Greece approves Intertrade's 109 million euro paper plant expansion in Tanagra

Greece's Development Ministry approved Intertrade Hellas's revised Tanagra investment plan, raising its budget from 99.86 million to 108.99 million euros, with the company absorbing the 9.1 million euro increase. The revised project includes a second paper machine, new converting lines, automated storage and a 7-million-euro solar plant. The investment caps a cycle that expanded Intertrade's annual capacity to 140,000 tonnes and made it one of Europe's 50 largest paper producers. Founded in 1992, Intertrade was near collapse when the Delidimos family took over; after acquiring the Softex brand in 2016, it helped revive the Greek paper sector. Management now prioritizes debt repayment.