EU subsidies
Expansion of the production of products needed for COVID-19. 03.3.1-LVPA-T-859-01-0007
UAB Penkiese, seeking to contribute to the production of products needed to combat COVID-19, plans to purchase modern printing equipment and develop the production of protective face shields and protective walls/partitions, and to supply these products to Lithuanian and foreign markets.
The modern equipment will enable the production of innovative, higher quality products designed to combat COVID-19: protective face shields and protective screens/partitions. Once innovative production methods have been implemented in the company, it is planned to offer a wider range of products and reduce product costs. With the new equipment, it will be possible to identify all manufactured products according to customer needs: add a logo, slogan, or other visual solutions. The implementation of this project will increase the company's productivity, enable the production of more protective face shields, partitions and stands than at present, and create greater export opportunities. The project is financed by the European Regional Development Fund.
Project implementer: UAB "Penkiese"
Total project value: EUR 384,737.00
Part financed by the European Union: EUR 365,500.15
Project start date: 28 December 2020
Project end date: 8 April 2021
Funded as part of the European Union's response to the COVID-19 pandemic
Investment in the creation and implementation of design and marketing innovations at UAB Penkiese
UAB Penkiese is currently implementing a European Union-funded project entitled "Investments in the creation and implementation of design and marketing innovations at UAB Penkiese" No. 13.1.1-LVPA-K-861-01-0479 (hereinafter referred to as the Project). UAB Penkiese is a dynamic and modern advertising production company. Currently, UAB Penkiese provides a wide range of advertising production services in Lithuania and abroad. In order to enter new product sales markets, UAB Penkiese has initiated the project "Investments in the creation and implementation of design and marketing innovations at UAB Penkiese", during which the company plans to create new, eco-friendly cardboard product stands that will be used in retail outlets to display, arrange and position products. The new eco-friendly product will expand the company's sales, help it reach export markets and compete with foreign manufacturers of similar products. These innovations will ensure high product quality and enable the company to offer competitive prices for its products to customers.
This project is partly financed by the European Regional Development Fund under Priority 13 of the 2014-2020 European Union Funds Investment Action Programme, "Promoting actions to overcome the crisis caused by the COVID-19 pandemic and preparing for a green and sustainable economic recovery," Measure No. 13.1.1-LVPA-K-861, "Creative Cheques COVID-19." digital and sustainable economic recovery" No. 13.1.1-LVPA-K-861 measure "Creative vouchers COVID-19".
The total value of the project is EUR 85,968.00, of which EUR 64,476.00 is a European Union subsidy and EUR 21,492.00 is the company's own contribution.
The project activities began on 18 January 2022 and will be completed on 31 December 2022.
UAB Penkiese is implementing a project partially funded by the European Union
UAB Penkiese is currently implementing a project financed by the European Union, "Investments in the implementation of competitive cultural products at UAB Penkiese" No. 13.1.1-LVPA-K-310-01-0150 (hereinafter referred to as the Project). For more than 10 years, the company has been providing a wide range of advertising production services in Lithuania and abroad, successfully completing over 5,000 advertising production projects and accumulating specialised knowledge in the areas of advertising design, production and service.
UAB Penkiese seeks to address the problem that there is currently no platform on the market where it would be possible to establish long-term relationships with customers, control all business processes in a convenient, and provide services that would be delivered remotely for the most part and would provide greater added value. The advertising production service process involves separate creative companies that provide creative services and separate production companies that produce advertisements based on the designs created. For this reason, the company is initiating a project to create an innovative, competitive product – a digital advertising service and business process platform. Thanks to digital technologies, the customer will be able to retrieve the final order through the created system, as a result of which they will not need to send additional information by e-mail. The customer will be able to store their files in the system, create tasks, etc. The plan is to create a new, innovative service and an updated business process that will allow the company to reach new markets and increase its product range, as the company will be able to serve the customer 100% in one place, combining creativity with production. The product being developed will be innovative, as it is a new product and process both for the company and the market; currently, there are no advertising production companies in Lithuania that also provide creative services.
This project is partly financed by the European Regional Development Fund under Priority 13 of the 2014-2020 European Union Funds Investment Action Programme, "Promoting and preparing for environmentally friendly, digital and sustainable economic recovery" No. 13.1.1-LVPA-K-310 measure "Incentives for the cultural and creative industries sector to create competitive cultural products". The total value of the project is EUR 162,037.41, of which EUR 111,805.81 is a European Union subsidy and EUR 50,231.60 is the company's own contribution. Project activities began on 12 July 2022 and will be completed on 31 March 2023.
