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Funding period

Showing all data for 2014–2021

Business Development, Innovation and SMEs Completed

Development of new technology for production of modular timber truck superstructures

Metsatek ·Latvia

€351k
Grant awarded
Business Development, Innovation and SMEs
Programme
17 December 2021
Signed

About this project

<p style="text-align: justify"><span style="font-size: 14pt"><span style="font-family: &quot;Times New Roman&quot;, serif"><em><span style="font-size: 10pt">The objective of the project is to encourage export capacity and improve competitiveness of SIA Metsatek, by introducing a new product in production - prefabricated aluminium/steel timber truck superstructure with unique structural solution, as well as introduce innovational technologies, thus, considerably reducing environmental impact.</span></em></span></span></p> <p><span style="font-size: 14pt"><span style="font-family: &quot;Times New Roman&quot;, serif"><em><span style="font-size: 10pt">As a result of the project it is intended to develop technology for robotized production of the timber truck superstructure elements and introduce the production of the new type modular timber truck superstructure. By implementing the project and acquiring new equipment, SIA Metsatek will be able to ensure completely automatized technological processes, which will allow gradually introducing production of new product line and increase the turnover of the company in the fifth year (2028) following implementation of the project up to 2,98 million EUR, net profit up to 234 214 EUR and export volumes by at least 58%.</span></em></span></span></p> <p style="text-align: justify"><span style="font-size: 14pt"><span style="font-family: &quot;Times New Roman&quot;, serif"><em><span style="font-size: 10pt"><span style="color: #000000">Introduction of the new technology will result in reducing material consumption, minimized % of losses and spoilage, introduction of new production system with high degree of automatization and robotization. The project will result in achieving considerable reduction of environmental impact over the period of 5 years - 931.08 MWh (reduction of consumed energy) and 236.03 CO2 tonnes (reduced greenhouse gas emissions) and 4 new jobs created.</span></span></em></span></span></p>

Bilateral cooperation results

Cooperation with the project's donor partner significantly improved the production process of the new technology and the quality of the new products. Partners' know-how improved the knowledge of metal parts production processes. In the future, it is planned to continue the bilateral cooperation with the donor partner and develop the technology of painting and applying protective coatings.

Project partners