Industry - Manufacturing

Industry is called the construction of a good or service within an economy. Although the industry is a broad term for any kind of economic production, in economics and urban planning the industry synonymous with secondary production, which is the type of the economic activity engaged in the manufacture of goods and products.

There are four main industrial economic sectors. Τhe primary sector which mainly concerns on the export industry of raw materials, such as mining and agriculture, the secondary sector concerning the refining, manufacturing and production, the tertiary sector involved with services (such as legal or medicine) and the distribution of goods and finally, the quaternary sector that concerns a new type of cognitive industry focused on technology research, design and development, such as planning or biochemistry.

These sectors are reshaped as producers of goods into the following groups:

  • Energy production
  • Production of intermediate goods
  • Production of capital goods
  • Production of durable / non-durable consumer products

The quantitative and qualitative balance and performance of industrial sector of production is achieved by using the following indicators:

  • Industrial Production Index
  • Producer Price Index
  • Turnover Index
  • New Orders Index
  • Import Price Index

The greek industrial and craft production, was crucial and profitable industry for domestic economic activity, during almost the entire 20th century. The highly prosperous period started in the 20s and touched the early 80s. The basis of the sector was the cotton processing, the fertilizer production as well as construction materials.

The global displacement of labor division east (Eastern Europe and Southeast Asia) in conjunction with the ejection in communication technologies, reduced actively the performance of domestic industry. Seen in this light and taking into account the economic crisis that evolves yet, the ten largest industries in Greece under the year 2014 net profits, are the following:

  1. TITAN CEMENT SA
  2. METKA METAL CONSTRUCTION OF GREECE
  3. KARELIA TOBACCO SA
  4. COLGATE PALMOLIVE HELLAS DETERGENTS AVEE
  5. SELONDA AQUACULTURES AEGE
  6. INFORM P. LYKOS PRINT DATA SA
  7. BIC SA VIOLEX SHAVING MACHINES
  8. ELVAL GREEK ALUMINIUM INDUSTRY SA
  9. MAILLIS M. I. INDUSTRIAL PACKAGING SA
  10. SARANTIS C. COSMETIC – HOUSEHOLD PRODUCTS SA

Craft industry is a version of industrialization, by the difference in human resource use. Industry requires use of huge stocks of raw materials with the simultaneous use of mechanical equipment. The human factor is restricted both in quantity and of quality in a purely executive role. Instead craft industry consumes semi-finished products (namely already processed and burdened with added costs of materials). The mechanical equipment is distinctly simplified and serves specific points of the production line. Τhe human resources, finally, are consumed to a greater extent, as lacking of automation and high technology.

However, the same reasons that moved the industrial manufacture to the east, narrowed with tremendous speed the craft industry. The high fixed cost from wages and salaries, was the main reason for this development. Essentially, since the mid-90s and then, the domestic craft are from non-existent to anemic.