The premises of the factory of “INTERTRADE HELLAS ANONYMOUS COMMERCIAL AND INDUSTRIAL COMPANY FOR THE PRODUCTION OF MAP PRODUCTS S.A.”, was visited by the Commissioner for Economy and Productivity, Implementation and Simplification, Valdis Dombrovskis, and the Deputy Minister of National Economy and Finance, Nikos Papathanasis, as part of the European official’s visit to Greece.
The company is being financed by the Recovery and Resilience Fund for the project “Capacity Expansion of Industrial Unit for the Production of Paper Products”. The purpose of the investment project, which has a budget of more than EUR 100 million, is to expand the capacity of an existing plant in Oinofita, Boeotia, with the acquisition of modern machinery. The implementation of this investment project aims at producing the first Low Carbon Emission Paper, which will in turn be the raw material for the production of a new generation of products with a strong environmental footprint. It includes the expansion of the processing plant with new buildings and mechanical facilities, a modern warehouse facility for finished products, a 12MW photovoltaic system and cogeneration to produce the electricity and thermal energy used for drying the paper. The investment promotes the green economy, innovation, low energy and environmental footprint economy and significantly enhances the Greek economy and competitiveness at international level.
Deputy Minister of National Economy and Finance Nikos Papathanasis said: “Today’s visit is a good occasion to highlight the tangible effect of the Recovery and Resilience Mechanism in strengthening Greece’s industrial base, in strengthening the Greek economy. Greece remains firmly in the top positions in terms of absorption of European funds and places particular emphasis on the implementation of reforms. We are a government that believes that without reforms, progress cannot be translated into a dividend for society. We remain committed to delivering all projects and milestones within the Recovery Fund timetable. After all, we do not want – and for us who have lived through three memoranda it is not allowed – to lose a single euro of European resources, which must be directed to the benefit of all our fellow citizens. With approved RRF funding of EUR 77.8 million in grants and loans, this project represents a strategic investment totalling more than EUR 100 million. An investment that supports the green transition, creates quality jobs and contributes to enhancing competitiveness and regional development. On the occasion of the visit, I reiterate the excellent cooperation we have with the European Commission and our will to accelerate the necessary reforms, flexibilities and simplifications in order for the Union to ensure its strategic autonomy in times of headwinds. So that Europe can play the historic role it deserves. So that together we can ensure a secure present and a prosperous tomorrow for our fellow citizens. A common home where economic progress is translated into social cohesion and individual prosperity. At this point I would like to thank Commissioner Dombrovskis for the excellent and productive cooperation we have for the benefit of Greece and Europe.”
The visit was attended by Counsellor-General. Stellina Siarapi of the Ministry of Development and the director of the Special Service for the Coordination of the Recovery Fund Orestis Kavalakis.
