The Greek specialist in electrical manufacturing, EMM. KOUVIDIS S.A. was supported in setting up a new investment plan which helped to introduce new technologies and increase production.
- 22 May 2015
The project has led to substantial improvements in product quality while introducing new and innovative products in the market, which are still not used or produced by competition in Greece. It also helped improve the quality of the technical procedures and services provided by the company as well as its profitability.
Based in Heraklion, Crete, EMM. KOUVIDIS S. A. is a leader in the Greek market for the production of integrated conduit systems for cable protection, made from plastic raw materials. With EU support, the company has been able to effectively introduce new technologies, innovative tools and equipment that increased production and reduced production costs.
Innovation to generate adaptability
The investment allowed the company to produce new innovative and competitive products – specifically new multilayer, co-extrusion pipe technology which allows each wall (layer) to have different characteristics depending on the intended use. This allows a wide range of new products to be developed adapted to the different needs of the local and international market.
Additionally, the company integrated into its product development procedures a new 3D CAD software. The software offers tools for 3D mechanical design, moulds design and simulation tools for the product optimisation design. This leads to higher quality products as well as a considerable reduction of the total production time.
Environmental and economic benefits
The new equipment is also more energy efficient and has a minimal environmental impact, helping the company reduce energy costs and expand its environmental protection initiatives.
In addition, the financial support has brought benefits to the local economy by enabling the company to expand and retain existing staff members as well as create new job openings.
Total investment and EU funding
Total investment for the project “Emmanuel Kouvidis Industrial and Commercial SA” is EUR 400 000, of which the EU’s European Regional Development Fund is contributing EUR 180 000 from the Operational Programme “Competitiveness and Entrepreneurship” for the 2007 to 2013 programming period.