Designation of the Project:

| Creation of a manufacturing plant for the production of diamond wire

Project Code:

ALT20-01-0853-FEDER-040183

Main Objective:

Enhancing the competitiveness of PMEs

Region of Intervention:

PO Alentejo

Beneficiary Entity:

X-DIAMOND - INTERNATIONAL DIAMOND TOOLS, S.A.

Date of Approval:

03-10-2018

Start Date:

01-01-2019

End Date:

30-09-2021

Total elegible cost:

1.100.858,33€

European Union financial support:

660.515,00€

Objectives, activities and expected results:

XDiamond intends to start the production of diamond wire, gaining greater control of the value chain, and offering a higher added value for the customer, reconciling the equipment it sells with the product they use, satisfying customer demand.
In the year after project they aim to achieve a VN of 1,269,491.37 €, a VAB of 417,770.85 € and a creation of 1 qualified job.

Designation of the Project:

Creation of a manufacturing unit for cutting-edge cutting machines

Project Code:

ALT20-01-0853-FEDER-072244

Main Objective:

Enhancing the competitiveness of PMEs

Region of Intervention:

PO Alentejo

Beneficiary Entity:

X-DIAMOND - INTERNATIONAL DIAMOND TOOLS, S.A.

Date of approval:

25-06-2021

Start Date:

10-07-2021

End Date:

30-06-2023

Total elegible cost:

947.259,35€

European Union financial support:

287.836,28€

Objectives, activities and expected results:

To carry out its strategy, X-DIAMOND will create a new establishment, located in the municipality of Estremoz, where it will be dedicated to the production of multi-wire, single-wire and quarry wire cutting machines for the extractive and manufacturing industry in the sector. of ornamental rocks. X-DIAMOND intends to use its vast experience and technical knowledge to reformulate the machines currently produced in partner companies and thus, enhance the responsiveness, always taking into account the latest technological advances in terms of diamond tools. In addition, in the post-project year, it is intended to achieve a GVA of €1,291,764.64, a turnover of €4,683,068.63 and the creation of 7 qualified jobs.