With boldness and efficient strategic planning, MYTILINEOS Group
has worked out a flexible deployment of its resources across its key
business activity sectors - EPC Projects, Metallurgy and Mining, and
Energy. The Group promotes the global establishment of the products
of Greek metallurgy, is ranked in the Top of the world’s largest EPC
contractors for energy projects and – through pioneering energy
investments – has been firmly established as Greece’s largest private
electricity producer and the very first private alternative natural gas
supplier.
EPC PROJECTS
Established in 1962, METKA is today Greece’s top EPC (Engineering-
Procurement-Construction) contractor, undertaking implementation of
turn-key projects fromdesign and procurement through to construction
and commissioning. The Company specializes in the construction of
power plants (combined cycle, conventional thermal and hydropower)
and is present in developing markets abroad, with projects currently
under way in Europe, Turkey, the Middle East and North Africa. METKA
M&M Gas was established by
MYTILINEOS Group and MOTOR
OIL Group in 2010, and is active in
the supply and trading of natural
gas (liquefied or non-liquefied).
The Company seeks to meet the
needs of the two Groups in natural
gas under competitive terms and to
market natural gas to third parties.
Its establishment has paved the way
for the deregulation of the domestic
market for natural gas, as M&M GAS
was the very first company in Greece
to import a private liquefied natural
gas cargo (LNG). In 2014, M&M
GAS concluded the first agreement
under which an industrial consumer
was supplied with natural gas
by an independent supplier. The
Company delivered a quantity of
liquefied natural gas to ELVAL S.A., a
Viochalko Group company and one
of the largest industrial consumers of
natural gas in Greece.
also to its international business activity, is a driving force for the
growth of the Greek economy as well as for the development of
the Greek periphery.
DELPHI - DISTOMON
DELPHI - DISTOMON is the second largest bauxite producer
in Greece and in Europe, with an annual production of 650,000
tons. The Company’s sites, which supply bauxite to ALUMINIUM
OF GREECE S.A., are located in the Amfissa region and employ
some 100 people.
ENERGY
In the last ten years, MYTILINEOS Group has been established
as the most important independent energy producer in Greece,
carrying out
€
1 billion of investments and leading developments in
the deregulation of the energy market, which opens up significant
opportunities for the Greek economy and for Greek businesses.
By leveraging the synergies with METKA and M&MGas, the Group
today has in place a broad range of activities in the energy sector,
from the construction of power plants to the supply of natural gas
and the injection of the electricity produced into the Transmission
Network. In 2014, the Group’s portfolio of energy assets reached
1,200 MW from thermal plants and more than 54 MW from
energy assets in the sector of Renewable Energy Sources (RES).
In parallel, the Group is proceeding with the construction of an
additional 130 MW of energy assets representing an investment
of
€
€200 million.
Protergia is the flagship company of MYTILINEOS Group in the
electricity production and supply sector, bringing under the same
roof the management of all energy assets and activities of the
Group. In 2014, Protergia entered the retail electricity market,
basing its approach on its competitive charges, clear pricing
mechanisms and customer rewards. Having invested in state-
of-the-art power plants and having in place a portfolio of energy
assets which exceeds 10% of the country’s needs in electricity,
the objectives of the Company are to build and maintain a
dynamic and diversified portfolio of energy assets, to develop
business activities in the wholesale and retail electricity markets,
to participate in the market for CO
2
emissions trading, and to
expand to the energy markets of neighbouring countries.
competes on a par with global EPC giants, having been established as
one of the strongest players in the market for EPC projects in Europe
and beyond, and as one of the leading Greek exporting companies.
It has been listed on the ATHEX since 1973 and its share is today a
constituent of the FTSE/ATHEX Large Cap Index tracking the top 25
companies ranked by market capitalisation.
METKA has a strong industrial production base, which allows it to
manufacture custom mechanical parts and to have a strong presence
as specialist contractor for Infrastructure and Defence projects. The
Company’s 7th Class Contractor’s Certificate has opened up new
possibilities for its participation in a wide range of public construction
projects in the domestic market.
Business Activity Sectors
Annual Repor t 2014
09
08
15% of Europe’s total alumina production,
and an annual capacity that exceeds
177,000 tons of aluminium and 810,000
tons of alumina.
The Company is today the largest vertically
integrated alumina and aluminium producer
in Europe. Its plant in Ag.Nikolaos, Viotia,
employs more than 1,500 people directly
and indirectly, and applies production and
commercial processes on a par with those
of the world’s top metallurgical industries.
Through a long-term investment plan,
MYTILINEOS Group fortifies the traditionally
strong Greek metallurgical industry and
secures the current and future operations
of ALUMINIUM OF GREECE which, thanks
METALLURGY AND MINING
After a major move in 2005, when it acquired
“Aluminium of Greece”, MYTILINEOS Group
gave top priority to the efforts to develop
and enhance the competitiveness of its
metallurgical branch, and has since evolved
into one of the sector’s strongest players in
Europe. ALUMINIUM OF GREECE, together
with DELPHI-DISTOMON, are today a
driving force for the growth of the Greek
economy as well as for the development of
the Greek periphery.
Since 1960, ALUMINIUM OF GREECE has
consistently been a pillar of the Greek heavy
industry, with a production that accounts for
