The Cretan company "To MANNA – N. Tsatsaronakis" is moving into its next phase of development. The company has secured approval for a €14.3 million investment to establish a new production facility for rusks and bakery products in Attica, expanding its production footprint.
The project, approved under the “Manufacturing – Supply Chain” scheme of the development law, is one of the largest industrial investments in the latest round of approvals.
The investment involves the development of a new production facility at the “Louro” site in the Municipality of Acharnes. With a total eligible cost of €14.31 million, the company secured €4.01 million in state aid through a tax exemption, an amount corresponding to approximately 28% of the investment cost.
For the family-owned business from Platanos, Kissamos—which holds a leading position in the market for rusks and traditional baked goods—the investment is part of a broader strategy to strengthen its production base. A project that began five years ago with the acquisition of the facilities of the once-powerful Katselis and was finalized with the signatures that were “put to paper” nearly two years ago.
Other major approvals
Among the investment plans approved in the last 24 hours is that of ISOMAT. The building materials industry will invest €11.03 million to expand its production facility for construction chemicals, mortars, and paints in Agios Athanasios, Thessaloniki. The subsidy amounts to €4.41 million through a tax exemption, while the project is linked to the creation of 30 new jobs.
At the Sindos Industrial Park, “Kyriakidis Vasileios S.A.” received approval for an investment of €8.62 million aimed at expanding its flat glass forming and processing unit. The project will be supported by a grant of €4.14 million and is expected to create two new jobs.
Similarly, Patraiki Plastics Industry S.A. has joined the Development Program for an investment of €776,000 to increase the production capacity of its plastic packaging plant in the Patras Industrial Zone.
The state aid amounts to €543,000 through a tax exemption.