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<span id="openzim-page-title" class="mw-page-title-main"><span class="mw-page-title-main">Pyramis</span></span>
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</style><table class="infobox ib-company vcard"><caption class="infobox-title fn org" style="font-size: 125%;">Pyramis Group</caption><tbody><tr><td colspan="2" class="infobox-image ib-company-logo logo"></td></tr><tr><th scope="row" class="infobox-label">Company type</th><td class="infobox-data category">Public (<a href="S.A._(corporation)" title="S.A. (corporation)">S.A.</a>)</td></tr><tr><th scope="row" class="infobox-label">Industry</th><td class="infobox-data category">Kitchen Fixtures<br> Kitchen Appliances</td></tr><tr><th scope="row" class="infobox-label">Founded</th><td class="infobox-data">1960</td></tr><tr><th scope="row" class="infobox-label">Founder</th><td class="infobox-data agent">Alexandros Bakatselos<sup id="cite_ref-1" class="reference"><a href="#cite_note-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup></td></tr><tr><th scope="row" class="infobox-label">Headquarters</th><td class="infobox-data adr"><div class="ib-company-locality locality"><a href="Thessaloniki" title="Thessaloniki">Thessaloniki</a></div>, <div class="ib-company-country country-name"><a href="Greece" title="Greece">Greece</a></div></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Key people</div></th><td class="infobox-data agent">Nikolaos Bakatselos <b>(<a href="President_(corporate_title)" title="President (corporate title)">President</a> &amp; <a href="CEO" class="mw-redirect" title="CEO">CEO</a>)</b><sup id="cite_ref-2" class="reference"><a href="#cite_note-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup></td></tr><tr><th scope="row" class="infobox-label">Products</th><td class="infobox-data">Stainless Steel Sinks<br>Composite Sinks<br><a href="Faucets" class="mw-redirect" title="Faucets">Faucets</a><br><a href="Kitchen_Appliances" class="mw-redirect" title="Kitchen Appliances">Kitchen Appliances</a></td></tr><tr><th scope="row" class="infobox-label">Revenue</th><td class="infobox-data"><span typeof="mw:File"><span title="Increase"></span></span>€65.035 million (2016)<sup id="cite_ref-:0_3-0" class="reference"><a href="#cite_note-:0-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;"><a href="Earnings_before_interest_and_taxes" title="Earnings before interest and taxes">Operating income</a></div></th><td class="infobox-data"><span typeof="mw:File"><span title="Increase"></span></span>€13.811 million (2016)<sup id="cite_ref-:0_3-1" class="reference"><a href="#cite_note-:0-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;"><a href="Net_income" title="Net income">Net income</a></div></th><td class="infobox-data"><span typeof="mw:File"><span title="Increase"></span></span>€229.551 thousand (2016)<sup id="cite_ref-4" class="reference"><a href="#cite_note-4"><span class="cite-bracket">[</span>4<span class="cite-bracket">]</span></a></sup></td></tr><tr><th scope="row" class="infobox-label"><span class="nowrap"><a href="Asset" title="Asset">Total assets</a></span></th><td class="infobox-data"><span typeof="mw:File"><span title="Increase"></span></span>€66.085 million (2016)<sup id="cite_ref-:0_3-2" class="reference"><a href="#cite_note-:0-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup></td></tr><tr><th scope="row" class="infobox-label"><span class="nowrap"><a href="Equity_(finance)" title="Equity (finance)">Total equity</a></span></th><td class="infobox-data"><span typeof="mw:File"><span title="Increase"></span></span>€50.863 million (2016)<sup id="cite_ref-:0_3-3" class="reference"><a href="#cite_note-:0-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Number of employees</div></th><td class="infobox-data">420 (2016)<sup id="cite_ref-:0_3-4" class="reference"><a href="#cite_note-:0-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup></td></tr><tr><th scope="row" class="infobox-label"><a href="Subsidiary" title="Subsidiary">Subsidiaries</a></th><td class="infobox-data">Pyramis Polska<br> Pyramis Deutschland<br> Pyramis Romania<br> Pyramis UK<br> Pyramis Italia<br> Pyramis Bulgaria<br> Pyramis Russia<br> Pyramis UAE<br> Pyramis Marketing India</td></tr><tr><th scope="row" class="infobox-label">Website</th><td class="infobox-data"><a rel="nofollow" class="external text" href="https://www.pyramisgroup.com">pyramisgroup.com</a></td></tr></tbody></table>
<p><b>Pyramis Group</b> <span class="rt-commentedText nowrap"><span class="IPA nopopups noexcerpt" lang="en-fonipa">/<span style="border-bottom:1px dotted"><span title="/ˈ/: primary stress follows">ˈ</span><span title="'p' in 'pie'">p</span><span title="/ɪr/: 'irr' in 'mirror'">ɪr</span><span title="/ɑː/: 'a' in 'father'">ɑː</span><span title="'m' in 'my'">m</span><span title="/ɪ/: 'i' in 'kit'">ɪ</span><span title="'s' in 'sigh'">s</span></span>/</span></span> is a <a href="Greece" title="Greece">Greek</a> <a href="Multinational_corporation" title="Multinational corporation">multinational</a> kitchen products <a href="Corporation" title="Corporation">corporation</a>, <a href="Headquarters" title="Headquarters">headquartered</a> in <a href="Thessaloniki" title="Thessaloniki">Thessaloniki</a>, <a href="Greece" title="Greece">Greece</a>.
