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EU project – Industry Digitalization – Project Completed
Altechna implemented 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 purchased and implemented digital technologies into the production process.
These technologies enabled the assurance of high-quality innovative products, whereas productivity growth and reduction of the production costs provided an opportunity to offer the customers competitive prices for the products.
The total value of the project amounts to 1,932,400 euros, of which 638,185 euros are a subsidy from the European Union and 1,294,215 euros are the company’s funds. The project activities started on the 31st of May 2019 and completed on the 31st of December 2023.