Recently, we supported the funding from the loan segment of the Recovery and Resilience Fund (RRF) for the implementation of Megara Resins’ investment plan, which covers a series of expenses totaling approximately 6.4 million euros.
The company Megara Resins was founded in 1961 and has since been recognized as a leader in the field of resin manufacturing and other materials for industrial and architectural coatings.
With a strong R&D department and production unit, it manufactures and markets advanced and diverse products, as well as technologies for surfaces, focusing on environmentally friendly products such as resin powders for coatings, rosin (resin), alkyd resin dispensers, water-based acrylic dispensers, and unsaturated polyester resin.
Megara Resins: Focus on Environmental Protection
During the development and manufacturing of products, the company takes the necessary measures to reduce the environmental impact of its operations, continuously expanding its framework for environmental protection.
For this purpose, it introduced an environmental management system in accordance with ISO standards, as well as a corresponding health and safety management system for its employees, thus complying with EU regulations and ensuring certain ESG criteria.
Regular inspections by the company and competent authorities ensure that the environmental measures implemented in the area where the company operates are effective and help achieve its established goals.
How the Funding from the T.A.A. Contributed to the Company’s Goals
The subsidy helped implement the investment for the new logistics storage building being constructed on an adjacent plot to the existing facility, in order to meet the increased production needs.
In addition to the building facilities, the investment plan included the development of the surrounding area, as well as the installation of photovoltaic systems to cover self-consumption and indirectly store the generated electricity.
Furthermore, Megara Resins proceeded with the modernization of its industrial facilities and the mechanical equipment of its production process, through the construction of a tank farm, new chemical reactors, transport systems, etc.
Our Role
VK PREMIUM, as a development consultant, contributed to the approval of the investment loan, having undertaken the preparation and drafting for the approval of the loan with a low-interest subsidized rate from the Recovery and Resilience Fund.
Services We Provided:
- Preparation of the required technical and financial study for the investment plan, aimed at the successful approval of the loan application.
- Systematic collaboration with the company to develop a comprehensive business plan that maximized the chances of approval for the application.
- Submission of the complete application file to the relevant authorities to ensure evaluation and approval within the shortest possible time.
- Coordination of all involved parties.
Eligible Expenses for Financing
The company has been approved for financing for the following items:
- Building facilities
- Installation of photovoltaic systems
- Landscaping works
- Production line equipment
- Mechanical and other equipment
- Transport vehicles
VK PREMIUM undertakes the submission of proposals for investment plans within the RRF loans framework.