</p>
<meta property="mw:PageProp/toc">
<div class="mw-heading mw-heading2"><h2 id="History">History</h2></div>
<div class="mw-heading mw-heading3"><h3 id="The_Decade_of_Establishment:_1960–1968">The Decade of Establishment: 1960–1968</h3></div>
<p>In 1960, Alexandros Bakatselos, Chairman of Pyramis, opened a small workshop specialising in metal-framed furniture. By the end of the decade, in 1968, he founded Pyramis A.E. and started to manufacture stainless steel sinks for the domestic market.
</p>
<div class="mw-heading mw-heading3"><h3 id="The_Decade_of_Property_Growth:_1969–1978">The Decade of Property Growth: 1969–1978</h3></div>
<p>The company moved to its current 286,000m² location, just outside Thessaloniki; Greece's’ second city. In 1972, a further production unit was added to develop stainless steel cookware.
</p>
<div class="mw-heading mw-heading3"><h3 id="The_Decade_of_Exports_Orientation:_1979–1988">The Decade of Exports Orientation: 1979–1988</h3></div>
<p>By now, Pyramis was already the market leader of stainless steel cookware and sinks in Greece. A strategic decision was made to export goods to the international marketplace, focusing on Europe in the main, and this derived immediate success with exponential growth.
</p>
<div class="mw-heading mw-heading3"><h3 id="The_Decade_of_International_Sales_Growth:_1989–1998">The Decade of International Sales Growth: 1989–1998</h3></div>
<p>By the 4th decade of the business, sales for Pyramis products had doubled because of the International export market. In order to facilitate the increased demand, the company installed a new production line for monoblock sinks.
</p>
<div class="mw-heading mw-heading3"><h3 id="The_Decade_of_Accomplishments:_1999–2008">The Decade of Accomplishments: 1999–2008</h3></div>
<p>The 5th decade has encompassed the decade of accomplishments. During this period the company began building the Pyramis brand as opposed to offering own label products and has since concentrated its market in the premium goods sector. From the 1999 establishment of its first subsidiary in Poland, today 70% of the company’s annual turnover is achieved from exports. Pyramis now has an efficient export sales network in more than 50 countries worldwide, and eight commercial subsidiaries in Europe and the Middle East.
</p>
<div class="mw-heading mw-heading3"><h3 id="Acquisition_of_parts_of_PITSOS_assets">Acquisition of parts of PITSOS assets</h3></div>
<p>Pyramis started production of electric appliances in a new factory near Athens, in December 2022, after acquiring parts of the infrastructure, as well as technology (and through hiring of former personnel) of the historic <a href="Pitsos" title="Pitsos">Pitsos</a> appliances manufacturer, following the latter's shutdown of Greek production in 2021.
</p>
<div class="mw-heading mw-heading2"><h2 id="Corporate_structure">Corporate structure</h2></div>
<p>Pyramis Group has its headquarters in Liti (in Thessaloniki, Greece).
The Department of Sales in Greece is incorporated in the mother company, Pyramis Metallourgia A.E.
Sales to other countries are either through subsidiary companies to those (or neighbouring countries), or directly from the mother company to importers/distributors/wholesalers/kitchen-manufactures in those countries.
