The Company

Vassiliko Cement Works was founded in 1963 and the plant became fully operational in 1967. Recognizing the benefits of being near the sea, the company constructed the Vassiliko port in 1984, which it operates since then, thus giving it the benefit of better servicing its international clients, as well as efficiencies in its imports of raw materials. The Company has been listed on the Cyprus Stock Exchange since 1996.

The installation of a new, state of the art clinker plant, along new European Standards, was completed in 2011. The revamped plant has contributed significantly to improving environmental performance, reducing production costs as well as increasing the production capacity of the Company into 2 MT annually.

 

The Company operates in clinker and cement production sectors and manages four quarries for the extraction of raw materials which are used exclusively for the production of cement. The Company’s quarries are:

 

- 1 Limestone Quarry in Kalavassos Village (the largest Quarry in Cyprus)

- 1 Reef Limestone Quarry in Armenohori

- 2 Clay Quarries in Mari and Vassiliko.