Project name
Qualification – Project No. 20305
Main objective
Strengthening the competitiveness of SMEs
Intervention region
North
Beneficiary entity
RIFER – TEXTILE INDUSTRY, LDA.
Approval date
09-01-2017
Start date
01-04-2017
Completion date
31-03-2019
Total eligible cost
202,157.40 EUR
Financial support from the European Union
ERDF – 90,970.83 EUR
Project summary
The objective of this investment is to increase the capacity to attract customers and reinforce the satisfaction of current customers with regard to relational procedures. In terms of positioning in the value chain, this investment has an impact in terms of strengthening the administrative management, planning, provisioning departments, among others.
Project name
Productive Innovation
Project code
NORTH-02-0853-FEDER-044339
Main objective
Strengthening the competitiveness of small and medium-sized enterprises
Intervention region
Northern Regional Operational Program
Beneficiary entity
RIFER – TEXTILE INDUSTRY, SA
Approval date
23-07-2019
Start date
2019-06-01
Completion date
2021-06-30
Total eligible cost
1,313,314.01 EUR
Financial support from the European Union
ERDF 381,284.71 EUR
Objectives and expected/achieved results:
Incorporation of Digital Printing
Strengthen the production capacity of high-density fabrics, with greater color combination and gradation, of high quality
Increase your revenue by diversifying your customers and conquering new markets
Expected Results:
GVA = 7,855,830.18 Euros
Creation of Qualified Jobs: 2 jobs
Turnover = 15,930,733.01 Euros
Project name
Product Innovation
Project code
NORTH-02-0853-FEDER-019488
Main objective
Strengthening the competitiveness of SMEs
Intervention region
North
Beneficiary entity
RIFER – TEXTILE INDUSTRY, SA
Approval date
03-11-2016
Start date
2016-01-07
Completion date
2019-02-12
Total eligible cost
1,173,393.56 EUR
Financial support from the European Union
ERDF 704,036.12 EUR
Objectives and expected/achieved results:
Production of two new types of high-density fabrics (dobby and jacquard);
Modernization in the areas of creative and technical design;
Increased skills in production management;
Increased revenue;
Strengthening the human resources team;
Adoption of the company's first internationalization strategy.
Expected Results in 2020:
GVA = 3,115,723.91 EUR
Creation of Skilled Jobs: 7
Turnover = 9,113,958.56 EUR
Project name
Business Innovation – Productive
Project code
NORTH-02-0853-FEDER-180234
Main objective
Strengthening the competitiveness of small and medium-sized enterprises
Intervention region
Northern Regional Operational Program
Beneficiary entity
RIFER – TEXTILE INDUSTRY, SA
Approval date
14-06-2022
Start date
2022-05-30
Completion date
2023-06-30
Total eligible cost
3,323,014.75 EUR
Financial support from the European Union
ERDF 830,753.69 EUR
Objectives, activities and expected/achieved results:
Increase the production capacity of the weaving and finishing area;
Enhance the provision of finishing services to third parties;
Ensure high quality standards for products and services provided to customers, optimizing the production process and reducing time-to-market;
Provide greater efficiency in the use of resources and raw materials, in order to reduce production costs and enhance value creation;
Contribute to environmental sustainability and reduction of the ecological footprint, through the acquisition of more efficient processes and equipment, use of energy production for self-consumption and production of eco-friendly products, both for the environment and for humans;
Stay at the forefront of products and services provided and production processes.