December 2021
InnovRocking 4.0 – Product Diversification
Beneficiary: ROCKING, LDA.
Project name: InnovRocking 4.0 – Product Diversification/Project ALT20-01-0853-FEDER-072162
Main Objective: To strengthen the competitiveness of small and medium-sized enterprises
Region of intervention – Alentejo
Approval date | 08-10-2021
Start date | 14-07-2020
Completion date | 14-07-2022.
Total eligible cost: EUR 504,468.05
Financial support from the European Union – ERDF: 176,916.57 EUR.
The main strategic objectives of this project are:
- Increase the range of products produced;
- Increase production capacity;
- Reduce average manufacturing costs by increasing economies of scale;
- Boosting and adding value to existing inventory;
- Increase the profit margin by moving up the value chain;
- Reduce production costs (electricity and transportation);
- Creation of 1 skilled job.