Thrakon's management aims for an upward trend, both in the domestic and international markets, this year, focusing on further strengthening its recognition as a specialist in the sale of construction, insulation and building materials. At the same time, as stated in the financial statements, "the aim is to continuously develop its customer base with a focus on service and quality, taking advantage of its high product expertise and experience in the industry.".

NEW PLANT

Regarding its investment program, it is noted that at the end of 2023 the new mortar plant in Oinofita was completed and started operation, with which the company estimates that it will double its production capacity and hopes through economies of scale to further reduce overall production costs. Thrakon's new plant, for which around €6 million has been invested, has a production capacity of 300 thousand tonnes per year. It has vertically integrated production, with the production process starting with calcium carbonate crushing, screening and production of several different fractions and ending with blending and packaging of the final product.

PLAN

In the five-year period 2024-2028, the company's plan is to invest €20 million, which will focus on:

• further upgrading of machinery and equipment
• geographical expansion of its activities in other countries 
•  further development of innovative products

Thrakon has 6 factories in Greece. More specifically, 3 plants are located in Orestiada, which produce mortars, YTONG autoclaved aerated concrete, and expanded polystyrene.  Another mortar plant is located in Chalkidona, while two plants operate in the Oinofita area, one producing paints and liquid products and the other being the most modern mortar plant in Greece.

RETURN ΟΝ PROFITS

Regarding the company's performance in 2023, the turnover showed stability; however, as the management states, "the correct and effective management of raw materials and the downward trend of their prices led to greater profitability.". Indeed, on the balance sheet bottom line, the company returned to profit from loss in 2022.