Instrument: Eco-innovation LT+
Project No 03.3.2-LVPA-K-837-04-0041 (Project UAB NANDO PRODUCTION MODERNIZATION).
Value of eligible costs: EUR 449 565,75
Amount of funding: EUR 202 304,00
Start of the project activities: 09/02/2021
End of project activities: 31.08.2022
The project is financed by the European Regional Development Fund.
Objective
To introduce technological innovations, upgrade production and reduce negative environmental impacts.
Need
The company wants to increase production efficiency and reduce negative environmental impacts. Increasingly stringent legal requirements, increasing demands from business partners and growing public interest in the environmental performance of companies have led the company to invest in technological innovation. The company was subject to an environmental audit by external experts, who calculated the environmental impact of the company and made recommendations on how to reduce negative environmental impacts.
After the implementation of the project
EU support for the project will enable the company to purchase equipment to produce upgraded products using eco-design principles. The equipment will reduce the amount of raw materials used in production, energy consumption, the amount of harmful substances used to produce the product, waste management costs and environmental pollution. The introduction of these technological innovations is expected to increase the productivity and competitiveness of the company, as well as to improve its image.
