Piraeus Bank, in the promotion of circular economy and reducing the environmental footprint of plastic products, has included in the financing criteria of the company MATRIX PACK SA, criteria related to issues of Environment, Society and Corporate Governance (Environmental, Social and Governance - ESG).
The initial funding of € 6 million relates to investments of MATRIX PACK SA in Greece for the transition of its production, from plastic straws to biodegradable and paper.
The Chairman of the Board of Matrix Pack, Mr. Lyberis Polychronopoulos, stated: "The mission of Matrix Pack is to support its customers' policies for sustainable development and to be fully in line with EU and Member States directives. In this context and with investments based on innovative technologies, our company is at the forefront of Europe, with a significant percentage of participation in the global supply chain in paper straws, supplying all market segments, beverage bottling companies, HO-RE-CA, retail, as well as important customers in the international fast food chain market. We would like to thank Piraeus Bank for its contribution to our effort to promote sustainable development policies".