EU support - effective business aid (5)
Project code - NO. 03.2.1-LVPA-K-801-05-0369
Project title - "ELECTRONIC HOUSE UAB" export promotion, business development and strengthening of position in existing markets 2019-2021 "
Project executor - ELECTRONIC HOUSE UAB
Project value: EUR 31.494
Project financing with EU funds: EUR 15.747
Measure - European Union Funds Investment Operational Program for 2014-2020 Priority 3 “Promotion of Small and Medium Business Competitiveness” Measure No. 03.02.1-LVPA-K-801 "New opportunities for LT"
The aim of the project is to maintain and strengthen positions in existing markets and seek new opportunities for business development and export promotion.
The challenge is to increase the internationalization of SMEs.
Place of implementation - Vilnius
The beginning of the project implementation is in 2019. September.
End of project implementation - 2020. June
ELECTRONIC HOUSE UAB is one of the leading manufacturers of electric wires and their kits, cables under contracts in the Baltic States. It is important for the further successful operation of the company to expand sales volumes and promote export development, for this purpose the owners of the company initiated the implementation of this export development project.
EU support is an effective way to implement a project and an effective investment. The received support allows to achieve not only the goals and results of the project, but also the long-term goals of the company, ensures further development of the company and growth of competitiveness.
During the project implemented by ELECTRONIC HOUSE UAB, it participated in 7 exhibitions - in the Kingdom of Denmark "EOT Electronics of tomorrow" on May 7-9, 2019, in the United Kingdom of Great Britain and Ireland SUBCON 2019 "Birmingham NEC" on June 4-9, 2019. 6, Elmia Subcontractor, 2019 Jonkoping, Kingdom of Sweden 12-15 November 2019, ESEF MAAKINDUSTRIE 2020, Jaarbeurs The Netherlands 17-20 March 2020, United Kingdom of Great Britain and Ireland SUBCON 2020 Birmingham NEC 9-11 June 2020, Belectre, Federal Republic of Germany 3-5 November 2020, United Kingdom of Great Britain and Ireland SUBCON2021 9-11 June 2021
The exhibitions, which will be attended by large, serious world-class exhibitions, therefore the distribution of the prepared marketing material in them will contribute to the awareness and popularization of ELECTRONIC HOUSE UAB products in foreign countries, we believe will increase the company's internationality.
The presentation of ELECTRONIC HOUSE UAB products at foreign exhibitions is directly related to the achievement of project results indicators. Participation in the exhibitions made it possible to present the products in detail to new markets and prepare for export. After participating and presenting the products, ELECTRONIC HOUSE UAB hopes to discover new export markets in Great Britain, the Netherlands, the Kingdom of Denmark, the Kingdom of Sweden, and the Federal Republic of Germany.
After the implementation of the project, both the physical and the continuity of the performance project will be ensured. At the end of the project, continuity will be ensured by further investing in the development of new products and promotion of their sales in both Lithuanian and foreign markets, thus increasing the company's productivity and competitiveness, awareness. The funds of the company, its partners, as well as other sources of financing will be used to ensure the continuity of the project. At the end of the project, the company will continue to pursue the set goals: export development, increase the company's competitiveness, growth of labor productivity, etc.