SIA BAC METAL is a metal processing company that provides high-quality full-service metal processing services and produces high-quality metal products.
As the existing production capacity is already being used to the maximum, the company does not have the opportunity to increase the production capacity, as a result of which larger orders from existing customers are refused, as well as new orders from new, potential customers are not accepted. Therefore, a decision was made to make investments in the purchase of technological equipment.
As a result of the project implementation, the efficiency and competitiveness of SIA BAC METAL economic activity will be significantly increased. A new, modern and powerful metal laser cutting machine will be purchased, which not only increased the quality and volume of products but also reduced the environmental impact of the company’s production processes. In addition, production equipment such as a welding robot, a high-pressure compressor, a production compressor, an abrasive cleaning booth, and welding machines will be purchased to increase production productivity and efficiency.
Company | SIA BAC METAL |
Area of business | A metalworking company that provides high-quality full-service metalworking services and produces high-quality metal products. |
Name of the project | Purchase of technological equipment for the development of metal products production |
Project Nr. | 18-06-A00641-000145 |
Realization date | October 2018 – October 2019 |
Support program | Support for investment in the creation and development of non – agricultural activities |
Cooperation institution | Rural Support Service |
Aim of the project | Increasing the efficiency and competitiveness of the company’s economic activity. |
Description of the project | In the scope of the Project will production equipment such as a metal laser cutting machine, welding robot, high-pressure and production compressors, abrasive cleaning cabin, and welding machines will be purchased, which will fully maximize production capacity and significantly increase sales turnover, increasing the company’s overall market share in the metal products industry in Latvia. |
Total costs | 706 428.73 EUR |
Planned co-financing of EU funds | 280 000.00 EUR |