EU project – Industry
Altechna Coatings is currently implementing the Project according to instrument Industry Digitalization No. 03.3.1-LVPA-K-854-01-0014 partially funded by the European Regional Development Fund. The aim of the project is to expand the company’s infrastructure for efficient coatings production and increase the volume of the company’s sales. During the span of the project, the company is planning to purchase and implement digital technologies into the production process.
These technologies will enable the assurance of high-quality innovative products, whereas productivity growth and reduction of the production costs will provide an opportunity to offer the customers competitive prices for the products.
The total value of the project amounts to 1,929,500 euros, of which 636,735 euros are a subsidy from the European Union and 1,292,765 euros are the company’s own funds. The project activities started on the 31st of May 2019 and will be completed on the 29th of May 2022.