Ereste Star company pursues stable growth through the permanent development of its activity, using SMEs financial support.
ERESTE STAR CM SRL produces car bodies using the latest generation and innovative techniques. The Company permanently invests into the modernization of the technological processes, working conditions, energy efficiency equipment. It aims at consolidating, growing and sustainably developing their production capacities by making investments in machinery and equipment meant to bring additional quality and value to their products. In order to improve its competitiveness and further growth , the Company decided to use financials support to improve its production capacities.
Resources needed
This Project is financed by ROP 2014-2020, Priority Axis 2 - Improving the competitiveness of SMEs, Investment priority 2.2 - Supporting the creation and expansion of advanced capabilities of production and development of services. Investment was 424,000 EURO.
Evidence of success
The Company improved their existing technologies. As a result, they reduced the impact on the environment, increased production volumes and time-efficiency. With the acquisition of modern equipment, the Company improved its production of bodies for motor vehicles, manufacture of trailers and semi-trailers, containers intended to be used for one or more modes of transport. In general, the Company managed to increase its turnover and market share.
Potential for learning or transfer
This good practice serves as an example of how state financial support can help business to further expand their operations and create new jobs. Additionally, by creating new jobs and by purchasing high-performance equipment, the Company managed to increase its productivity, which also leads to increased competitiveness.
Tags: Good practice, Access to finance, Competitiveness, SME, Transport
