The story
In 1919, Stamoulis Stratos and Christophoros Catsambas founded the Patras Trade-Industrial Company ("Patraiki"), producing stockings. In 1924 the firm purchased its first petroleum-powered machine, replacing the steam-powered machines it used to that time. During the same year, the company went public (being the first public company in Patras), raising capital in order to found a cotton-processing plant. Over the next few years, the company expanded by purchasing machinery from abroad.
From Wikipedia’s article on Peiraiki-Patraiki, shared under CC BY-SA 4.0.3