The Greek textile industry is recovering and at the same time struggling with energy costs (as one of the most energy-intensive industries) to maintain the upward trajectory. High quality Greek cotton textiles survived the “tsunami” of cheap nylon fabric orders from all over the world during the last decades
September-October 2022 Greek Business File, Issue No 139
by Vicky Kaliakou
In the changing landscape of the textile market, Greece is ranked first owning 85% of the total production of cotton in the European region. “Nafpaktos Textile Industry SA” has been operating for 58 years having passed through almost all the sectors of the textile business, including ginning, spinning, weaving and manufacturing garments.
It all started in 1964 by Georgios Polychronos, who had an artisanship of men’s shirts’ cutting and sewing, in the city of Patras. During the 1970s, the first weaving mill was built and in the 1980s, the first spinning mill. In 1996, the company was listed at the Athens Stock Exchange. In the same year, the second cotton spinning mill in Nafpaktos was constructed. In 2000, the “Nafpaktos Textile Industry S.A. Group of Companies” acquired its first cotton ginning mill in Sofades – Karditsa. Over the last two years, the renovation investment plan and the new compact yarn production line in the Nafpaktos spinning mill and the annexation to the companies of the Group of the second cotton ginning mill in Neochori – Messolonghi have taken place.
The factory in Lygia Nafpaktos has a spinning mill with a total capacity of 17,000 spindles and its annual production capacity amounts to 3,200 tonnes of cotton yarn, with an average daily employment of 24 hours, 7 days a week, for 11 months a year. “We produce 100% certified, high quality Greek cotton yarns. Traceable and responsibly produced, always within the framework of our vision for sustainable production, with respect for people and the environment,” Dimitris Polychronos, CEO and Executive Member of the Board of Directors of “Nafpaktos Textile Industry S.A.,” tells GBF. “Our company has the competitive advantage of “vertically integrated production.” Starting from the cotton production process, then the ginning and finally the spinning, there is continuous control over the raw material costs, flexibility and adaptability of the Management,” he adds.
The full article is published in the September-October 2022 Greek Business File, here.