141-163

• Trachanas, Constantinos, D.

This paper refers to the founding, operation, organisation and development of a traditional manufacturing establishment of Piraeus. In 1920, a group of scientists decided to found a company that would operate as a productive unit. The company grew rapidly, despite the unfavourable circumstances and the world economic crisis of 1929-1932, under the efficient organisational leadership of Aristotelis Makris, its Director General. The further development of the company, the successful confrontation of the tough competitive conditions prevailing in that period and its evolution into an industrial company with a bright future are greatly owed to its financing by Xios Bank of Paspatis Bros and to its transformation into a joint-stock company (S.A.)

• Economics and Business

• Οικονομική ιστορία

I wish to dedicate this article to the memory of Ioannis Karageorgos, Chairman of the Board of Elais S.A., who approved this research and its sponsoring by the company. I also wish to thank the senior management of Elais for their cooperation and Dr. Andromache Oikonomou, philologist and ethnologist, for her constructive comments