Business Activity Sectors
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MYTILINEOS Group is one of Greece’s leading industrial groups, with a dynamic presence in a number of different, yet crucial to the
country's development, production sectors.
With efficient strategic planning, the Group has worked out a flexible deployment of its resources in the sectors of:
• Metallurgy & Mining, in which it promotes the global competitiveness of the products of Greek metallurgy;
• Turn-key Construction Projects, in which it ranks as one of the world's top EPC contractors in the energy sector
• Energy, where – through pioneering investments – it has been established as Greece’s largest private electricity producer-supplier
and the very first private alternative natural gas supplier.
EPC PROJECTS Sector
Established in 1962 in N. Ionia, Volos, METKA is
today a leading international EPC (Engineering-
Procurement-Construction) contractor in the
energy sector, undertaking the implementation
of large-scale turn-key power plant projects, from
design and procurement through to construction
and commissioning.
The company’s turn-key capability extends
across the full range of thermal power generation
technologies (including combined cycle, co-
generation and simple cycle technologies), as
well as hydro and solar power generation. METKA
is currently today strongly focused on serving
the energy needs of international markets, with
projects currently under way in Europe, Middle
East and Africa.
METKA also has a strong industrial manufacturing
base, with several decades of experience in
complex, high value-added manufacturing of
equipment and components, enabling it to serve
numerous global customers and to rank as one of
the leading Greek exporting companies.
In addition, the company’s 7th Class Contractor’s
Certificate has also opened up new possibilities
for its participation in a wide range of public
construction projects in the domestic market.
METKA has been listed on the ATHEX since
1973 and its share is a constituent of the FTSE/
ATHEX Large Cap Index, which tracks the top 25
companies ranked by market capitalisation.
METALLURGY & MINING Sector
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 15% of Europe’s total alumina
production, and an annual capacity that exceeds 182,000 tons of aluminium and
820,000 tons of alumina.
The company is today the largest vertically integrated alumina and aluminium
producer in Europe. Its plant in Ag.Nikolaos, Viotia, employs 1,461 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 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 with 82 direct and 135 indirect employees
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.
Protergia’s approach, concerning the retail electricity market, is based
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.
ENERGY Sector
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 liberalisation 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&M Gas, the Group today has in place a wide range of activities in the
energy sector, ranging from the construction of power plants to the supply of natural gas and the injection of the electricity
produced into the Transmission Network. In 2015, the Group’s portfolio of energy assets reached 1,200 MW from thermal
plants and more than 67 MW from energy assets in the sector of Renewable Energy Sources (RES) while it also keeps up
with the implementation of its investment plan in new RES projects.
Annual Financial Repor t 2015
M&M GAS was established by the MYTILINEOS
and MOTOR OIL Groups 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 liberalisation 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 Greece’s large industrial consumers of natural
gas. In 2015, pursuing its commercial policy for
further penetration in the Greek natural gas market,
M&M sold the first quantities of natural gas to
consumers who are active within the boundaries
of the Gas Supply Companies and opted to
become eligible customers in accordance with
Law 3428/2005 on the “Liberalisation of the
Natural Gas Market”.
