THRACE PLASTICS Co SA announces that the operation of the new production lines included in the Group’s 2015-2016, 32 million investment plan has been launched. It is estimated that the new investments in full operation will contribute 50 million to the Group’s Turnover and are expected to contribute significantly to improving the Group’s profit margins due to the production of innovative high added value products and the containment of the production cost as well.
More specifically the investments of approximately 23 million euro implemented in Greece, (Xanthi) are mainly focused on the production of advanced technical fabrics which are used in the following markets: geosynthetics, roofing membranes, filtration, automotive and medical & hygiene.
At the same time new investments abroad valued at approximately 9 million are now fully operational. More specifically new investments outside Greece mainly concern the launch of a new production line in Scotland for melt blown technical fabrics used in the roofing membranes, medical & hygiene and filtration markets, as well as the new thermoforming production line which has been launched in the Bulgarian plant for the production of packaging products for the yogurt market and drinking cups for the Bulgaria and S-E Europe markets.
