Phil.Andreou Group

The Group was established in 1987 by Philokypros Andreou and its main activity then was the manufacture of display stands. Within soon, the display stands were in strong demand abroad and almost all of what was produced was sold to the Middle East, continental Europe & around the World. From a 2,400sqm owned factory in 1989, the Operation moved to a second much bigger, purpose-built, owned factory of 6, 600sqm in 1993, and in 2004 it expanded even further into a state-of-the-art factory, bringing its total floor area facilities to 23,000 sqm. The Phil. Andreou Ltd., was by far the leader in the Middle East in display stands, which were designed, manufactured & exported to over 118 countries, on behalf of Blue Chip FMCG Corporations. Cyprus’s accession to the EU led to a decline in exports due to the dramatic increases in port charges & other related reasons. Following the turmoil of the 2013 Financial Crisis that hit Cyprus, the severe credit crunch that followed had a major impact on the Group, which suffered substantially and had to reorganize its Operations and right-size them to the new norms. Since 2020, the Operations started to regain their vigour and pre-2013 Sales. Currently, the Group is involved in several Sectors, from Retailing, to Services and Manufacturing.