The project team of the Machine Tool Factory of Novi Jelsingrad from Banjaluka has a decades-long tradition in the metal industry and has recognized the idea of developing a numerical angle bending machine that will provide ease of use, capacity increase and batch production. The idea was translated into a design and production project for a CNC hydraulic synchro press for sheet metal bending supported by the Challenge Fund.

“With the implementation of this very important project, we have expanded our product range. We expect sales growth, increased production volumes and new hires. It is a technologically advanced product and we expect to enter new markets. Three new employees were hired during the project implementation. The new product is focused primarily on small and medium-sized enterprises, which will accelerate the development of entrepreneurship and employment of all categories of population, "the company explained.

They are grateful to the donor for their support without which it would be difficult to implement such projects.

"The economy of Bosnia and Herzegovina has not yet recovered from well-known events, we also have a large population migration, so financing of development projects and investing in new equipment is difficult. We are grateful to the donor and we want to encourage other donors to follow the example of a fund like C2C, ”they say in Novi Jelsingrad.

Otherwise, this factory has been present on the market for more than 80 years. It specializes in the production of machine tools for metalworking. In addition to the basic production program, Novi Jelsingrad provides manufacturing services for various parts in the field of mechanical engineering in the countries of the region but also in Austria, Germany, France and Norway, which makes them a dominant export-oriented company. They employ staff in a variety of fields, which are the guarantor of recognizable quality and the highest standards of corporate governance where environmental and social responsibility is a priority.