ELGEKA S.A. announces to the public that the General Secretariat for Investments and Development / Directorate General for Private Investments of the Ministry of Economy and Finance with their letter No 38078/04-09-07 informed us that according to the decision No 2866/YPE/4/1044/E/N.3299/2004/29-06-07of the relevant Minister and the Deputy minister, the submission of the investment plan of ELGEKA S.A. to the Development Law 3299/2004 was approved.
The purpose of the investment plan is the expansion of the Logistics Center in Kalohori, at Ehedoros Municipality, Thessaloniki, with the construction of new modern facilities for storage and distribution purposes.
The total budget amounts to euro 3.270.000. The company will receive 30% grant on the total budget (euro 981.000), 25% will be covered by the company's equity participation (euro 817.500 - part of this amount derives from the share capital increase, which was decided during the Ordinary General Assembly of the Shareholders on the 26th of June 2006), while the remaining 45% (euro 1.471.500) of the total amount will be covered by a 6-year term loan.
The expansion of the existing Logistics Center will be realized with the construction of a new modern Logistics facility which will have a total surface of 5.851 square meters in a privately owned land of 44.518 square meters, next to ELGEKA' s headquarters. Additionally, the new building will be equipped with storage shelves, clarks, PCs etc.
The services offered in the new center will be the following: delivering, storing, collecting, controlling of packaging or/and repackaging and routing ELGEKA' s or third parties' products.
The investment plant will be completed by the 30th of June 2008