Thrace Plastics targets Moroccan company Naturplas in international expansion push
Thrace Plastics Pack has set its sights on Moroccan company Naturplas Industrial SARL (NPI) as part of efforts to expand its international presence, boost its financial performance and strengthen its production base, responding to major shifts in the plastics industry driven by geopolitical uncertainty and increasingly stringent regulatory requirements for sustainable and environmentally friendly products.
The Greek company has signed a Letter of Intent (LoI) to acquire 100% of Naturplas. The target company produces plastic films used for greenhouse coverings and other agricultural applications. Its sales reached 12.5 million euros in 2025 and are estimated at 20 million euros in 2026.
Naturplas operates a modern industrial facility in Tetouan and completed an investment in new production equipment in early 2026, more than doubling its production capacity and creating significant scope for further growth.
The company is also focusing on the target company’s favorable geographic location and trade agreements that facilitate exports to Europe, the Middle East and Africa. It also highlights Morocco’s large and growing domestic market, as well as its highly competitive costs for raw materials, energy and labor.
According to the listed company, the transaction is expected to be completed within the next quarter, with its value to be determined based on specific financial data of the Moroccan company.
Challenges
In 2025, its revenue increased 1.0% to 185.9 million euros, mainly driven by higher sales volumes. Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) fell 4.1% to 66.8 million euros, while net profit after tax declined 11.0% to 43.6 million euros.
According to its management, demand for the Group’s products remains at satisfactory levels. At the same time, the company is working to develop new markets and applications, strengthening its sales force and research and development activities, with the aim of diversifying its portfolio and securing technology-driven competitive advantages.
The plastics industry is undergoing a period of profound change, with global trends toward sustainability, circularity, innovation and digitalization influencing both consumer requirements and corporate strategies.
At the same time, major developments in the Middle East, combined with Iranian attacks on oil, gas and petrochemical facilities in the Persian Gulf, are having a significant impact on the plastics industry.
Petrochemical plants in Asia are facing shortages and sharply higher oil and gas costs, with some forced to cut production. Freight rates and shipping times have increased significantly, while petrochemical and polymer production in Europe has been declining due to a loss of competitiveness and is therefore unable to meet demand.
The US is increasingly becoming the main supplier to the global market. As a result of these factors, the cost of plastic raw materials has surged.
At the same time, uncertainty is growing over whether sufficient materials will be available to fully meet the industry’s production needs if the war continues for an extended period.
At present, Thrace Plastics’ plants are focusing on securing raw material supplies, while particular emphasis is being placed on innovation through the company’s new R&D department in Heraklion, Crete, as well as its plastics recycling facility.
Προτιμώμενη πηγή στην Google
Για να εμφανίζονται περισσότερα άρθρα της Ναυτεμπορικής στις αναζητήσεις σας εύκολα και γρήγορα, πρέπει να προσθέσετε το site στις προτιμώμενες πηγές σας. Μπορείτε να το κάνετε πηγαίνοντας εδώ.
