| The Company/Investment Plans |
During the period 2004 - 2005 there are the following ongoing investment plans
with a total cost of 4.770 M€:
- First phase of energy saving program
(1330 M€).
- Installation of IT System (150 M€).
- Co-production of
electrical and thermal energy with the use of natural gas (870 M€).
- Installation of Environmental Management System (90M€)
- Second phase of energy saving program (2270M€).
The first three investment plans come
under programs funded by the Ministry of Development with a funding percentage
of 35% to 50%. The approval for the remaining investment plans is expected
within the first semester of 2004.
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