On July 19th 2011 contract No.L-JPR-11-0066 (project No.JPR/2/126.96.36.199.2/11/02/028) with Investment and Development Agency of Latvia for project "Metal can with a screw cap implementation in the manufacture" realizing has been entered.
"VALPRO" Ltd. plans to introduce new product in the plant manufacture – 5L, 10L and 20L metal cans with a screw cap (UN packaging group designation - 3A2, tank class X). In order to implement project necessary equipment for new product manufacture will be purchased. After project implementation new production manufacture and trade will start in order to raise “VALPRO” Ltd. competitiveness, to acquire new segments for metal cans and improve sales volume.
Until January 2012 “VALPRO” Ltd. has received all eight systems and equipment needed for project implementation. Total project investment until 01.01.2012. is LVL 268 135.60, out of witch eligible costs are LVL 219 433.28.
In the beginning of 2012 manufacture equipment adjustments and manufacture regime operation have started.
Project implementation period – 25th
February, 2011 - 25th February, 2012
Eligible costs – 219 433 LVL
Support intensity – 35%