07/19/2017 CORPORATE

Atlantic Grupa Announces New Investment Exceeding HRK 19 Million


A HRK 10 million-worth grant from the European Union funds to Atlantic Grupa and Ruđer Bošković Institute has been approved, helping realize Cedevita Functional project that researches and develops a new low-calorie vitamin beverage.  

Atlantic Grupa and its partner, Ruđer Bošković Institute, are launching a new investment project, adding another international success to its vitamin beverage category. It is Cedevita Functional – an improved version of Cedevita beverage in the "on-the-go" segment. The new beverage will be available on the market next year.

Ruđer Bošković Institute has been cooperating with Atlantic Grupa on the improvement of the formula, technology and design of the product. Also, it is Atlantic Grupa's first project which is partly financed from the EU funds. After a response to the call for proposals announced by the Ministry of Economy, Entrepreneurship and Crafts, a detailed project evaluation had been performed, following which a grant in the amount of HRK 10 million was earmarked as an incentive for the demanding research and development activities.

CEDEVITA FUNCTIONAL

Cedevita's high export potentials have urged its additional improvement. Owing to the new technology, knowledge, innovation and expertise of the Ruđer Bošković Institute and Atlantic Grupa teams, Cedevita is bringing the on-the-go fresh beverage production to a new level. While the new product will certainly strengthen the brand's international component, the project has not been launched only to boost the company's global competitiveness. The new-generation lid of Cedevita Functional meets the highest environmental standards and the formula with 50% less sugar stimulates healthy nutritional habits of its consumers.

CEDEVITA - LEADER IN INNOVATION

After 46 years, Cedevita – as the third strongest brand of the national FMCG industry – has become a market leader and a leader in packaging innovations. The key of its long-time success lies in the top-quality and innovations in the development of new solutions that bring consumers' experience to a higher level. Since 2014, we have witnessed Cedevita's success in 7 investment projects totalling HRK 126 million. The permanent cooperation with the Ministry of Economy, Entrepreneurship and Crafts and the comprehensive preparation of project proposals have resulted in a HRK 40.5 million-worth support for the research and development of new products. Sense Consulting Company has also substantially supported the project with its know-how in approaching the EU funds.