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NORWEGIAN FINANCIAL MECHANISM 2014–2021
PROGRAMME “BUSINESS DEVELOPMENT, INNOVATION AND SME’S”
CALL FOR PROPOSALS UNDER ICT FOCUS AREA
INFORMATION ABOUT PROJECT
AB „Lietkabelis“ investments in automation and digitization of production by increasing work productivity, LT07-1-EIM-K05-006
Total project’s eligible costs:
1686 376 Eur
600 000 Eur
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.
Summary of the project idea:
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.
Espero AS has a lot of experience in implementing digital technologies and optimization solutions for production companies, which will be very useful for AB „Lietkabelis“ in the implementation of the new digitalized production line. The partnership will enable AB „Lietkabelis“ to learn from the best practices and expertise of Espero AS in the field of ICT, ERP and digitalization. This will allow AB „Lietkabelis“ to improve its own production processes, increase efficiency, and reduce costs. The partnership with Espero AS will also enable AB „Lietkabelis“ to expand its network and create new business opportunities. Through the cooperation, AB „Lietkabelis“ will gain access to new markets, customers, and suppliers, which will contribute to its overall competitiveness. The partnership with Espero AS will help to strengthen bilateral relations between Norway and Lithuania, which is also an added value of the cooperation.
The project will create new opportunities for Lithuanian and Norwegian companies to collaborate in the future and develop innovative solutions for the industry, contributing to the growth of both economies.
The major aim of the project is to increase the competitiveness of AB „Lietkabelis“ by investing in the latest digitalized production and ICT technologies and expanding its production capacity. The project will solve the problem of meeting the growing demand for more sustainable products that adhere to the principles of green industry, circular and digital economy, and the EU's goals for a sustainable economy and ecology. By implementing innovative ICT-integrated equipment, the planning and production of automotive wires will be automated, more efficient, and less polluting, with a minimized amount of waste generated. This will allow AB „Lietkabelis“ to expand its production capacity, increase work productivity, and offer products with higher added value to the market.
The project's benefits include producing more sustainable products, creating jobs, expanding the company's network, and fostering bilateral relations between Norway and Lithuania. It will promote business cooperation, innovation, and growth in the Lithuanian economy, ultimately increasing the competitiveness of AB „Lietkabelis“ and establishing Lithuania as a developer of green industry.
For more information please contact:
Tel.: +370 45 502700
Mobil.: +370 682 69588
Further information about the programme: