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B-Tech Gets Development Grant from EU and Greek Government

Sales & Trends

KILLKIS, Greece (July 24) – B-Tech SA, the Greek OEM bike maker, announced today that it received confirmation on the approval for the 1st phase of a business development grant from the European Union and the Greek Government. The total amount of the grant application is € 6 million, with this first phase being for […]

KILLKIS, Greece (July 24) – B-Tech SA, the Greek OEM bike maker, announced today that it received confirmation on the approval for the 1st phase of a business development grant from the European Union and the Greek Government.
The total amount of the grant application is € 6 million, with this first phase being for € 1 million. This initial amount is allocated for the completion of the 3,000 m² logistics warehouse, including all internal automation systems. One of the key elements of this plan is an adaptation of RFID (Radio Frequency Identification) technology as an enhancement upon current bar-coding methods. This will allow for advanced inventory control methods, and greatly increased efficiency in container management. Subsequent phases of this program are anticipated to be approved in September of 2003, with funds allocated to further capital and technological improvements.
The grant is part of a partnership between the European Union and the Greek Government, seeking to expand the domestic manufacturing base in Greece. According to B-Tech’s President and CEO Jimmy Trikeriotis: “Acceptance into this program is indicative of the EU and Greek government’s confidence in the viability of B-Tech’s innovative and highly efficient approach to bicycle manufacturing, and their belief that European companies can successfully compete against strong competition from foreign imports.”
B-Tech, located in Kilkis, Greece, offers a full range of OEM bicycles to European wholesalers, dealers and distributors. (JO)

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