Faktum Bútor Kft. - Storage Procurement Funding Under Loan Program
- Beneficiary Name: FAKTUM Gyermekáruházak Kereskedelmi és Szolgáltató Kft.
- Contracted Loan Amount: HUF 120,000,000
- Loan Program Identification Number: GINOP-8.3.5-18/B Micro, Small and Medium-Sized Enterprises Technology Modernisation Loan Program
Purpose of Inventory Procurement Financing: FAKTUM Bútor Kft.., through the support of MFB Magyar Fejlesztési Bank Zrt. as the lender, received a HUF 120,000,000 loan under the GINOP-8.3.5-18/B Micro, Small and Medium-Sized Enterprises Technology Modernisation Loan Program. The company will use the loan to finance the storage of raw materials necessary for production.
Beneficiary Name: FAKTUM BÚTOR Ipari, Kereskedelmi és Szolgáltató Korlátolt Felelősségű Társaság
Project Title: Site Expansion, Techology Development and Efficiency Improvement at Faktum Bútor Kft.
Project Identification Number: GINOP_PLUSZ-1.1.2-21-2021-00011
Total Project Cost: HUF 444,036,160
Intensity of Funding: 50 %
Amount of Funding: HUF 222,018,079
Planned Date of Physical Project Completion: 2024.03.31.
Goal of Project:
- Increase of Production Capacity:
- Overcoming Competitive Disadvantage Arising from Technological Lag Compared to Foreign Competing Furniture Manufacturers
- Construction of a Finished Goods Warehouse to Support the Growing Order Volume, Including Associated Infrastructure (Truck Bay, Lighting, Fence, Gate)
Implemented Activities:
Within the project, equipment procurement, warehouse construction, and infrastructure development are being carried out.
Project Overview:
EQUIPMENT PROCUREMENT
With the automatic feeder and automatic dosing device procured under the project, it will be possible to set up a production cell that integrates both existing and newly acquired equipment into the production line. This will enable automated feeding and consistent material advancement, ensuring high-quality processing. Efficiency in the targeted department is expected to increase by 20%, while production losses will decrease.
The 6-head automatic profiling machine (planer), the double mitre saw, and the spindle sander ensure that solid wood processing technology maintains a high level of production quality.
HEADQUARTERS DEVELOPMENT
As a result of increased and more efficient production capacity, an expansion of the finished goods warehouse is necessary. Within the project, a finished goods storage hall with a gross floor area of 644.8 m² will be constructed, enabling faster and higher-quality fulfillment of partner orders.
The new finished goods warehouse will be equipped with a pallet racking system.
INFRASTRUCTURE
As part of the infrastructure investments, access roads will be concreted, and gates and fencing will be constructed. Thanks to this development, adequate infrastructure will be available to accommodate the increased truck traffic.
Implementation location: 15 Szigeti Street, 6754 Újszentiván, Hungary
With the planned developments, Faktum Kft. moves even closer to becoming one of Europe’s leading nursery furniture brands.
WORKING CAPITAL FINANCING OF FAKTUM BÚTOR KFT.
UNDER LOAN PROGRAM
- Beneficiary Name: FAKTUM Gyermekáruházak Kereskedelmi és Szolgáltató Kft.
- Amount of Contracted Loan: HUF 80,000,000
- Loan Program Identification Number: GINOP-8.3.5-18/B Micro, Small and Medium-Sized Enterprises Technology Modernisation Loan Program
technológiai korszerűsítése célú Hitelprogram
Purpose of the working capital financing: Thanks to MKB Bank Nyrt. as the lender, Faktum Bútor Kft. received a HUF 80,000,000 loan under the GINOP-8.3.5-18/B Loan Programme for the Technological Modernisation of Micro, Small and Medium-sized Enterprises. The company used the loan to finance the raw material inventory required for production.
