The Government’s decision to maintain stable energy prices is allowing Maltese companies to expand and invest in their workforce, according to the Ministry for the Environment, Energy and Public Cleanliness.
During a visit to the injection moulding firm Thermoplastics, Minister for Energy Miriam Dalli met with employees and toured the company’s facilities. Managing Director Kenneth Caruana said that Malta’s energy stability is crucial to remaining competitive in both European and Eastern markets. “Our operations rely heavily on energy prices: electricity, as well as plastic, which serves as the base material for our products,” he stated. “The assurance that energy prices in Malta remain competitive and stable allows us to offer cost-effective services while continuing to invest in both the company and our employees.”
Caruana also explained that Thermoplastics has replaced 75% of its machinery with energy-efficient equipment and plans to renovate its premises to “further enhance energy efficiency and to integrate renewable energy sources.” The company, which operates three plants including one in Tunisia, focuses on recycling and using biodegradable materials.
Minister Dalli reaffirmed that the Government “has invested around one billion euro” since 2021 to shield families and businesses from international energy price pressures.
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Photos: DOI
