Εταιρικό Προφίλ

Last updated: 01/02/2001Ιστορικό Η εταιρεία συστάθηκε στην Κύπρο το 1963 ως δημόσια εταιρεία περιορισμένης ευθύνης. Ασχολείται με την παραγωγή κλίνκερ και τσιμέντου τα οποία διαθέτει στο εσωτερικό και εξωτερικό. Σε Έκτακτη Γενική Συνέλευση που πραγματοποιήθηκε στις 26.5.2005 εγκρίθηκε ειδικό ψήφισμα για μετονομασία της εταιρείας από «Τσιμεντοποιία Βασιλικού Λτδ» σε «Τσιμεντοποιία Βασιλικού Δημόσια Εταιρεία Λτδ». History: Vassiliko Cement Works Ltd was established in 1963, as a Public Company, on the initiative of Hellenic Mining Company. Vassiliko was chosen as the best possible location for the erection of the plant in view of the abundance of raw materials of excellent quality and the proximity to the sea. The 150.000 tones capacity plant was put into operation in 1967 and the first years of operation were exceptionally encouraging since the Company managed to sell its entire cement production, realising at the same time significant profits. Since 1967, the Company evolved with the market and the growing economy of the island. New production lines were installed to increase the production capacity of the initial plant in order to satisfy the growing local demand; the Company also managed to develop an international network of customers, built on the quality of its product, reliability and competitiveness. Recognising the great potential of the international market, the Company constructed the Vassiliko Port next to the cement plant in 1983, through which half a million tones of cement are exported on an annual basis. This port is also available to third parties for the import and export of bulk cargoes. The Company is now producing 1.3 millions tons of cement per annum. An important milestone in the history of the Company is the year 1990 when the Italcementi Group acquired 20% stake in the Company, which later has increased to 33%. Italcementi Group is one of the largest cement manufacturers in the world with investments in Europe, Asia, America and Africa. Italcementi group contributed significantly to the development and progress of Vassiliko Cement Works Ltd by sharing its vast know-how in cement production processes and advising on introducing new technologies. The Company was committed to a sustainable development program from which more than £4.000.000 were invested to increase capacity and improve and upgrade the production processes, while £500.000 were spent purely to improve the environmental performance. Further, the Company invests significantly in its relations with the neighbouring communities; it is very sensitive on environmental issues and employs full time staff to improve communication. Amongst other things, the above investments include: • A 25.000 ton cement silo has been erected and operates since 2000, which improves the exporting facilities and local distribution. • In 2002 a new cement mill was installed, of the latest and most modern energy efficient Roller type technology at a total cost of £7.000.000. This mill will also helps in reducing the C0² emissions through its ability to consume 20% (10 kWh/TN cement) less electric power compared to conventional tube mill systems. It will also contribute to a large extent in the health & safety of our personnel, and the welfare of the neighbouring community through its reduced noise levels. • A further move by the Company in helping reduce the country’s global C0² is the expected installation and commissioning in April 2003 of a 6MW fuel oil fired internal combustion engine cogeneration power plant, a £2.300.000, project that will also reduce substantially the plant’s electric power costs.