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compete 2020

COVID-19 Productive Innovation

Productive
innovation

Project title | COVID-19 Productive Innovation
Project code | 48003
Main objective | Strengthening the competitiveness of SMEs
Intervention region | Northern Portugal
Beneficiary entity | Fergotex – Fábrica de Malhas Têxteis, Lda.

Approval date | 07/05/2020
Start date | 01/05/2020
Completion date | 31/07/2020
Total eligible cost | €567,500.00
European Union financial support | ESIF – €454,000.00

Objectives, activities
and expected/achieved results

The objective of this project is to adapt the company’s production processes in order to manufacture clothing and protective equipment required to support the fight against COVID-19. The production of this type of product requires large-scale output in order to be economically viable. Through the planned investment in suitable machinery, production capacity will increase significantly, enabling not only greater profitability but also an enhanced ability to respond to market demand. Overall, this will result in increased competitiveness for the company.

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At Fergotex, we are ready to meet the most demanding challenges of the global market. If you are looking for a strategic partner for the development of your collections, we invite you to share your requirements through our contact form.
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