On December 16, 2014 the Fencing Factory LLC closed a contract No. L-APV-14-0226 with the Latvian Investment and Development agency on implementation of the “Production Modernization project” (project No. APV/22.214.171.124.0/14/04/067), co-financed by the European Regional Development Fund. Within the project the company has purchased new equipment and modernized the Factory as well as extended the range of manufactured products. The total cost of implementation of the project is EURO 94 500. The financial aid intensity is 45%, or EURO 42 525. The project implementation period is from 22.04.2014 to 01.22.2015.