On 20 October 2017, ICECO ledai UAB signed an agreement with the Public Institution Lithuanian Business Support Agency, according to which it will receive financial assistance for enhancement of productive capacity and stimulation of competitiveness under the Measure 03.3.1-LVPA-K-803 Regio Invest LT+ of Priority Axis 3 ‘Promoting the competitiveness of small and medium-sized business’ of the Operational Programme for EU Structural Funds Investments for 2014-2020.
The project is aimed at increasing productivity and output of ICECO ledai UAB. This project involves implementation of modern technologies and creation of new manufacturing capacities for production of innovative products.
According to Mantas Šalauskas, Director of ICECO ledai UAB, the signing of the agreement symbolises the starting point for development of new productive capacities of the company, which will allow both to strengthen its position on the local market and to enhance attractiveness of the company’s products on foreign markets.
Successful implementation of the project is anticipated before April 2019.