Project Implementation: “Expansion of Production Areas and Acquisition of New Equipment”

Project Period: March 2022 till February 2025
Company: SIA “L.Ē.V.” (Extracts Factory)
Funding: European Agricultural Fund for Rural Development, Latvian Rural Development Program 2014–2020
Measure: “Investments in Physical Assets”
Project No.: 22-06-A00641-000025
Project Title: “Expansion of Production Areas and Acquisition of New Equipment”

Project Goals:

✔️ Equipment Modernization: Acquisition of new electrically heated boilers and reactors
✔️ Facility Renovation: Adaptation of production facilities to meet good manufacturing practice requirements
✔️ Production Expansion: Construction of additional space for new equipment installation to increase production capacity, improve work efficiency, and enhance product quality

Project Funding:
Total Eligible Costs: 278,965.11 EUR
Public Funding: 111,586.04 EUR

European Agricultural Fund for Rural Development (EAFRD)
More information on the European Agricultural Fund for Rural Development is available on the European Commission’s website.