During the project “FORMULA AIR BALTIC” plans to invest in the development of equipment for dust extraction and ventilation systems and to purchase innovative technological equipment with which the production of innovative products would be started, as well as to modernise additional production equipment. Since it is not possible to implement the development project in the company’s production premises, the project will also invest in the construction of a new production building. After successful implementation of the production development project of FORMULA AIR BALTIC UAB, a modern dust extraction and ventilation system equipment plant in Šiauliai would be built. The project would contribute to the creation of higher added value of the company, increasing labour productivity, would be of great positive importance for the improvement of the economic and social well-being of Šiauliai region.