Deployment of cutting-edge technology for the expansion of production capacities
UAB Geralda’s strategic goal is to greatly improve the sales of its products on the local market and particularly on foreign soil. The company seeks to increase its sales by offering to the consumers innovative and environment-friendlier products that create a higher added value for the buyers. To achieve this, the company needs to complete a series of tasks: develop the products as such, customise the technology needed to make them, and take care of the sales aspects. UAB Geralda’s team has developed and patented an innovative product that requires unique and highly advanced equipment to produce. The implementation of this project calls for additional investments.
This project is implemented and the development of the production capacity by deploying cutting-edge technology is ensured with the help of funding from the European Regional Development Fund under the measure Regio Invest LT+ of the Operational Programme for EU Structural Funds Investments for 2014–2020, priority axis 3 ‘Supporting the Competitiveness of Small and Medium-sized Enterprises’. The total amount of the investments into the project that aims to increase the production capacity of the company stands at EUR 2,792,787.00, with the funding from the Regional Development amounting to EUR 977,475.00, and the rest of the financial resources is provided by the company itself.
The assistance from the European Union funds constitutes a very significant contribution to achieving the project’s goals. It will be used to purchase new cutting-edge equipment that will help us successfully commercialise this unique product and manufacture it on an industrial scale.
After the goals of the project have been achieved, the company will be able to successfully proceed with implementing its long-term strategy of boosting its production capacity, developing innovative and environment-friendly products that create added value for the clients, using cutting-edge equipment and technology to make them.