Mermeren Kombinat A.D. GDR
AATHEX:MERKO27.00
EUR
-0.80
(-2.88%)
ISIN
GRK014011008
Return %
Stock
S&P 500
1Y
-26.23
14.20
3Y
-25.82
81.12
5Y
-43.28
68.34
Capital Structure
EUR
•
in mil. unless spec.Working Capital
EUR
•
in mil. unless spec.Growth Rates
EUR
•
in mil. unless spec.Quarterly Revenue
EUR
•
in mil. unless spec.Quarterly Earnings Per Share
EUR
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in mil. unless spec.Quarterly Dividends Per Share
EUR
•
in mil. unless spec.Company Description
- CEO
- Vasileios Anagnostou
- Full Time Employees
- 275
- Sector
- Non-energy minerals
- Industry
- Construction materials
- Address
- Prilep Macedonia
- IPO Date
- Feb 29, 2012
- Website
- mermeren.com
- Similar Companies
- Business
- Mermeren Kombinat A.D. Prilep is a North Macedonia-based natural stone extraction and processing company specializing in the quarrying, fabrication, and international distribution of high-grade white marble. Founded in 1953 and headquartered in Prilep, North Macedonia, the company owns and operates the Sivec quarry, one of the world's premier deposits of fine-grained, homogeneous white calcitic marble marketed globally under the Bianco Sivec brand name. The company's core operations encompass raw block extraction, primary stone cutting, surface finishing, and commercial stone distribution. The company offers a comprehensive range of natural stone products and processing services, including raw marble blocks comprising commercial-grade blocks, gangsaw-sized blocks, and monumental quarry blocks; semi-finished and finished marble slabs treated in polished, honed, brushed, bush-hammered, and antique surface finishes; cut-to-size marble tiles and dimensional stone for interior flooring, exterior facades, wall cladding, staircases, and countertops; custom-fabricated architectural components, moldings, and bespoke decorative elements for luxury residential, commercial, and hospitality projects; and processed marble aggregates, crushed stone, and micronized marble powders utilized in industrial fillers, construction materials, and agricultural applications. Mermeren Kombinat serves stone wholesalers, fabricators, construction contractors, and architectural firms across international markets, maintaining major distribution channels across Europe, North America, the Middle East, and East Asia. The company's Global Depositary Receipts (GDRs) are listed on the Athens Stock Exchange under the ticker MERKO, while its ordinary shares trade on the Macedonian Stock Exchange. In recent corporate and strategic developments, Mermeren Kombinat became a subsidiary of Greece-based Pavlidis S.A. Marble-Granite following the acquisition of the controlling equity interest held by Stone Works Holdings Coöperatief U.A. This transaction integrated Mermeren Kombinat into Pavlidis Group's worldwide production and distribution network, expanding international commercial reach and supply chain capabilities. In addition, the company has undertaken substantial operational upgrades at its Prilep quarry and processing facilities, investing in advanced underground extraction infrastructure, high-precision automated cutting machinery, diamond wire saws, and sustainable quarry waste recycling initiatives to increase annual production capacity, enhance extraction efficiency, and meet growing international demand for Bianco Sivec marble.