Installation of SAP ERP in all subsidiaries of the Group

The company “Thrace Plastics SA” announces its decision with regard to the installation of the SAP ERP software system in all subsidiaries of the Group with the aim to improve the automated procedures.

The company “Thrace Plastics SA” (or for abbreviation purposes “the Company”) announces its decision with regard to the installation of the SAP ERP software system in all subsidiaries of the Group with the aim to improve the automated procedures of financial consolidation, international financial reporting and budgeting standards, as well as to achieve the most efficient and effective monitoring and automation of the production process. The implementation of the project will begin from the subsidiaries based in the USA at the end of March 2016 and it is expected to complete for all subsidiaries within the Group by the end of 2019. The total cost of the above investment is estimated at € 2 million.