EU FUNDS

UAB Barker Textiles is implementing the project „UAB Barker Textiles investment in products of KKI sector“, partly financed by the European Regional Development Fund as the European Union response to COVID-19 pandemic.

The aim of the project: creation of new, high value, competitive cultural and creative content and form products by investing into competitive digital and circular economy promoting cultural and creative content and form products and operational processes.

During the project company will invest into technologies and its implementation to ensure the digitalization and principles of circular economy as well as high value products creation of CCI sector. This investment will ensure the efficiency of technological processes of the company and give an opportunity to offer their clients the products based on principles of circular economy. This investment will enable UAB “Barker Textiles” to become a competitive and innovative company in the market. On these terms income of the company will increase and common macroeconimic issues (inflation, labor shortage, lack of raw materials, etc.) and COVID-19 instability and uncertainty is expected to be overcome.

Project budget: 249 930,49 Eur

Project financing: 124 965,24 Eur

Start of the project: January 3rd, 2022

Completion of the project: May 31st, 2023.

UAB Barker Textiles is implementing the project “Implementation of Technological Innovations in the Production of UAB Barker Textiles”, partly financed by the European Regional Development Fund.

Project activities: acquisition of new innovative equipment.

UAB Barker Textiles is an advanced wool and cotton textile production company. A large part of the company’s production is exported. The production process currently incurs significant costs for electricity and raw materials, as well as waste that cannot be recycled.

The aim of the project is to implement technological eco-innovations in order to reduce the negative impact on the environment. The company intends to purchase modern equipment and start production of refurbished and new products, thus significantly expanding the product range. Purchased efficient equipment will increase work efficiency and material processing accuracy. This will create savings in electricity and improve the yield of wool and cotton raw materials, reduce waste.

This project is implemented in accordance with the measure “Eco-innovation LT +” of Priority 3 “Promotion of Small and Medium Business Competitiveness” of the European Union Funds Investment Operational Program for 2014-2020.

Objective of the measure: to encourage micro, small and medium-sized enterprises to introduce technological eco-innovation in order to reduce the negative effects of climate change and the greenhouse effect.