New Corinthian raisin Contract Farming Agreement for the production and export of balsamic vinegar between Piraeus Bank and “PAPADIMITRIOU CH.K. S.A.”
Piraeus Bank, in collaboration with “Papadimitriou Ch.K. S.A.”, has initiated a new Contract Farming Program, intended for Corinthian raisin producers in the Prefectures of Zakynthos, Messinia, Ilia and Corinthia.
The funding proposal for raisin Contract Farming is essentially intended to help rationalize the organization and financially support the entire production process, from the producer to product processing and selling by the company.
“PAPADIMITRIOU CH.K. S.A.” was founded in 1939 and is today one of the largest food companies in Southern Greece. Three generations of the Papadimitriou family, combining knowledge, experience and passion, have accomplished to create a series of innovative Mediterranean products of high quality standards.
Based on the nutritional value of Mediterranean diet, “Papadimitriou” products have gained the trust of consumers in the domestic and global market.
The development of “PAPADIMITRIOU CH.K. S.A.” is based on the following criteria:
- The creation of innovative products of high quality standards, based on the nutritional value of Mediterranean diet.
- The creation of trust relationships with suppliers and clients
- The extension of activities in new sectors.
Through the Piraeus Bank Contract Farming Program, the producer is provided with the required liquidity at highly competitive terms, exactly when he needs such liquidity, while payment of the production agreed to be delivered to the company is guaranteed.
The Program covers the entire crops production and supply chain by supporting, in an organized manner, the mutually beneficial collaboration between producers and the company.
This new collaboration attests to the firm will of Piraeus Bank to support and encourage any sound productive effort in the economy sector.
Athens, 31 July 2014