Thrace Plastics plans up to €25 million in production investment and expands into Oceania
Thrace Plastics is planning €20–25 million of investment in 2026, including a €14.59 million expansion of its packaging plant in Xanthi. The Greek group is also entering Australia and New Zealand through its acquisition of BHA Holdings.
Investment targets Greek production
Thrace Plastics is preparing a €20–25 million investment programme for 2026, combining additional production capacity in Greece with new machinery, automation and robotics. According to Pagenews.gr, the programme is focused on raising output where demand is strongest while reducing operating costs.
A central project is a €14.59 million expansion of the group’s plastic packaging plant in Xanthi. The investment has been admitted to Greece’s Development Law and is expected to receive €7.29 million in tax support, equal to 50% of eligible expenditure. The project will strengthen the group’s domestic manufacturing base, although the source did not disclose the resulting increase in capacity.
Rigid packaging is at the heart of the programme because the group sees strong demand in this segment. The combination of more equipment and greater automation is intended to support higher production and improve cost efficiency. For Greece’s plastics industry, the Xanthi project represents new industrial spending in a petrochemical-dependent value chain at a time of uncertainty in international manufacturing.
BHA acquisition creates an Oceania platform
Thrace Plastics is expanding beyond Europe at the same time. The group completed the acquisition of 100% of Australia-based BHA Holdings Pty Ltd on 30 March through a subsidiary. BHA operates through companies in Australia and New Zealand and has more than 40 years of experience in packaging.
The acquired business specialises in products including flexible intermediate bulk containers, or FIBCs, as well as storage and material-handling solutions for agriculture, mining, chemicals and food. Thrace Plastics said the transaction expands its presence in Australia and New Zealand, strengthens its position in the FIBC sector and creates synergies with its existing operations.
The acquisition gives the Greek group a commercial and operating base closer to customers in Oceania. This could reduce its reliance on serving the region through long-distance exports while providing a platform for selling a broader product portfolio. Pagenews.gr did not report the acquisition price or BHA’s financial results, so the transaction’s immediate contribution cannot be quantified from the available information.
Stronger earnings support expansion
The investment programme follows improved results in 2025. Group revenue rose 5.2% to €389.6 million from €370.4 million in 2024, while sales volumes increased 7.2%. EBITDA advanced 17% to €48.4 million, and profit before tax rose 45.1% to €19.9 million.
First-quarter revenue reached €100.3 million. Packaging sales increased 17.8%, while the segment’s EBITDA rose 97.3%. EBITDA in technical fabrics increased 38.8% despite restrained demand in some markets. These figures indicate that packaging is providing substantial momentum as the group commits capital to rigid packaging and expands its FIBC activities.
Raw-material risk remains
The Middle East crisis remains a risk for a manufacturer dependent on petrochemical feedstocks. Serious disruption to international supply chains could affect both availability and prices. Management said it had secured the necessary raw-material volumes for the coming months, but described the pricing environment as difficult.
Eurobank Equities forecasts sales growth of about 9% and EBITDA growth of about 18% in 2026. It also expects BHA’s integration to create a new growth platform in Australia and New Zealand and has raised its target price for Thrace Plastics shares to €8. The outlook now depends on executing the Xanthi expansion, integrating BHA and managing feedstock costs without weakening margins.
