the mass-media. Sometime after that, my sister took a project management course to better understand the entire process, and she was the one who drafted all the documentation.

He said that he asked several banks for information on co-financing for the implementation of his project, and he eventually opted for the cooperation with the Arad branch of CEC Bank. We have found with them a total support and openness in the implementation of our project, and so far our cooperation has been profitable for us. We could say that from our point of view, CEC Bank is a true partner, Dan Mihet said.

In his opinion, the selection of the consulting firm needs to be made very carefully.

Brodconf SRL was created in 2003, out of the desire to develop a business which would offer integrated embroidery services to the companies outsourcing the manufacturing of clothing, leather items, shoes, accessories to Romania.

The headquarters and workshop of Brodconf SRL is located in the town of Pecica, in the Western region of the Arad county.

Its main line of business, which accounts for more than 90% of the total turnover, is the making of embroideries on various items made from textile material, leather, etc. The manufacturing of the various advertising items made out of textile material hold a much lower weight.

Some of the company's customers include makers of textile apparel, footwear, accessories, companies which sell protective and work equipment, advertising agencies, hotels, restaurants which customize their textile outfits, as well as other industrial or commercial companies looking to promote their brand, their products or their name to customers, partners, suppliers etc.

The end-users of the products on the European market include renowned fashion houses such as: Escada, Quiksilver, Lacoste, Armani, Tommy Hilfiger etc.

The project has been financed as part of the regional operational program, Axis 4, Operation 4.3 Supporting the development of microenterprises

The main activities of the project:

- the construction of its own manufacturing area

- the acquisition of a new embroidery machine in order to increase productivity.

CEC Bank granted a financing facility in the form of a line of credit for investment projects financed using European grants.

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