The investment is implemented within the framework of the National Recovery and Resilience Plan “Greece 2.0,” with funding from the European Union – NextGenerationEU.
The company SOTIRIS G. SYNODINOS & CO O.E., based in the Attica region, has joined the "Smart Manufacturing" initiative with a budget of €73 million. This action aims to strengthen their technological infrastructure and upgrade their manufacturing equipment using cutting-edge smart technologies with low environmental impact.
The total investment budget is €306,500.00, of which the public expenditure amounts to €138,750.00 and is co-financed by Greece and the European Regional Development Fund of the European Union.
The approved business plan, which is funded and being implemented, includes investments in the following categories:
- Machinery - Equipment
- Certification of Products - Services - Processes
Through participation in the initiative, the company achieved:
- Improvement of its competitiveness
- Increase in profitability
- Strengthening of its international presence
- Market expansion with the addition of new products & services
- Assurance of higher quality in products and services
- Increased productivity & improved operational processes
- Enhancement of entrepreneurship
With the support of the Recovery and Resilience Fund, the company has been strengthened, bringing benefits to the country's competitiveness as well as to the local economy.
