Stavros Lalizas, president and founder of Greek marine equipment distributor and manufacturer, Lalizas, has been presented with an honorary award by the Piraeus Commercial Association of Greece, following its annual general assembly.

During the assembly the board of directors of the PCA discussed in detail the challenges and developments of a marketplace overburdened with debt and lack of liquidity. At the end of the discussion representatives of the business world were honored for their contribution to the Greek market. In honoring Stavros Lalizas the PCA recognised the "dynamic and successful business presence of Lalizas".

In his acceptance speech the Lalizas president stated that despite the adverse trading conditions he had successfully risen to the challenges of the market by investing in technology, human resources, strategic investments, back office systems, operations, logistics and production.

"When I started sewing the first life jackets with my mother in 1982 at my childhood house, I had made the decision that this is what I wanted to do. The landmark year was 2000 when our building was completely burned down. It was then when I began to rebuild the company and managed to reach record sales. Three years later, in 2013, Lalizas acquired four foreign companies and expanded its range of products. Today Lalizas has five factories in Italy, Bulgaria, China and Greece, trading in 129 countries worldwide and more than 120 account managers with a total workforce of more than 500 people."