OREANDA-NEWS. September 25, 2015. We inform that regarding to the information sent previously, JSC RIGA ELECTRIC MACHINERY FACTORY have finished implementation of the Project „The launch of production of new asynchronous traction motors”, within the support program „High value-added investments”.

Total Project investment: ~2.17 million EUR.

Total ERDF co-financing – 0.98 million EUR

As a result of the Project is modernization and expansion of production including development of new products.