April 11, 2006 11:17 ET

Neochimiki Lavrentiadis S.A. Heading for Dominance in the Balkans

ATHENS, GREECE -- (MARKET WIRE) -- April 11, 2006 -- Inteview with Mr. Lavrentis Lavrentiadis, President and Managing Director of the Neochimiki Group of Companies (NEOCHI@GA).

Though the parent company Neochimiki S.A. initiated operations as a detergents trading company, the Group up to date has become the largest of the sector while management aspirations involve a lot more...

The objective is to further expand in the Balkans and reach a turnover of EUR 1 bil in the following six years, as Mr. Lavrentis Lavrentiadis, President and Managing Director, notes. Neochimiki is today the primary supplier in Greece of chemical products, by major multinationals such as Hoechst, Henkel and Cloriant, with 60% of sales derived from distribution and 40% from production. Mr. Lavrentiadis puts a lot of faith in the Balkan prospects for Greek firms emphasizing that "if not in 5 years from now the majority of sales of every Greek company is realized in the Balkans area, survival will be at stake"

Thirty three years after Neochimiki's establishment and the Group has become the largest producer and trader of chemicals in Greece and one of the largest in Europe. The EUR 30 mil. turnover of 2003 is estimated to exceed EUR 500 mil by 2009…

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About Neochimiki Lavrentiadis S.A.

NEOCHIMIKI L.V. LAVRENTIADIS S.A. is a leader in the production of detergents and the distribution of chemical products in Greece. It is a one-stop-shop for chemicals, providing top quality products to the Greek and international markets.

With over 30 years of experience in the field, NEOCHIMIKI L.V. LAVRENTIADIS S.A., the largest distributor of high-value added chemicals and one of the main chemical industrial complexes, currently cooperates with major multinationals and world-known chemical manufacturers, producing and distributing chemical products for several industrial sectors.

Contact Information

  • Company Contact:
    John Papavasiliou
    Group Financial Director
    34, Pentelis str.
    P. Faliro, Athens
    175 64 - Greece
    Telephone:(+30210) 94.60.400
    Fax: (+30210) 94.60.401

    Investor Relation Contact:
    Nicolas Bornozis
    Capital Link, Inc.
    230 Park Ave. Suite 1536
    New York, NY 10169
    T: 212-661-7566