Presentation of the company

VRΙCO SA operates in the field of steel processing and trading of flat products (sheet metal) based in Aspropyrgos, Attica, with privately owned facilities covering a total of 30,000 sq.m. The company's new facilities are located very close to Attiki Odos, they are only 1 kilometer from the largest freight station in Greece in Thriasio Pedio and about 15 minutes from the port of Elefsina. The contemporary mechanical equipment of VRICO SA (two lines for slitting and cutting the products lengthwise), provides the possibility of straightening, cutting and slitting steel coils of all qualities and in a wide range of dimensions. All lines bought new within last years by a top Italian machinery producer.

History

The company was founded in 1979 from two very experienced sales people in the market Mr. Vrionis and Mr. Kosmas. The first premises was on Piraeus area, a highly industrial area of the time, today owned but not used by the company. There was a steady growth all over these years mainly based on capital produced by the company operations and less on bank loans. Today company operation is continued by the next generation (kids) of Vrionis and Kosmas families.

Organization

Today, VRICO SA is managed by the next generation of the Vryonis and Kosmas families. The flexible administrative organization of the company allows immediate decisions to be made, always with the aim of maximizing the benefit for customers and ensuring their quality service. All of the company's departments, namely sales, procurement, production and financial services, are run by the owners. The company employs a total of 38 workers (18 office workers and 20 machine operators, storekeepers and drivers).

Market segment

VRICO SA is mainly focused on covering the needs of the Greek industrial market segment and less on the retail and construction segment. This is mainly a reason that the company did not suffer severe bad debt losses during the beginning of the crisis of 2008-2009. Also the company is exporting small only a highly added value range of its products for industrial use. The company today has more than 1000 active customers mainly small-medium sized and is increasing its market segment every day due to a strong brand name on offering high quality material on competitive pricing policy with easy communication and service channel.

Exports

VRICO SA today has a small, although steadily increasing, exporting presence in the Balkans mainly because of the not competitive banking cost and expensive logistic. We believe that in the near future based on a strategy pushing our high value products like PPG sheets and strips we will be able to attract more markets and export even our commodity products like HR, CR and HDG.

Future

VRICO SA would like in Greece to keep its customer base and increase it with new and healthy companies. Moreover we would like to explore more our opportunities in export. All the above must be based on a good and healthy working environment combined with a low operation cost.