In today's economic environment, competition is fierce. Consumer preferences and needs evolve over time. Innovation enables a company to keep pace with these changes and develop products or services that meet market requirements. Understanding and responding to customer needs can increase customer satisfaction and loyalty.
Technology is constantly evolving and companies that embrace technological innovations can gain a competitive advantage. Integrating new technologies into products or services can improve efficiency, reduce costs, and provide a more compelling value proposition.
Gradel has been established in Luxembourg since 1965, in Ellange, near Mondorf. The company has two main activities: the design and construction of special machines for the nuclear, space, and general industries, and the manufacture of spraying targets for the glass industry.
Gradel is a high-tech company that has been developing special turnkey machines and automated mechanical equipment for over 50 years. It sells rotary targets, planar targets, accessories for coaters, and engineering services for the glass industry.
The SNCI, Société Nationale de Crédit et d'Investissement, co-financed their implementation of a major innovation project called "sustainable lightweight." It involves the production of ultra-light components for the aerospace and automotive industries.
"The financial resources made available by the SNCI, and their pertinent advice demonstrated that their teams are great financial and economic professionals. Gradel particularly appreciated the professionalism of the SNCI's contacts in supporting entrepreneurship in Luxembourg and encouraging companies with the ambition to produce increasingly innovative products," said Claude Maack, CEO of Gradel.
SNCI helps all Luxembourg entrepreneurs to set up and develop their businesses through its financial products, including ProInnovate in the case of Gradel, a programme dedicated to companies that innovate in their sector by bringing new, high quality, reliable, and increasingly eco-responsible products to market.
SNCI supports entrepreneurs to encourage innovation and have the financial resources to launch new products or services, or to launch a new business idea, develop an existing business, or take over a business. It aims to ensure an appropriate balance between the different sources of finance for your project, with a view to sharing risks, and co-financing with commercial banks. If you have your own business project, don't hesitate to contact SNCI.
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