Private, LLC | |
Industry | Food |
Founded | 1927 |
Headquarters | Limassol, Cyprus |
Area served
|
Cyprus |
Key people
|
Kostas Koutsou CEO |
Products | Beverages |
Revenue | €62,969,439 (2004) |
Number of employees
|
420 |
Subsidiaries | Etien Wines Spirits & Tobacco Ltd KEO (UK) Ltd Sun Island Canning Ltd ΚΕΟ Distilling Ltd |
Website | http://www.keogroup.com/ |
KEO plc Greek: Κυπριακή Εταιρία Οίνων, the Greek abbreviation for Cyprus Wine Company, is a European beverage company based on the island of Cyprus. It was formed in 1927 and it represents one of the largest industrial employers on the island with more than 90 brands in its portfolio. Its shares are traded on the .
KEO is public limited company was formed in 1927. It is a member of the Hellenic Mining Group whose varied interests in mining, cement production, consumer goods and banking make it the largest industrial group in Cyprus. Reflecting its name, it started off as a company producing wine in the Limassol district. In 1951 it ventured into beer production by importing expertise from Czechoslovakia. Its product range has since expanded to include dessert wines (e.g. Commandaria), bottled water, brandy, spirits (including zivania), juices and canned food. Such is KEO's presence on the island that they have become a household name both with locals and the millions of annual tourists. The company is also an active participant at the annual Limassol wine festival. KEO’s growth and its rise to the eminent position as the island's leading wine making and brewing company was attributed to the high quality and strong household brand names. The company, till today, markets a wide variety of alcoholic and non-alcoholic products locally and in over thirty countries worldwide. Following Cyprus’ accession to the European Union in 2004, KEO expanded its operations on continental Europe. Its shares are listed on the .
KEO operates six trading divisions that include:
Its portfolio comprises both local and international brands.
KEO operates four different wineries across four different vineyards - situated at an altitude of approximately 1,000 meters above sea level.
Its wineries are among the first to be built on the island. All four wineries are in close proximity to the vineyards where research is carried out in an effort to increase and safeguard the varieties of grapes, selecting those that will yield the best quality of wine when grown under the local climate. KEO has historically experimented with varieties and cultivation methods whilst it has invested a great deal of resources into rediscovering Cyprus indigenous grape varieties of Mavro and Xynisteri, many of which date back to the classical times, a period when the Cypriot wine reflected the island’s heritage.