Investment & Fund Management

Tesnila Bogadi, a family-owned business in Slovenia specializing in the manufacturing of hydraulic seals, faced challenges in increasing its production capacity to remain competitive in a demanding market. To address this issue, the company sought financing from the Slovene Enterprise Fund (SEF) for the purchase of advanced computer-numeric-control (CNC) machinery. This investment was crucial for enhancing their manufacturing capabilities, allowing for computerized control of machinery, which is more efficient than manual operations.

The SEF provided a loan guarantee, supported by the European Investment Fund (EIF) and the Investment Plan for Europe, aimed at fostering new investments in small and medium-sized enterprises across Europe. With this financial backing, Tesnila Bogadi planned to hire a dedicated operator for the CNC machine, which is expected to increase the value added per employee by 11%. The spokesperson for the company, Mrs. Marjeta Bogadi, emphasized the importance of adopting the latest technology to produce high-quality products, despite the associated higher borrowing costs.

This strategic investment not only aimed to boost production capacity but also to enhance revenue, positioning Tesnila Bogadi as the largest manufacturer of turned seals in Slovenia. The company expressed confidence that this move would help them stay ahead in a highly competitive market, ultimately leading to increased operational efficiency and profitability.