In order to increase productivity by investing in the digitization of production processes, JSC Joldija is implementing a project co-financed from the European Union Regional Development Fund - “Implementation of Digital Technologies in JSC Joldija in order to increase the company's productivity” No. 03.3.1-LVPA-K-854-02-0078
In recent years, observing the growing competition in the market and in order to remain competitive and set goals for the development of the company's activities, especially its part related to the production of furniture fittings, JSC Joldija has identified the need to invest in technological production and IT solutions. To make targeted and best-performing investments, the company has acquired a technological audit service and, based on the findings, is implementing the project “Implementation of Digital Technologies in JSC Joldija in order to increase the company's productivity”. During this project, technological equipment with integrated digital technologies and an IT solution will be purchased.
The investments will enable JSC Joldija to increase the company's business volumes, sales revenue and efficient cost management, which will significantly increase the company's productivity.
Project implementation budget - 1,219,040.00 Eur
The amount of EU funding allocated is 428,014.00 Eur.
Project implementation period - 2020 December - 2022 December.
The project is implemented in accordance with Priority 3 of the European Union Funds Investment Operational Program for 2014–2020 “Promotion of Small and Medium Business Competitiveness” Measure No. 03.3.1-LVPA-K-854 “Industrial Digitization LT” (2nd call).