Our founder, Mr Isidoros Spanos sets up his business as a sole trader, with main object of activity the trade of Chemicals and Fertilizers.
IMPORTANT AGREEMENTS
Agency Agreement with German Trading Company Helm AG. HELM AG is a leading Chemicals Marketing and Sales Organization based in Hamburg with sales over EUR 5 billion. The cooperation still goes on.
Gradual participation in the Management of the company of the second generation of Spanos family.
EXPANSION
Establishment of general liability company
MARKETING SHIFT
Throughout the 2000s the company has changed from a pure trading company to a marketing organization/distribution company, taking a long-term view of the market requirements and the functions that are creating value for its partners. The company’s growth in the years that followed was rapid.
NEW BUSINESS UNIT
Creation of Business Unit Polymers which has proven on of the Growth drivers of the company.
NEW LOGISTICS HUB
Set up of the first Logistics HUB in Aspropirgos, Greece.
AFCO FOUNDATION
Conversion of the Company from General Liability Company to Societe Anonyme and change of legal entity’s name of the company to Aegean First Company AFCO SA
GROWTH
Throughout 2008 to 2013, company has achieved a significant growth with average annual turnover increase of 15%.
In 2008, AFCO reached 30 years of continuous successful operation. From the first day of its incorporation, AFCO has remained focused on the core values set by its founder. Throughout these years AFCO has strived for continuous growth and improvement.
NEW LOGISTICS HUB
Setup of Second Logistics HUB in Thessaloniki, Greece.
NEW COOPERATION
Contract with Carmel Olefins, the leading Israel Petrochemical Producer
Chimcomplex Partnership
AFCO partners with Chimcomplex for the distribution of Polyols.
NEW COOPERATION
Contract with ExxonMobil a leading Global Petrochemical Producer.
NEW COMPANY
Creation of Bulgarian Affiliate (AFCO ltd) to cover Bulgarian market and setup of local logistics HUB in Varna and Plovdiv.
NEW COMPANY
Creation of Romania Affiliate (AFCO Solutions slr) to cover Romanian market and setup of local logistics HUB in Bucharest and Konstancia.
HEADQUARTERS MOVE
Change of company headquarters to Dorileou Street, Athens.
BUSINESS UNIT CHANGES
Added B2C sales to the agrochemicals and new AFCO Ferti branded fertilizers
AFCO extended partnership
AFCO partners with ExxonMobil for the marketing of Polyolefins in Bulgaria and Romania
NEW COMPANY
Creation of new subsidiary company in Belgrade named AFCO Serbia which covers the Sales of the AFCO Group in Serbia and the Western Balkans.
Mitsubishi
New Cooperation promoting the portfolio of Specialty Polymers and Resins from MITSUBISHI CHEMICALS in Albania, Bulgaria, Greece, Romania, Serbia. The Mitsubishi Chemical Group, provides products and services based on Chemistry that contributes to the sustainable development for people, society and the Earth.
NHU – Feed New Partnership
Partnership agreement for the promotion of animal nutrition products
BUSINESS UNIT CHANGES
AFCO’s entrance to plant protection products and green farming with ASCENZA’s new brand Blexia, under which bio-protection products have been launched.
BUSINESS UNIT CHANGES
Export of AFCO Ferti products to Albania and Cyprus
ORGANIK KIMYA – Expansion of Cooperation in Chemicals
Expansion of our cooperation with Organik Kimya since 2021, promoting a broader portfolio including emulsions, re-dispersible powders, and thickeners for the coating and construction industry.
