NORWEGIAN FINANCIAL MECHANISM 2014–2021 PROGRAMME “BUSINESS DEVELOPMENT, INNOVATION AND SMES” CALL FOR PROPOSALS UNDER ICT FOCUS AREA
The project involves installing innovative digital equipment to optimize the production process, reduce waste, and increase efficiency, leading to lower production costs and higher-quality products.
The use of digital technology will enable AB „Lietkabelis“ to produce sustainable products, meeting the growing market demand.
The partnership with a Norwegian company will provide AB „Lietkabelis“ access to the partner's expertise in implementing ICT (digital technologies) and optimization solutions, which will improve the company's competitiveness.
The project will expand the company's production capacity, offering higher value-added products and positioning it as a leader in green industry development in Lithuania, enhancing its brand image and attracting more customers and investors.
Total project’s eligible costs
1 686 376 Eur
600 000 Eur
Signing the financing agreement
End of the contest and announced the winners
The signing of the agreements with equipment producers: "Niehoff" and "Rosendahl Nextrom"
Project end date
AB „Lietkabelis“ and Espero AS, the Norwegian partner, will cooperate in implementing a new automotive cable production line using digital technologies. Espero AS will provide its expertise in the field of digital technologies to help AB „Lietkabelis“. This will increase efficiency, reduce waste, increase production capacity, and increase labor productivity. AB „Lietkabelis“ will benefit from the partnership by reducing costs and improving production processes. The partnership is expected to contribute to the long-term growth and competitiveness of both companies, as well as to the strengthening of bilateral relations between Norway and Lithuania.
More about NorwayGrants
Project promoter contacts:
J. Janonio g. 4
+370 45 50 27 00
Project partner contacts:
1394 Nesbru, Norway
Tel.: + 47 66 85 59 59