Company Kircek from Ljubešćica in Varaždin County is starting an investment of ten million kuna to improve technological readiness and productivity, which will result in increased revenue and production for export and the opening of 27 new jobs. Through the project of expanding and diversifying production capacities for more competitive business, the company has received 3.6 million kuna in non-repayable EU funds through the European Regional Development Fund, specifically the Operational Program Competitiveness and Cohesion 2014-2020. The remaining almost 6.5 million kuna has been secured from a loan from a commercial bank.
According to the company’s owner Dragutin Gotić at the project presentation on Monday, these investments will lead to the creation of 27 new jobs, an increase in the quantity of the production assortment primarily intended for export, and an increase in the company’s revenue.
“Activities within the project will ensure the possibility of reinvestment and further sustainable development of the company, and will indirectly have a positive impact on business partners, local and regional populations,” said Silvio Gotić, Sales and Marketing Director.
As part of the project, it is planned to expand and equip a wood drying facility, expand a workshop for inspecting, sorting, and packaging products, and introduce additional production machinery. Part of the obtained funds will be used for employee education and training.
