Vassiliko Cement Works was established in 1963 and the production plant became fully operational in 1967. Acknowledging the advantages of proximity to the sea, the Company constructed the port of Vassiliko in 1983, operating since then without any interruption, offering optimal services to the Company's international customers. In addition, the port facilitates the import of raw materials. The Company has been listed in the Cyprus Stock Exchange (CSE) since 1996.
In 2011, carrying out an investment of €185mn and following new European Standards, the Company completed the construction of a new clinker production unit of cutting edge technology. The renovated production plant contributed significantly to environmental performance improvement, cutting production cost and increasing the Company's production capacity to 2mn tons annually. At Vassiliko Cement Works, we share a common vision in carrying out our activities, adhering to the code of ethics and to a socially responsible way of action.
Corporate Social Responsibility and Sustainable Development:
Corporate Social Responsibility constitutes an integral part of Vassiliko operation. Corporate Social Responsibility is underpinned on the mindset governing the Company's business activity and on the initiatives aimed at upgrading the living conditions, the cultural level and the environmental protection.
The Company's commitment to Sustainability represents a valuable tool for building a relationship of trust with all stakeholders: customers, shareholders, associates, local and other communities. Through our established dialogue with our social partners we try to comprehend the importance attached to various issues regarding the Company's activity with the aim of a better response and harmonization of our actions with our corporate values and principles. Our mission is to operate under full transparency and respect for our fellow human beings.
In addition, we envisage the ongoing growth and development through the support of our people, the respect to the environment and the prosperity of the local community Vassiliko operates in. Our aim is to remain steadfast to our course upwards and to our quality product, to continue being the preferred supplier of our customers and an attractive employer for whom everyone would wish to work.