Pavlidis Marble Granites announced the completion of the acquisition of 100% of the shareholding interests of Dolit Investments by Christoforos Pavlidis, marking the re-acquisition of all the group’s companies.
In particular, the group in the marble sector owns Stone Works Holdings Netherlands, 89.25% owner of the paid-up capital of Mermeren Kombinat, from which the world-famous white marble SIVEC is extracted, as well as the following companies:
Stone Works Albania, from which the beige marble PERLA is quarried, Stone Works Bulgaria and DIOYSSOMARBLE Bulgaria, from which the historical beige marble VRATZA is quarried.
In addition, in recent years, Pavlidis Marble Granites has been actively involved in the energy sector, holding 100% of the share capital of ENERFARM, with 80MW wind and photovoltaic parks in operation and an additional 120MW of RES projects under implementation, strengthening its presence in the domestic market of renewable energy sources and contributing to green energy and positive environmental footprint.
Pavlidis’ international presence is reflected in its 11 active quarries in Greece and abroad, five of which are models of high productivity. The company’s quarries are located mainly in Northern Greece but also in neighbouring Balkan countries, and it produces more than 300,000 tonnes of raw marble volumes per year and 600,000 sqm of processed marble per year, with a production capacity of up to 1,000,000 sqm. The company’s headquarters and industrial facilities are in Drama, one of the most important centres of white marble extraction worldwide.
For 2022, profitability continued in both the corporate and consolidated balance sheets, with the group’s exports reaching 85% of its working cycle, located in more than 40 countries worldwide, mainly in China, S.A. Asia, North and Latin America, the Arabian Gulf and Europe. In particular, the Group’s Operating Turnover for the fiscal year 2022 is estimated at 103,274,932 million and EBITDA at 18 million euros, respectively, with an expected decrease of 13% in turnover compared to 2021 due to the crisis observed in the global market.
A legacy for the future is undoubtedly the company’s two white diamonds, Ariston, and Sivec, which, thanks to their uniqueness, have travelled the world and have been selected in monumental projects, counting its materials among the most sought-after, together with its expanded range of marbles. At the same time, the growth strategy continues, with continuous investments in the marble sector and similar industries of the primary sector.
