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EU Investment

Increasing the productivity of UAB "Ramundas GM"
UAB "Ramundas GM" since September, 2019 is implementing a project to increase the competitiveness of its products in the Lithuanian and European Union markets and to supply better quality products to its customers by investing in the purchase of innovative production equipment and modernization and development of its production infrastructure.
It is noteworthy that the acquisition and implementation of modern machinery is expensive and requires significant investments. As the company does not have sufficient funds for the purchase of modern equipment, company applies for support under the Regio Potential LT investment vehicle.
After the implementation of the project, it is planned to increase the amount of production and reduce the number of processes requiring manual work. The project contributes to the promotion of innovative development in the rural area. The company will invest in the purchase of production equipment, which will both improve product quality and output. Also focusing on increasing production capacity, UAB "Ramundas GM" will invest in the development of production infrastructure, while paying special attention to environmental preservation and sustainable development.
The project is funded by the European Regional Development Fund.
Project title: Increasing Productivity of UAB "Ramundas GM"
Project promoter: UAB "Ramundas GM"
Investment vehicle: Regio Potential LT
Priority: PRIORITY 3. Promoting the competitiveness of small and medium-sized enterprises
Invite code: 03.3.1-LVPA-K-850-01
The value of the project: EUR 595 000,00
Requested funding amount: EUR 208 250,00
Start of the project implementation: September 19, 2019
Completion of the project: May 20, 2021