About Us

M.S. (Skyra) Vassas Ltd, the holding company of the Skyra Vassas group, owns and runs the largest aggregate quarry in Cyprus covering an area about 750.000 m2. The Quarry Reserves amount to about 100 million tons of high quality diabase rock. The Plant installed is one of the largest in capacity in the European Union (1,300 tons per hour). Our products comprise of 15 different single and all-in aggregates.

Our VISION

OUR VISION

Our Vision is to upgrade living standards through building materials excellence.

Our Mission

OUR MISSION

Our Mission is to become the leading supplier of building materials in the Eastern Mediterranean region – creating value for all our stakeholders.

Our Goal

OUR GOALS

Our Goals are to:
Continually exceed our customers’ quality and quantity expectations.
Secure the strongest competitive position in the Eastern Mediterranean region.
Be recognized as a preferred employer.
Demonstrate our commitment to sustainable development.
Be acknowledged as a valued and trusted partner in our community.

Our particular Strategies in achieving our goals comprise:
Focus on our core business which is the aggregates.
Integration into other related building materials such as cement.
Geographic diversification through exports to Eastern Mediterranean countries.

History

HISTORY OF THE GROUP

Makis Savvides, the founder and chairman of the group commenced operations in 1967 as a contractor on Infrastructure projects and soon after expanded operations to cover construction and quarry works.

In 1991 the holding company M.S. (SKYRA) VASSAS LTD was formed and acquired the largest aggregate quarry on the island. Currently the quarry is extended over an area of 750.000 sq.mtrs. The group is privately owned and belongs to the family of Makis Savvides.

In the last few years the group has established itself as the leading provider of construction materials in Cyprus and has engaged into exports of aggregates (railway ballast) to neighboring countries.

Added value generated as a result of a very successful Vertical Integration with a number of subsidiaries been created in the process to be supportive of the Group’s Core activity.

Group Risk profile, been very moderate throughout its long history, has been further eliminated geographically recently, be constructing and operating of our own port terminal gaining access to the neighboring countries for the export of our products.

Core activities include:

Extraction, crushing and distribution of high quality diabase and micro gabbro Aggregates suitable for the manufacture of ready mix and asphalt concrete; marine works such as construction of ports, marinas, sea gas pipe lines and power lines; railway ballast bedding.
The group takes pride in owning the largest quarry on the island with proven reserves in excess of 90m.tons, and is also the owner of the largest centrally controlled crushing plants (1,300 tons per hour) within the European region.
Other group activities comprise :

Ready Mix Concrete production

Civil Contracting

Aggregate packing

Transportation of aggregates

Asphalt production

Recycling of demolition waste

Asphalt paving

Recycling of Tires via Thermolysis

Port Terminal Operations

TIMELINE OF SKYRA VASSAS GROUP

1967	COMMENCEMENT OF OPERATIONS BY FOUNDER MAKIS SAVVIDES – ROAD WORKS
1687	SETUP MAKIS SAVVIDES CONSTRUCTION LIMASSOL LTD – TECHNICAL WORKS
1991	SETUP M.S. (SKYRA) VASSAS LTD – QUARRY WORKS
2001	SETUP READY MIX CONCRETE – SKYRAMIX LTD
2007	AGGREGATE PACKING OPERATION – SKYRAMIX LTD
2007	TRANSPORTATION COMPANY – M.S. (TRANSPORT) VASSAS LTD
2011	NEW AGGREGATE CRUSHING PLANT- PRODUCTION CAPACITY 1300 T. HR.
2012	SETUP OF ASPHALT PLANT – AKTOR ASPHALTIC LTD
2012	RECYCLING UNIT – CONSTRUCTION & DEMOLITION WASTE
2016	ASPHALT PAVING CONSTRUCTION COMPANY – MS2Y PAVING LTD
2016	CONSTRUCTION & MANAGEMENT OF PRIVATELY OWN JETTY PLANT– M.A. SKYRA VASSAS TERMINAL LTD