Greek industrialist Constantinos Angelopoulos passed away in Athens on Monday, aged 76.
He had suffered in the last few years of his life as a rare form of arthritis which he had been diagnosed with from a young age had gradually impaired his mobility.
Angelopoulos was a son of Halyvourgiki founder Panagiotis Angelopoulos, which was Greece’s first steel foundry and works.
After completing ASOEE, the current Athens University of Economics and Business, he continued his studies in Switzerland before getting involved with the family business.
He also ventured into the shipping industry, and was the managing director of Arcadia Shipmanagement Co Ltd, which he ran with his sons Panagiotis and Giorgos.
READ MORE: Greek businesses in lockdown feel the strain
The company was closely associated with the course of the country’s economy and the construction of major infrastructural works in the 1950s.
The industrialist had been at the helm of the company for years and had seen it navigate tough economic problems during the economic crisis of the late 1980s and early 1990s. The company managed to survive by implementing a modernisation program, and adding new products and technologies to the company.
A drastic drop in demand for steel in Greece in February 2014 saw the company halt steel production and suspend 200 of its 263 workers. The company permanently ceased production but continues to operate.
