Pitsos

PITSOS S.A
Company type	Subsidiary
Industry	Manufacturing
Founded	1865
Founder	Pitsos family
Defunct	Greek production ended in 2021, trading activity continues
Headquarters	Kifissia, Athens, Greece
Area served	Greece, Europe, Middle East
Products	White goods
Revenue	€408.47 million (2014)
Net income	€32.95 million (2014)
Number of employees	1,400 (2014)
Parent	BSH Hausgeräte
Website	Official website

1968 Pitsos 50 cc 3-wheel truck

Pitsos A.E. (Πίτσος) was founded in Athens in 1865 and began as a company manufacturing small household appliances and oil heaters. In 1959 it began production of fridges in a new factory; it soon invested heavily on the development and production of a wide range of modern home appliances, including TV sets. Other metal structures, including 3-wheel pickup trucks were also produced.^[1] In 1976 it was bought by Bosch-Siemens Hausgeräte GmbH. In 1996 was rebranded to "BSH A.B.E. Ikiakon Syskeyon". Many people at that time thought that Bosch Siemens and Pitsos were called BSP, wrongly.Gaggenau and Neff joined the group in 1998 and 2002 respectively. The company was rebranded to "BSH Home Appliances" ("BSH Ikiakes Syskeves A.B.E"). It then boasted a leading position in the Greek household appliances market with a market share of approximately 40%. Its revenue reached €308 Million in 2005.^[2] Approximately one third of the total revenue came from exports mainly to Europe and the Middle East.

Production facilities were located in Rentis, near Piraeus, and the company employed 1200 personnel in 2007.^[3] By that time it remained the leading white goods manufacturer (such as refrigerators, fridges and ovens and, decreasingly, washing systems) in Greece producing 400,000 units per year, 30% of which for export.^[3] The company manufactured products that incorporated substantial innovations such as the "No Frost" and "Super Frost" technologies on refrigeration systems and "pyrolysis" system on cooking systems.

In 2020 the company announced the shutdown of its factory in Greece and its relocation in Turkey.^[4] The factory was permanently closed on March 31, 2021, and the company only retains trading activity, however, the Pitsos brand name is still used, on products manufactured outside Greece.

Parts of Pitsos infrastructure, as well as technology and former personnel, were transferred to Pyramis, a Greek appliances company, which started production of electric appliances in a new factory in December 2022.^[5]

References

^ L.S. Skartsis, "Greek Vehicle & Machine Manufacturers 1800 to present: A Pictorial History", Marathon (2012) ISBN 978-960-93-4452-4 (eBook)
^ "Statbank". Archived from the original on 2007-09-27. Retrieved 2007-04-14.
^ ^a ^b Καλώς ήλθατε στην Ελλάδα (in Greek). BSH Group. Archived from the original on 2006-12-09. Retrieved 2007-04-15.
^ "Major appliance firm Bosch Siemens Hausgerate-Pitsos moves production from Greece to Turkey". Daily Sabah. 2020-10-15. Retrieved 2021-08-15.
^ "Από την Pitsos στην Pyramis: Αναβίωσε η παραγωγή ηλεκτρικών εστιών κουζίνας "made in Greece"". Newmoney (in Greek). 2022-12-07. Retrieved 2022-12-09.

External links

[1] L.S. Skartsis, "Greek Vehicle & Machine Manufacturers 1800 to present: A Pictorial History", Marathon (2012) ISBN 978-960-93-4452-4 (eBook)

[2] "Statbank". Archived from the original on 2007-09-27. Retrieved 2007-04-14.

[bsh-3] Καλώς ήλθατε στην Ελλάδα (in Greek). BSH Group. Archived from the original on 2006-12-09. Retrieved 2007-04-15.

[4] "Major appliance firm Bosch Siemens Hausgerate-Pitsos moves production from Greece to Turkey". Daily Sabah. 2020-10-15. Retrieved 2021-08-15.

[5] "Από την Pitsos στην Pyramis: Αναβίωσε η παραγωγή ηλεκτρικών εστιών κουζίνας "made in Greece"". Newmoney (in Greek). 2022-12-07. Retrieved 2022-12-09.

[1]

[2]

[3]

[4]

[5]