Aradas UAB is implementing the project “Modernisation of window production at Aradas UAB” (No 03.3.1-LVPA-K-803-02-0022) partly funded by the European Regional Development Fund (No 03.3.1-LVPA-K-803-02-0022).
Project goal: to stimulate investment by small and medium-sized enterprises (SMEs) in the start-up and expansion of innovative manufacturing businesses, enabling them to increase labour productivity, create new jobs, and establish the preconditions for the faster development of Lithuanian regions.
Project activities: acquisition of new innovative equipment.
Aradas UAB is a fast-growing, innovative plastic and aluminium window and door manufacturing company. Most of its production is exported. The only way to stay competitive is to expand production and increase added value. The company intends to acquire new modern technological equipment and expand its product range.
New innovative products will be produced using the results of R&D activities by the company and its partners.
New qualified jobs to be created as a result of implementation of the project by the company.
This project is implemented under Measure No 03.3.1-LVPA-K-803 “Regio Invest LT+” under Priority 3 “Promoting the Competitiveness of Small and Medium-sized Enterprises” of the Operational Programme of the European Union’s Funds for Investments 2014-2020. The project is funded by the European Regional Development Fund.
Project budget: 1,260,000.00 Eur;
Project funding: 567,000.00 Eur.
Planned end of project activities: 2020.