Rahul Sharma (Editor)

Papastratos

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Type
  
Headquarters
  
Products
  
Founder
  
Evangelos Papastratos

Industry
  
Area served
  
Greece, East Europe

Number of employees
  
800 (2015)

Founded
  
1930

Papastratos staticpanoramiocomphotoslarge23248974jpg

Parent organization
  

Papastratos (Greek: Παπαστράτος Ανώνυμη Βιομηχανική Εταιρεία Σιγαρέττων) is a Greek tobacco company and is the largest manufacturer and distributor of cigarettes in Greece. The company was formed in 1930 by Evangelos Papastratos with its first factory located in Piraeus. Its second factory opened in 1933 in Berlin but was forced to close in 1936 under pressure from the Nazi regime. In 1937, the company opened its third factory in Cairo, which closed in 1955.

In its heyday the company was one of the largest industrial producers in Greece. Whole communities (such as Agrinio) flourished from the tobacco plantations supplying Papastratos factories.

The company began a co-operation with Philip Morris in 1975 and was purchased by it in 2003. In 2009, a new state-of-the-art factory was inaugurated in the area of Aspropyrgos, an investment of more than €100 million, with a production capacity of 20 billion cigarettes annually. Papastratos S.A. owns a tobacco warehouse facility at Agrinio as well.

Cigarette brands produced by Papastratos include Assos International and Old Navy.

Papastratos agios dionisis piraeus


References

Papastratos Wikipedia


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