AB “Rokiškis Machine Factory” has successfully implemented an investment project for production expansion
AB “Rokiškis Machine Factory” is one of the largest agricultural machinery manufacturing and metalworking companies in Lithuania. The company manufactures agricultural machinery, their spare parts, and other metal structures.
On 2 July 2012, the company began implementing the project “Productivity increase of AB ‘Rokiškis Machine Factory’ by investing in production expansion” under the measure “Invest LT-2” of Priority 2 “Increasing business productivity and improving the business environment” of Lithuania’s 2007–2013 EU Structural Assistance Strategy – Economic Growth Operational Programme. The project is partially financed by the European Regional Development Fund. The total value of the project is EUR 580,882.76 (LTL 2,005,672.00), and the company was granted EUR 290,441.38 (LTL 1,002,836.00) in financial support.
Approximately 2,500 tons of ferrous metals are processed annually in the company’s production facilities – to ensure high-quality services and products, it is necessary to continuously renew and expand the company’s technological base. Seeking to strengthen its production and technological potential, the company initiated a project aimed at increasing the productivity of AB “Rokiškis Machine Factory” by investing in production expansion. As part of this project, it was planned to purchase technological equipment required for the manufacture of metal products, computer equipment for workplace optimization, to implement a production management system, and to create new jobs.
With the support and recommendations of the staff of the Lithuanian Business Support Agency, the team of AB “Rokiškis Machine Factory” successfully implemented the project within the planned deadlines, creating conditions for production expansion. It is expected that the expansion will enable the company to ensure even higher product quality, lower production costs, and shorter order lead times.
It is planned that the company’s investments in production expansion will improve the quality of manufactured products and services, better meet customer needs, facilitate the management of the production process, and at the same time foster a positive working environment within the company. The company’s management expects that investment projects will allow for optimal use of production technologies, while the implementation of production management solutions will create new working methods aimed at significant increases in profitability indicators and labour productivity. As production capacity grows, the company also plans to invest in improving employee working conditions, which will create favourable conditions for new jobs.
It is expected that once the project is implemented, the company’s production and sales volumes will increase, creating conditions for the growth of AB “Rokiškis Machine Factory” productivity. Successful implementation of the project will contribute to the development of agricultural machinery manufacturing, metalworking, and economic growth, and is expected to stimulate faster economic development of the Rokiškis region.
Project completion date – 30 June 2015.
For more information, please contact: Rimgaudas Kilas, General Director, +370 458 52 831, info@rmg.lt
On 15 December 2008, a financing and administration agreement was signed for the allocation of LTL 269,687 in support for the project “Procurement and implementation of production technological equipment at AB ‘Rokiškis Machine Factory’,” which the company is nearing completion and to which it allocated at least LTL 404,530 of its own funds. The support funds are allocated from the European Union’s European Regional Development Fund under the measure “Lyderis LT”.
Upon implementation of this project, the investments of AB “Rokiškis Machine Factory” will pay off thanks to the opportunities provided by modernized equipment to increase product quality and labour productivity. With the introduction of modern equipment, employees’ knowledge will be applied in equipment operation, their qualifications will rise, which in turn will ensure the financial and personnel continuity of the project.