UAB “Terekas” is one of the few companies in the world producing both PET containers and PET container forming devices. The company exports its production/equipment to more than 15 countries around the world. The main customer group consists of medium sized food and beverage, chemical industries and small and medium sized PET containers. UAB “Terekas” project is designed to increase the competitiveness of the company in international markets by creating new production technology for polypropylene packaging and 4 new equipment with new technical characteristics. During the project, R & D activities will be carried out, during which scientific/technological uncertainties will be addressed and new knowledge required for the creation of new technology and automated equipment will be sought. As a result of the project it is planned to introduce 4 new products to the market and significantly increase sales revenue.