Papadopoulou plans €59.6 million expansion of Volos food plant
Greek food manufacturer E.I. Papadopoulos is investing €59.6 million to expand and modernize its Volos plant, where Caprice products are made. The project follows a 3.73% rise in 2025 revenue to €252.52 million, while higher input and operating costs weighed on profit.
Capacity expansion targets rising demand
Greek biscuit and food manufacturer E.I. Papadopoulos is implementing a €59.6 million investment to expand production capacity at its Volos plant, according to Insider.gr. The facility produces Caprice, the brand launched in 1978 that later became the company’s flagship export product.
The project covers the modernization of production facilities, additional capacity and greater automation through artificial intelligence technologies and robotic systems. It also includes workforce expansion and measures intended to support further growth in exports. Papadopoulos is planning new production and storage buildings because demand has increased and space in the existing buildings is limited. The additions will be constructed within the company-owned site.
The plant has operated since 1980 in the Dimini community, in the first industrial area of Volos in Magnesia. The expansion forms part of a broader investment program across all of the company’s production units. That program includes new equipment and infrastructure, improvements in production efficiency, development of products across the company’s categories, digitalization and employee training in new technologies.
Sales rise as profitability weakens
Papadopoulos reported 2025 revenue of €252,515,971, an increase of 3.73% from 2024. Profit before tax fell 12.95% to €8,675,453, while profit after tax declined 17.36% to €6,935,527. The figures show that sales growth did not fully offset pressure from raw materials, energy, packaging, payroll and logistics.
The company said flour and grain prices were slightly lower during 2025, while sugar continued to retreat after steep increases in previous years. Cocoa and cocoa derivatives, however, remained exceptionally expensive and volatile because of constrained production in major origin countries. Packaging material and payroll costs also recorded notable increases.
Electricity and natural gas became more expensive compared with 2024, reflecting international energy markets and geopolitical developments. Storage and transport expenses remained elevated, adding to total supply-chain costs. Short-term liabilities stood at €50,556,792 at the end of 2025, down from €52,341,440 a year earlier.
Product portfolio and corporate changes
The workforce increased to 1,796 people as of December 31, 2025, from 1,672 in 2024. Papadopoulos maintained its leading position in biscuits and continued developing higher-value products aligned with current dietary trends. It also reported progress in cereal bars, bakery products including rusks, breadsticks and Krispies, and packaged bread. The company supported its packaged-bread business with the launch of TOST Psicha and investment in advertising and promotions.
Alongside the industrial program, Papadopoulos made changes to its corporate structure. A decision registered on May 20, 2026 converted its Series A and B registered preference shares into ordinary registered shares. The resulting share capital comprises 525,000 ordinary registered shares with a nominal value of €20 each and a total value of €10.5 million. On June 30, 2026, a draft merger agreement was registered for Papadopoulos to absorb I.K.E. Akinita AE.
