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    Reference: 20180423
    Release date: 31 October 2018

    Promoter – Financial Intermediary

    ATHANASIOS HATZOPOULOS PACKAGING MATERIALS INDUSTRY SA

    Location

    Description

    The project consists of investments on the development of flexible packaging materials, products and solutions as well as the replacement of old and the acquisition of new equipment for the production of flexible packaging materials.

    Objectives

    The project aims at enhancing and safeguarding the promoter's competitive position through the implementation of state-of-the-art production equipment and also through the development of technologies and solutions necessary for the current and future business requirements.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 12 million

    Total cost (Approximate amount)

    EUR 29 million

    Environmental aspects

    The production facility activities fall under Annex I of EU Directive 2014/52/EU amending the Environmental Impact Assessment (EIA) Directive 2011/92/EU; the facilities operate under full Environmental Authorisations, and the capacity expansion will require an amendment to the existing authorisation. All environmental, health and safety issues including environmental and operational authorisations will be reviewed during the due diligence process.

    Procurement

    The promoter is a private company not operating in the Utilities sector and not having a status of a contracting authority. Thus it is not covered by EU Directives on procurement

    Status

    Signed - 4/04/2019

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Greece Industry