In accordance with the provisions of investment law 3299/04, the Ministry of Finance and Economy approved the investment of 5,9 mil Euro for the construction of the supplying centre of the listed commercial company Yalco - Constantinou S.A.
In particular, the investment program for the construction of a Logistics Center (Supply Unit) on privately owned land at Oinofita Viotias was approved.
All the processes of the supply chain and distribution currently at Kifisia, Thessalonica and Oinofita will be collected in this centre, aiming at achieving economies of scale and optimizing the customer service provided.
The amount of the investment amounts to 5.900.000 Euro and will be covered by: owners equity - 31%, approved banking lending - 34% and subsidy of State - 35%.
The project is estimated to be completed during the first half of 2008.