Francoudi & Stephanou through the Years
2015
The Maritime Center is fully occupied business center by well-known multinational companies such as Amdocs, U-TX, TUI and local companies PrimeTel, F&S Insurance and Logica.
2010
Francoudi & Stephanou becomes one of the main shareholder of the Limassol Marina Ltd, a company in charge of design, construction and management of Limassol Marina, the first superyacht marina on the island, one of the most attractive and unique projects across Europe.
2006
Expansion in the Telecommunications and Mobile sector through participation in PrimeTel PLC.
2000
The Group expands into financial services, offering a variety of flexible products and services, based on innovative security technology.
1996
Strategic partnership developed between Aeolos and Touristic Union International (TUI).
1994
The Group expands into the Development sector through Logica Developments Ltd; the company in charge of the construction and management of The Maritime Center Business Center, located next to the new Limassol port.
1994
Further expansion towards the travel, tourism and hotel industry, by purchasing all Aeolos shares.
1990
Expansion in the duty-free market through a strategic partnership with Seamarket Ltd – The Freeshops
1986
The Company is appointed as handling agents for all East Med Transhipments for ScanDutch, making the Limassol port the base of transhipments for ScanDutch operations in the Far East and Eastern Mediterranean region..
1983
Revival of the Company’s involvement in the hotel and hospitality industry through the construction of Capo Bay Hotel at Fig Tree Bay, in Protaras.
1980
Creation of privately owned licensed plant for local alcoholic beverage bottling.
1975
Establishment of Kirzis-Stephanou Container Terminal and Bonded Warehousing, in partnership with G. Kirzis & Co. Ltd.
1974-1980
Formation of partnerships resulting in activity expansion of: haulage, port daily transportation operations, container repairing/refurbishing, management and accounting services, computer software and hardware, automated office equipment and related services.
1974
The Company is displaced as a result of the Turkish invasion of Cyprus. It resumes operations in Larnaca initially, only to later relocate to Limassol.
1970
The Company is the first to bring the necessary equipment for the handling and transportation of containers while training its personnel to operate the first ever container terminal at Famagusta port.
1968
Diversification in the sightseeing operations sector, transfer of passengers and self-drive cars with the ownership of SETRA coaches.
1963
Diversification towards the hotel business. Leasing of the Savoy Hotel for Vingresor while the Esperia Tower Hotel and Salaminia Tower Hotel are built and managed by F&S in Famagusta.
1960
Diversification to travel and tourism. The Company buys 75% in Federate Agencies Ltd, trading as Aeolos Cyprus Travel Bureau, while also expanding its insurance business through the representation of Sun by Aeolos.
1956-1958
Extension of Famagusta port. Trade begins to develop rapidly in Cyprus and shipping operations grow with an increase in imports, and exports as citrus becomes a main local commodity.
1951
The Company expands shipping operations through partnerships with companies in the same field, including Scandinavian Near East Agency (Cyprus) Ltd.
1930
Diversification to imports. F&S begins importing White Horse whisky.
1910
F&S enters the Insurance industry, as agents and brokers.
1904
Inauguration of Famagusta port by the ‘Cyprian Prince’ under Frangoudi & Stephanou Agency. The shipping business evolves into port operations.
1895
First established in Famagusta. The Company’s main business is Shipping, clearing and forwarding and insurance.