Thrace Plastics is moving ahead with a 14.59 million euro investment to expand its plastic packaging production facility in Xanthi, as part of a broader capital expenditure plan for 2026.
The project has been approved under Greece’s Development Law. State aid will be provided exclusively through tax incentives amounting to 7.29 million euros, covering 50% of the eligible investment cost. The expansion is also expected to create 37 new jobs.
The listed manufacturer has earmarked total capital expenditure of approximately 20-25 million euros for the current financial year. The investment programme includes further capacity expansion in rigid packaging through new injection-moulding machines in Greece and Bulgaria, as well as new moulds to support entry into additional markets.
The plan also includes a new Geonet production line with lamination capabilities at its Greek facilities, new equipment to improve the conversion and efficiency of technical fabrics, including a new converting line for roofing applications and a new winding machine for nonwoven materials.
Additional investments will focus on upgrading production lines, expanding automation and robotics across manufacturing processes, and enhancing safety systems at all of the group’s production facilities.
Eurobank Equities sees positive 2026 outlook
In a recent research note, Eurobank Equities said Thrace Plastics’ outlook for 2026 remains positive despite continued uncertainty stemming from higher raw material costs and subdued activity in the construction sector.
The brokerage said the group has strengthened its fundamentals and improved its strategic flexibility. It added that the acquisition of BHA Holdings enhances Thrace Plastics’ growth profile by expanding its presence and capabilities in the Australian and New Zealand markets.
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