North2020 Program

Adifafe is proud to be supported, within the scope of the National Strategic Reference Framework, by Portugal 2020 and Norte 2020, through the European Programs in force. Through these programs, and with all the dedication, rigor and hard work, Adifafe is a company well founded in this business area.  

 

Project Name: Innovation Production Process and Production Diversification

Notice: 01/SI/2016

Project No.: 18058

Thematic objective: Strengthen the competitiveness of PMEs

Approval

Date: 02-11-2016

Start date: 01-04-2016

Conclusion date: 31-03-2018

Total eligible cost: 763.216,00 €

Financial support from the European Union: ERDF – 529.332,30 €   ESF – 4.918,90 €

 

Project designation: Reinforcement of Internationalization with a focus on diversification, marketing / organizational / production innovation

Project code: NORTE-02-0752-FEDER-034347

Main goal: Strengthen the competitiveness of small and medium-sized enterprises

Intervention region: NORTH

Beneficiary entity: ADIFAFE-ACESSÓRIOS TEXTEIS, LDA 

Approval Date: 18-04-2018

Start date: 02-10-2017

Conclusion date: 01-10-2021

Total eligible cost: 128.600,00€

Financial support from the European Union: ERDF: 57.870,00€

Objectives, activities and expected/achieved results:

The strategic objectives include:

  • Structured investment plan in an internationalization process that boosts turnover by close to 175%, essentially based on the growth of international turnover (to grow by close to 2,177%) representing around 66% of total turnover;
  • Increase strategic positioning in the markets in which we already operate and be able to diversify the markets in which we operate (operating in 8 new markets, 10 in total);
  • Betting on new marketing models and techniques, namely in terms of digital marketing, as a means of promotion and notoriety, directly reflected in the increase in orders by more than 50%;
  • Innovate organizationally by hiring highly qualified technical staff to manage the international business, with the aim of raising and innovating internal skills, processes and procedures.

 

Project designation: Organizational and Marketing Reinforcement and Innovation

Notice: 03/SI/2016

Project No. 19985

Thematic objective:Strengthen the competitiveness of PMEs

Approval Date: 02-02-2017

Start date: 06-05-2016

Conclusion date: 05-05-2018

Total eligible cost: 59.374,40€

Financial support from the European Union: ERDF – 24.975,00 € ESF – 2.712,08 €

 

Project Designation: Investments in adapting facilities and reorganizing work and relationships with customers and suppliers

Notice: 16/SI/2020 – SYSTEM OF INCENTIVES FOR THE ADAPTATION OF SME ACTIVITY (Individuals, COVID-19)

Project code: NORTE-02-08B9-FEDER-061784

Project No.: 61784

Thematic objective: Reforçar a competitividade das PME

Intervention region: NORTE

Beneficiary entity: ADIFAFE-ACESSÓRIOS TEXTEIS, LDA

Approval Date: 06-07-2020

Start date: 22-05-2020

Conclusion date: 31-03-2021

Total eligible cost: 39.999,00 € European Union financial support: ERDF– 19.999,50€

Objectives, activities and expected/achieved results: We are facing an investment project fully aligned with the objectives of adapting the company’s facilities and reorganizing the business model and relationship with customers and suppliers, contributing significantly to the fight against the spread and contagion of COVID 19 and adapting and preparing ADIFAFE to face to this new reality.

 

Project Designation: Reinforcement of productive capacity. Digital and energy transition

Project code: NORTE-06-38D7-FEDER-000985

Typology: CRII – National Production Support Program (Local base)

Intervention region: NORTE

Beneficiary entity: ADIFAFE-ACESSÓRIOS TEXTEIS, LDA

Approval Date: 24-02-2022

Start date: 05-04-2021

Conclusion date: 02-01-2023

Total eligible cost: 124.290,16 € European Union financial support: ERDF– 68.359,59€

Objectives, activities and expected/achieved results:

  • Increase production capacity to double the level of cords (16 automatic cord making machines);
  • Creation of production capacity in terms of 6mm fasteners with opening on only one side, thus responding to the market and replacing imports;
  • Productivity and profitability growth (VAB grows 34%) and total turnover by 56.5%, 20% of which are direct exports (considering indirect, it rises to more than 80%);
  • Investment in digital marketing in order to promote the bet on the digital economy / ecommerce;
  • Enhance custom made ability;
  • Energy efficiency with a bet on photovoltaic panels