Sumar Tools OÜ received the grant from EAS within the “Enterprise Development Programme”.

The aim of the project is to develop third generation injection molds and develop innovative plastic caps. The total project cost is more than € 1 000 000,00 , where Sumar Tools self-financing is at least 55%, and support is at most 45%. The total amount of the grant is € 470,834.10.
Compared to 2019, in 2020, despite the pandemic, Sumar Tools OÜ managed to achieve a turnover growth of 300%, what amounted to 3.5 million euros.
Sumar Tools aims to expand products and improve services to support existing competencies; and the development of new products with higher added value, primarily aimed at export markets.
By investing in new technologies and employee training, we develop new products in the form of third generation multi-cavity molds and innovative biodegradable plastic caps that meet new environmental requirements.