After 1974 the number of containers in transit through the port of Limassol had shown a rapid increase. The need of offering services to the containers in transit led to the establishment of TEU Conservices Ltd.

TEU Conservices was formed on February 8, 1978. Since April 7, 1998 the company was 100% acquired by Caramondani Bros Ltd.

TEU Conservices, operated out of a 500 sq. meters covered workshop, was established initially to offer services to marine freight containers such as inspection, cleaning, repairing and refurbishing, as well as storage facilities for all types of marine freight containers in the Middle East area.

In 1979 TEU Conservices acquired a new factory for the purpose of containers' repair and refurbishing.

The factory is located 7 km. from the main port of Limassol in Cyprus and its

facilities include a covered workshop area of 3.600 sq. meters and a storage area of 28.000 sq. meters.

TEU Conservices is the first dedicated company in Cyprus for offering inspection and maintenance to marine containers, complying with all relevant national and international statutory and regulatory requirements.