New technology of drying and ironing in SIA “VRV”

Project facts

Project promoter:
VRV, Ltd.
Project Number:
LV06-0022
Target groups
Entrepreneurs
Status:
Completed
Initial project cost:
€410,650
Final project cost:
€401,525
From Norway Grants:
€ 162,617
The project is carried out in:
Rīga

Description

The aim of the project is to use a new technology in drying and ironing and therefore offer the market premium laundry service resulting in reduction of gas consumption. During the project new technology will be installed that will allow the company to offer the market a new service. The new technology will result in savings of natural resources by at least 60% at the existing volume of work to perform. However, the new service will increase the company's turnover by 30% simultaneously. This effect will improve the companies competitiveness. SIA "VRV" core market is Riga, Jurmala and region adjacent to the cities. The main service customers are both public service providers as hospitals and kindergartens as well as the tourism industry, like hotels and restaurants.

Summary of project results

Within the project the company replace old equipment with the new one that ensures gas consumption saving for 60.75% during drying and ironing process. The new technology also will expand services offered by the company therefore allowing to become more competitive in the laundry industry. Project was completed on December 2015, but the Final report submitted to Agency on 12 January 2016. There were no amendments made during project implementation stage.

Summary of bilateral results