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NAFPAKTOS TEXTILE INDUSTRY SA informs the investors about the start of the implementation procedures of its investment plan of 5.7 million euros for the modernization and expansion of its production unit in Lygias – Nafpaktos. Through this investment the company will expand its product range with the production of compact yarns and will modernize the existing mechanical and building equipment of the spinning mill.
The new investment will increase the company’s production capacity by 35% and improve its energy and environmental footprint, in response to the internationally growing demand for products with respect for the principles of sustainable and sustainable development. The implementation of the investment plan will be completed by the end of the year when it will be fully operational.
The investment will be subsidized by 40% by investment programs of the European Union in cooperation with the Greek State, while the remaining 60% will be covered partly by the company’s own funds and partly by bank lending. The long-term nature of the investment will strengthen the company’s momentum to further expand its presence in international markets, secure jobs and ensure its business continuity.