Innovation Project

DESIGNATION OF THE PROJECT | Increase in the production capacity of solutions for domestic and industrial water conditioning

PROJECT CODE | NORTE-02-0853-FEDER-014201

MAIN OBJECTIVE | Strengthening the competitiveness of small and medium-sized enterprises

INTERVENTION REGION | NORTH

BENEFICIARY ENTITY | AQUAFER, LDA

 

DATE OF APPROVAL | 14-04-2016

HOME | 01-10-2015

DATE OF CONCLUSION | 30-09-2017

ELIGIBLE TOTAL COST | € 705,553.45

FINANCIAL SUPPORT OF THE EUROPEAN UNION | ERDF - EUR 423,332.07

 

OBJECTIVES, ACTIVITIES AND EXPECTED / ACHIEVED RESULTS | AQUAFER is a small company with high experience and know-how in the production of heat pumps. The AQUAFER project consists of an important restructuring of the entire production layout, which will be made possible by the acquisition of productive machinery and equipment and expansion of the current pavilion. The acquisition of new machines will also lead to the creation of a completely renewed assembly line designed to achieve significant efficiency gains, optimizing production, allowing AQUAFER to achieve the internalisation of the manufacture of the thermo accumulators and automation of processes, fundamentally altering the production process of the company, which until now had acquired the storage tank directly from the supplier.

With the completion of the project, AQUAFER intends in 2019 to achieve the following objectives:

 

Gross Value Added: € 695,711.24

Creation of Qualified Employment: 3 jobs

Turnover: € 1,788,953.67