At the end of 2016. „M.P.Socks” ltd. started to implement European Regional Development Fund coo financed project in Tukums, Latvia and at November 2017. project has successfully finished.
The project aimed to expand production facilities and install a new production equipment in order to increase company’s production and improve cost efficiency and competitiveness.
The project has expanded the sock manufacturing facility by building a new production site that is connected with existing facility. The project activities included design, construction and supervision during the construction. The new building is equipped with new production facilities and it is planned to create at least eleven new job places.
The total project cost of new production facilities was 963 634.38 EUR, of which 45% or 433 635.47 EUR were European Regional Development Fund support.