Elviemek
Encyclopedia
Elviemek is a major Greek
producer of explosives, founded in 1960. The company has been known internationally, mainly for its grenades and mines.
In 1995 it was acquired by the Econ
group of companies, a Greek conglomerate founded in 1950 and specializing in high-tech products such as electronics, optics, sensors and defence equipment. By 1999 the company was in financial ruin following the collapse of the Econ group, and was acquired by Ellinobalkaniki. By 2005 it had diversified into real estate management, technically retaining its explosives division (although production had stopped), but a number of loss-making ventures lead to new economic troubles for the company.
Greece
Greece , officially the Hellenic Republic , and historically Hellas or the Republic of Greece in English, is a country in southeastern Europe....
producer of explosives, founded in 1960. The company has been known internationally, mainly for its grenades and mines.
In 1995 it was acquired by the Econ
Econ group (Greece)
ECON was a Greek conglomerate, named after its founder Christos Economides. It was founded in 1950 as an engineering company but it progressively diversified in other areas including defence equipment, focusing during the 1980s on electronics and electro-optical system development and production...
group of companies, a Greek conglomerate founded in 1950 and specializing in high-tech products such as electronics, optics, sensors and defence equipment. By 1999 the company was in financial ruin following the collapse of the Econ group, and was acquired by Ellinobalkaniki. By 2005 it had diversified into real estate management, technically retaining its explosives division (although production had stopped), but a number of loss-making ventures lead to new economic troubles for the company.