Papastratos

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Papastratos
Παπαστράτος ΑΒΕΣ
Philip Morris International

Papastratos (

Nazi regime.[2] In 1937, the company opened its third factory in Cairo, which closed in 1955.[3]

In its heyday the company was one of the largest industrial producers in Greece. Whole communities (such as Agrinio)[4] 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.[5] In 2009, a new 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.[6]

References

  1. ^ "Shareholders Agree to Sell 76% of Papastratos to an Affiliate of Philip Morris International". Business Wire. 6 May 2003. Archived from the original on 12 July 2012. Retrieved 26 December 2007.
  2. ^ Harontakis, D (9 Feb 2007). "Evangelos Papastratos". Epoxi (in Greek). Archived from the original on 20 July 2006. Retrieved 26 December 2007.
  3. ISBN 1-84511-137-0
    .
  4. ISBN 0-7099-3827-6
    .
  5. ^ "Philp Morris Acquires Control of Papastratos for EUR 368 Million". Business Wire. 15 October 2003. Retrieved 26 December 2007.
  6. ^ "Papastratos Cigarette Company S.A." Business.com. Archived from the original on September 22, 2007. Retrieved 27 December 2008.
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