Pavlidis Marmara: From Drama to 40 countries and five continents |Business Daily

2022-09-16 18:44:22 By : Mr. Alvin Zhu

Pavlidis marbles have clad some of the most iconic buildings in the world, from the tallest skyscraper in New York to the headquarters of the tech giant Huawei in China and from the four-story Chanel store in Manhattan to the South Beach Tower in Singapore.The company has "signed" projects in many continents and countries such as Korea, Singapore, New York, Taiwan, the Philippines, etc.It has built an excellent portfolio and now has the largest holdings in SE Europe, with a total of eleven active quarries at its disposal, of which six are in Greece and five in neighboring countries.In Greece it owns the Ariston, Venus, Galaxy and Kavala quarries, while in SE Europe it manages quarries including the dominant ones in North Macedonia (Sivec marble), Albania (Perla) and Bulgaria (Vratza), where in February 2020 acquired 100% of the shares of Dionyssomarble Bulgaria.The Ariston quarry has a capacity of 30,000 m2.marbles, while a noble and fine marble with a high aesthetic value is mined.The Kavala quarry with a capacity of 40,000 m2ongomarmara annually gives the marble of the same name which is very common in Greek constructions.The Volakas quarry mines the white marble with the characteristic gray-brown "waters", while the Florida quarry mines a unique marble with the characteristic blue-grey waters on a white background.Cream/beige limestone is quarried at the Perla quarry in Southern Albania.In 2017, Pavlidis Marmara made the most important acquisition in the sector in the last several years, as it acquired 88.4% of the company Mermeren Kombinat AD Prilep in North Macedonia for an amount of 73.65 million euros.It was a checkmate move on the part of the dramatic company, as Mermeren Kombinat has one of the best white marble quarries in the world, from which some of the most iconic buildings – governmental and religious – of the Eastern world have been clad.In February 2018, Pavlidis also acquired the remaining 10% of Mermeren Kombinat AD Prilep, which is in the form of Greek Certificates (EL.PIS.).The proposal from Pavlidis was for 468,700 EL.PIS., paying the amount of 8.76 million euros.The 468,700 EL.PIS. represent Mermeren shares that correspond to 10% of its share capital.The EL.PIS.(Greek certificates) correspond to common shares of Mermeren Kombinat AD Prilep and are listed for trading on the Skopje stock exchange, as well as on the A.H.A.Mermeren Kombinat is listed through a special regime on the A.E.since May 21, 2004, when 10% of its shares were listed, through the Greek Certificates that allowed companies based around the Balkans to be listed, in an attempt to internationalize the Greek stock market.Mermeren Kombinat owns the Sivec quarry located in Skopje, in the town of Prilep which is approximately 200 km from the port of Thessaloniki, which it uses as its main overseas distribution center for Bianco Sivec marble.Mermeren's all-white marble has clad famous and iconic buildings such as the Taj Mahal in India, government buildings in Azerbaijan, and dozens more in China, the Middle East, countries of the former Soviet Union, Singapore, South Korea, and Indonesia.Mermeren belonged to Kyriakidis Marmara until 2009 when it was sold to NBGI Private Equity Limited of the National and Ethemba Capital who bought 88.4% of its shares.