THRACE PLASTICS HOLDING AND COMMERCIAL S.A.
Announcement
The company Thrace Plastics Co S.A. informs the investment community that Thrace Linq Inc, a 100 % subsidiary of the Thrace Group, based in the United States has placed an order for a new non-woven geotextiles production line. The investment will amount to 8,5 mill. dollars and is expected to increase the production capacity by 7.000 tones annually (existing production capacity amounts to 4.000 tones). The new production line is expected to be fully operational by the end of 2008. The advanced technology of the new production line allows for production of products with superior technical characteristics at low cost, due to high productivity, giving the Company a competitive advantage over its competitors in the American Market.