JSC “Terekas” is the first company in the world to produce both PET containers and PET container forming devices. The parallel development of two areas gives an advantage over other manufacturers of PET containers or blowing machines. After assessing the company’s situation and market potential, UAB “Terekas” decided to implement a production development project, thanks to which the company will increase the production volume of PET forming machines. During the implementation of the project, the company plans to purchase the necessary equipment for the production of PET-forming FlexBlow3 10 L machine. With the introduction of new technologies and equipment for KETs, the company will increase the innovativeness of its products, the competitiveness of the company and the productivity of its work. Thanks to the project, new jobs and company’s good financial performance indicators will create conditions for increasing economic and social well-being in Klaipėda region.