# Greek manufacturing sector business developments > Developing situation record from CLSTR: https://clstr.news/situations/greek-manufacturing-sector-business-developments > Updated: 2026-10-22T11:44:30.000Z. Sources: 5. Developments: 2. Greek manufacturers are pursuing growth and modernization strategies despite varying economic pressures. E. I. Papadopoulos SA reported annual sales exceeding €250 million in 2025, a 3.7% increase from the previous year. However, the company saw net profits fall by 17.36% to €6.94 million due to rising operational costs, including high prices for cocoa, energy, packaging, and transport. To address these challenges and support future growth, the company is implementing a €59.6 million investment in its Volos plant to modernize facilities and integrate automation through artificial intelligence and robotics. Similarly, cosmetics manufacturer Papoutsanis has announced a five-year development plan targeting a turnover of €150 million and a 16% EBITDA margin by 2031. The company intends to invest €5 million annually over the next five years to upgrade production infrastructure and enhance automation, supporting an expansion strategy focused on branded products, hotel supplies, and third-party manufacturing. ## Timeline ### 2026-10-22: Papoutsanis sets €150 million turnover target by 2031 Greek cosmetics manufacturer Papoutsanis aims for €150 million in turnover and a 16% EBITDA margin by 2031 through organic growth and annual €5 million investments. 5 sources. https://clstr.news/cluster/papoutsanis-sets-150-million-turnover-target-by-2031 ### 2026-09-27: Papadopoulos sales exceed €250 million amid rising costs Papadopoulos reported 2025 sales of €252.52 million, a 3.7% increase, though net profits fell to €6.94 million due to rising costs. The company is investing €59.6 million to modernize its Volos plant. 6 sources. https://clstr.news/cluster/papadopoulos-biscuits-reports-record-sales-amid-falling-profits --- Cite as: Greek manufacturing sector business developments. CLSTR, https://clstr.news/situations/greek-manufacturing-sector-business-developments