Investment & Fund Management
which was backed by the European Investment
Full Credential Description
Sadil?, a small family business in Lithuania, specializes in various activities within the forestry sector, including cutting and transporting wood for B2B clients. Founded in 1991 by Saulius Labanauskas, the company has faced significant challenges in modernizing its operations, particularly as many processes were inefficient and labor-intensive. Odeta Labanuskaite, Saulius' daughter and the company's Financier, emphasized the importance of modern equipment to enhance efficiency, production volumes, and safety.
To address these challenges, Sadil? sought an EU-guaranteed loan from Swedbank, which was backed by the European Investment Fund (EIF) under the EUs Investment Plan for Europe. The financing enabled Sadil? to acquire new machinery that complies with the latest EU standards, particularly regarding environmental regulations. This modernization has not only improved the company's production capabilities but has also allowed it to manage rising labor costs effectively. As a direct result of the new equipment, Sadil? has employed two additional workers to operate the machinery.
Furthermore, the company is committed to environmental sustainability, ensuring that for every tree cut, a new one is planted, reflecting their dedication to both ecological responsibility and business viability. This initiative not only supports the forest ecosystem but also enhances the company's reputation in the market.