Prominent Greek industrialist and shipowner Constantinos Angelopoulos passed away in Athens on Monday. He was 77 years old at the time of his death.
He was suffering from chronic health problems, caused from a rare form of arthritis which made it difficult for him to move. He died after a long period receiving treatment at an Athens hospital.
Angelopoulos was for years at the helm of Halyvourgiki, one of the main steel producers in Greece. Halyvourgiki faced serious economic problems during the economic crisis of the late 1980s and early 1990s in Greece, but managed to survive following a modernization program, which involved adding new products and technologies to the company.
In February 2014, following a drastic drop in the demand for steel in Greece, and high energy costs, the company halted steel production, and suspended 200 of its remaining 263 workers. In 2015, the company permanently ceased production, but continued to operate for the sake of its employees.
Angelopoulos was also the Managing Director of Arcadia Shipmanagement Co. Ltd., which he run with his sons, Panagiotis Angelopoulos and Giorgos Angelopoulos.
The company was named the Greek oil tanker company of the year in 2007. It completed an expansion to its fleet of oil tankers in 2012. In 2012, the company was also certified for its responsible energy consumption. In 2015, the company added two Suezmax tankers to its fleet.
Angelopoulos was one of the main shareholders and financial supporters in the privatization and growth of Piraeus Bank, in which he held the position of vice president for years.