</p>
<div class="mw-heading mw-heading2"><h2 id="Products">Products</h2></div>
<p><u>Kitchen</u>
</p>
<ul><li>Stainless steel <a href="Sink" title="Sink">sinks</a></li>
<li>Composite sinks</li>
<li>Minikitchens and Pantries</li>
<li>Faucets</li>
<li>Cookerhoods</li>
<li>Hobs (electric, vitro-ceramic, gas)</li>
<li>Fridges</li>
<li><a href="Oven" title="Oven">Ovens</a></li>
<li>Microwave ovens</li>
<li>Dish-washers</li></ul>
<p><u>Bathroom</u>
</p>
<ul><li>Bathtubs</li>
<li>Faucets</li>
<li>Hydro-massage systems</li></ul>
<div class="mw-heading mw-heading2"><h2 id="Corporate_affairs">Corporate affairs</h2></div>
<div class="mw-heading mw-heading3"><h3 id="Historical_logos">Historical logos</h3></div>
<ul class="center gallery mw-gallery-traditional">
<li class="gallerybox" style="width: 155px">
<div class="thumb" style="width: 150px; height: 150px;"><span typeof="mw:File"></span></div>
<div class="gallerytext">This logo was registered in 1989 and represented the corporate identity of Pyramis for 14 years. During this time Pyramis invested heavily, modernized its equipment and started building systematically its international network.</div>
</li>
<li class="gallerybox" style="width: 155px">
<div class="thumb" style="width: 150px; height: 150px;"><span typeof="mw:File"></span></div>
<div class="gallerytext">The logo used today became official in March 2002, and Pyramis turned into a more marketing oriented direction, building its brand name, upgrading its offering, and investing in research and development.</div>
</li>
</ul>
<div class="mw-heading mw-heading3"><h3 id="Corporate_culture">Corporate culture</h3></div>
<p>The official business language of Pyramis is English.
</p>
<div class="mw-heading mw-heading2"><h2 id="References">References</h2></div>
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<li id="cite_note-1"><span class="mw-cite-backlink"><b><a href="#cite_ref-1">^</a></b></span> <span class="reference-text"><style data-mw-deduplicate="TemplateStyles:r1238218222">
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</style><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://pyramis.gr/el-GR/curriculum-vitae/">"Αλέξανδρος Μπακατσέλος"</a>.</cite></span>
</li>
<li id="cite_note-2"><span class="mw-cite-backlink"><b><a href="#cite_ref-2">^</a></b></span> <span class="reference-text"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://pyramis.gr/el-GR/board-of-directors/">"Pyramis Group | Διοικητικό Συμβούλιο"</a>.</cite></span>
</li>
<li id="cite_note-:0-3"><span class="mw-cite-backlink">^ <a href="#cite_ref-:0_3-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-:0_3-1"><sup><i><b>b</b></i></sup></a> <a href="#cite_ref-:0_3-2"><sup><i><b>c</b></i></sup></a> <a href="#cite_ref-:0_3-3"><sup><i><b>d</b></i></sup></a> <a href="#cite_ref-:0_3-4"><sup><i><b>e</b></i></sup></a></span> <span class="reference-text"><cite class="citation web cs1 cs1-prop-foreign-lang-source"><a rel="nofollow" class="external text" href="https://web.archive.org/web/20181101015715/http://www.pyramis.gr/inst/pyramis_6/gallery/isologismoi/isologismos2016.pdf">"Ομιλος εταιρειων πυραμις μεταλλουργια α.ε. (ανωνυμη εταιρεια)"</a> [Group of Companies Pyramis Metallurgy S.A. (société anonyme)] <span class="cs1-format">(PDF)</span> (in Greek). Archived from <a rel="nofollow" class="external text" href="https://www.pyramis.gr/inst/pyramis_6/gallery/isologismoi/isologismos2016.pdf">the original</a> <span class="cs1-format">(PDF)</span> on 2018-11-01.</cite></span>
</li>
<li id="cite_note-4"><span class="mw-cite-backlink"><b><a href="#cite_ref-4">^</a></b></span> <span class="reference-text"><cite class="citation web cs1 cs1-prop-foreign-lang-source"><a rel="nofollow" class="external text" href="https://web.archive.org/web/20181101015715/http://www.pyramis.gr/inst/pyramis_6/gallery/isologismoi/isologismos2016.pdf">"Ομιλος εταιρειων πυραμις μεταλλουργια α.ε. (ανωνυμη εταιρεια)"</a> [Group of Companies Pyramis Metallurgy S.A. (société anonyme)] <span class="cs1-format">(PDF)</span> (in Greek). Archived from <a rel="nofollow" class="external text" href="https://www.pyramis.gr/inst/pyramis_6/gallery/isologismoi/isologismos2016.pdf">the original</a> <span class="cs1-format">(PDF)</span> on 2018-11-01.</cite></span>
</li>
</ol></div></div>
<div class="mw-heading mw-heading2"><h2 id="External_links">External links</h2></div>
<ul><li><a rel="nofollow" class="external text" href="https://www.pyramisgroup.com">Official Pyramis portal</a></li></ul>
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