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Establishment of the company by: Georgios
Zavogiannis, Dimitrios Zavogiannis, Nikolaos Zavogiannis, Dimitris
Zamanos, Efstathios Iatridis, Spilios Agapitos, Anastasios Stamatiades,
Georgios Vrizakis, Spyridonas Fokas Cosmetatos. The initial name of
the company is Industrial and Commercial Company Ltd «General Cement
Company» based in Athens.
The first plant with the name «HERACLES» is erected in Drapetsona
in Pireaus with an annual productive capacity of 2000 tons. |
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Andreas Hadjikyriakos is appointed Chairman
of the board. |
| 1919 |
The shares of the company are quoted on
the Athens Stock Exchange. |
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Merger of the Company with Volos Cement
Company Ltd «OLYMPOS», which possessed the plant in Volos, built in
1924.
The new name of the company becomes «General Cement Company Ltd». |
| 1939 |
Alexandros Tsatsos is appointed Executive
Director. |
| 1951 |
Alexandros Tsatsos is appointed Managing
Director of the Company. |
| 1952 |
The plant in Drapetsona receives a subsidy
from «Marshal plan» and its total productive capacity, with 2 rotary
kilns, amounts to 1000 tons daily. |
| 1959 |
Alexandros Tsatsos is elected to be the
Chairman of the board as well as Managing Director. |
| 1962 |
Modernization of Drapetsona plant and
doubling of its production. |
| 1964 |
Initial operation of Thessaloniki distribution
terminal. |
| 1965 |
Initial operation of Rio distribution
terminal in Patras. |
| 1966 |
Initial operation of Igoumenitsa and of
Kavala distribution terminals. |
| 1967 |
Initial operation of Heraclio distribution
terminal in Crete. |
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Installation of the first electronic data
processing system in the Company in the headquarters in Dragatsaniou
street, downtown Athens. |
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Alexandros Tsatsos becomes the first
and the only greek to date to be elected president of CEMBUREAU
for a service period of three years. |
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Initial operation of Rhodes distribution
terminal.
A permission is given for the erection of a new plant in Methana (Triton
project) with a projected budget of 1,4 billion drs and with a productive
capacity of 4000 tons daily. Purchase of mechanical equipment and
temporary storage in Keratsini. |
| 1974 |
Suspension of the permission concerning
the plant in Methana. Transportation and installation of the mechanical
equipment in Volos plant. |
| 1975 |
Opening of the Company's offices in Lycovrissi,
Attica. |
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Change in the name of the company to «HERACLES
General Cement Company Ltd». |
| 1980 |
Creation of distribution terminals in
Egypt. |
| 1981 |
The Drapetsona plant operates exclusively
as a distribution terminal. |
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The Company changes base from the municipality
of Athens to Lycovrissi, Attica. Operation of the «ÏLYMPOS»
plant in Volos with coal (steam coal and pet coke) as the main fuel.
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| 1983 |
Opening of «HERACLES II», the company's
new plant in Milaki, Eboea.
Change in the Company's administration (departure of Tsatsos family). |
| 1984 |
Close down of the distribution terminals
in Egypt, due to the creation of local domestic cement production
units. |
| 1986 |
The Company goes under the provisions
of the Law 1386/1983 and now belongs to the broader public sector. |
| 1992 |
Transfer of 50,5% of the Company's shares
to CAL-NAT .
(CALCESTRUZZI SpA. - NATIONAL BANK OF GREECE) |
| 1995 |
Nominalization of the Company's shares. |
| 1996 |
The Company buys out the Halkis Cement
Group.
Clearance procedure for CAL-NAT and distribution of the AGET shares
it possessed (50,5% of total) to CONCRETUM company with 38,5% and
to the NATIONAL BANK OF GREECE with the remaining 12%. |
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Transfer of 54,48% of the Company's shares
to the English Group BLUE CIRCLE INDUSTRIES. |
| 2001 |
Completion of the merger procedures of
the companies AGET HERACLES, HALKIS CEMENT CO SA and
HALKIS CEMENT TRADING CO INC through absorption of the second
and third by the first company. The name of Halkis plant now becomes
«HERACLES III» plant.
Sale of the subsidiary HERACLES PACKAGING SA.
Acquisition of BLUE CIRCLE INDUSTRIES plc by LAFARGE.
Issue of new shares and exhange of the shares of HALKIS CEMENT
CO SA with shares of AGET HERACLES. |
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