Investment & Fund Management
Tesnila Bogadi turned to the Slovene Enterprise
Full Credential Description
Tesnila Bogadi, a family-owned business in Slovenia specializing in the manufacturing of hydraulic seals, faced challenges in increasing its production capacity to meet market demands. Established in 1998, the company sought financing to purchase advanced computer-numeric-control (CNC) machinery, which would enable them to enhance their manufacturing processes and maintain competitiveness in a rapidly evolving industry.
To address this need, Tesnila Bogadi turned to the Slovene Enterprise Fund (SEF) for financial support. SEF, in collaboration with the European Investment Fund (EIF) and under the Investment Plan for Europe, provided a loan guarantee that facilitated the acquisition of the CNC machinery. This investment was crucial for the company, as it allowed for computerized control of manufacturing processes, significantly improving efficiency compared to manual operations.
The implementation of the CNC machinery is projected to increase the value added per employee by 11%, reflecting a substantial enhancement in productivity. Additionally, the company plans to hire a dedicated operator for the CNC machine, further contributing to job creation. Mrs. Marjeta Bogadi, a spokesperson for the company, emphasized the importance of adopting the latest technology to remain competitive, stating that the investment would not only boost production capacity but also lead to increased revenues. As the largest manufacturer of turned seals in Slovenia, Tesnila Bogadi is committed to leveraging this technological advancement to solidify its market position.