The factory's activity wasn't limited to olive pressing but also encompassed the storage, safeguarding, and distribution of the produced oil, which each producer stored at the designated gate, having absolute trust in the operation. Honesty and a constant willingness to provide economic assistance, whether in money or in kind, especially during wartime periods, gave this enterprise a distinctly humanitarian character.
In 1964, a fire broke out, destroying the entire drying section of the factory and the adjacent warehouses, while in 1966, a second fire erupted. By 1979, it was already employing few workers, eventually closing down in the 1980s. Subsequently, various proposals and discussions took place in the Municipal Council of the Municipality of Paxos for its utilization by the Municipality in order to enhance the economic, social, and cultural life of the island, support the local community, and improve the quality of life. For example, it was proposed to be used to meet the needs of the cultural and educational associations of the island, to house outdoor and indoor markets or public services, to accommodate cinema halls, lectures, conferences, exhibitions, performances, tourist businesses, or an Olive Museum. Many young scientists have dealt with the history and modern utilization of the factory in their undergraduate or diploma theses (indicatively mentioning the designs of students from the architectural school of the University of Innsbruck supervised by Professor Robert Veneri). Ultimately, in 1985 it was purchased by private individuals, resold in 2006, and remains unused until today.
"Lychnos Euterpe," ed. Echo of Paxos, issue no. 529/December 2021