Timeline History

Business Milestones

Establishment of MYTILINEOS, which evolved from an old family-owned metallurgy business that begun its operation in 1908.

Business Milestones

Transfer of all subsidiary activities to the parent company.

Business Milestones

MYTILINEOS is listed on the Athens Exchange.

Business Milestones

The Group strengthens its position in international metals markets through the conclusion of strategic agreements for commercial cooperation with leading copper, zinc, lead and aluminium metallurgical groups in the Balkan region.

Business Milestones

• Acquisition of a majority stake in METKA S.A., Greece’s largest metal constructions Group.

• Acquisition of the zinc processing metallurgy plant SOMETRA S.A. in Romania.

Business Milestones

Acquisition of a 30% stake in Hellenic Copper Mines Ltd., a copper processing metallurgy in Cyprus.

Business Milestones

Acquisition of a 43% stake in State-owned ELVO S.A. through privatisation, also taking over the company’s management.

Business Milestones

MYTILINEOS expands into electricity production and trading, presenting a comprehensive investment plan driven by the market liberalisation under way.

Business Milestones

Completion of the acquisition of a 53% majority stake in ALUMINIUM OF GREECE S.A., one of Europe’s largest vertically integrated alumina and aluminium producers.

Business Milestones

Acquisition of DELTA PROJECT S.A. and SPIDER ENERGY S.A. in order to strengthen the Group’s portfolio of assets in the sector of Renewable Energy Sources.

Business Milestones

• Establishment of Endesa Hellas, following the conclusion of an agreement with Spain-based Endesa Europa. The new company, with a start-up capital of €1.2 billion, is the largest independent energy producer in Greece, with a scheduled power generation capacity of over 1600 MW by 2013.

• Completion of the triple merger by absorption of ALUMINIUN OF GRECE S.A. and DELTA PROJECT S.A. with MYTILINEOS.

Business Milestones

• The Group’s Combined Heat and Power (CHP) plant enters trial operation. This 334 MW plant is the first MYTILINEOS Group thermal plant to be connected to the national grid.
• MYTILINEOS announces the conclusion of a Joint Venture Agreement with MOTOR OIL for the joint construction, operation and exploitation of a 437 MW gas-fired combined cycle plant located within the MOTOR OIL complex in Ag. Theodori (Korinthia).

Business Milestones

• MYTILINEOS Group and MOTOR OIL join forces to enter the Natural Gas market.

• The MOTOR OIL and MYTILINEOS Groups announce the establishment of a joint company for the import and trading of Natural Gas in all its forms (LNG,CNG etc.).

Business Milestones

• Liberalisation of the Natural Gas market. MYTILINEOS is the first private company to import LNG. The first LNG cargo imported by the Group is delivered to the Revythoussa terminal in May 2010.

• The Group reaches an agreement with ENEL for the acquisition of the latter’s 50.01% stake in ENDESA HELLAS. With this agreement, the Group becomes the single shareholder of ENDESA HELLAS, which is renamed to PROTERGIA, and is established as the largest independent energy producer in Greece.

• MYTILINEOS and MOTOR OIL jointly establish M&M GAS Co S.A., active in the import and trade of natural gas, signaling the effective liberalisation of the natural gas market and – by extension – the creation of conditions of healthy competition in the electricity market

• Establishment of Power Projects, a subsidiary of METKA S.A. in Turkey.

• ΜΕΤΚΑ S.A. wins the contract for construction of a 724 MW plant in Syria – the country’s largest power plant.

Business Milestones

• The 444 MW power plant of PROTERGIA S.A. in Ag. Nikolaos (Viotia) enters commercial operation. 

• ΜΕΤΚΑ wins the contract for the construction of a 1250 MW thermal power plant in Iraq.

Business Milestones

• MYTILINEOS obtains the license for commercial operation of its third power plant – a 436 MW gas fired combined cycle plant of KORINTHOS POWER S.A., a joint company owned by MYTILINEOS (65%) and MOTOR OIL (35%). The plant is located within the industrial complex of MOTOR OIL in Ag. Theodori (Korinthia).

• The Group’s subsidiaries ALUMINIUM S.A., PROTERGIA S.A. and KORINTHOS POWER S.A. sign a new three-contract for the supply of natural gas with the Public Gas Corporation S.A. (DEPA).

• Power Projects (a wholly-owned subsidiary of METKA S.A. in Turkey) wins the contract for the construction of an energy project in Algeria.

• PROTERGIA expands its portfolio of energy assets with the launch of three (3) photovoltaic stations in the regions of Arta, Viotia and Etoloakarnania, with a combined total capacity of 11.5 MW.

Business Milestones

ALUMINIUM S.A. signs a $200 million contract for the sale of 75,000 tons of aluminium in billets and slabs with Swiss-based multinational Glencore.

Business Milestones

• METKA announces the contract signing for an important infrastructure project; the construction of a high speed railway line in Greece

• METKA successfully completes 8 mobile gas turbine units, installed in 3 different sites in Algeria

• METKA signs a new contract for the addition of heavy fuel oil operational capability at the Shatt Al-Basra site in southern Iraq

• PROTERGIA announces its entrance in the retail electricity market aiming to directly provide businesses and households with electricity

Business Milestones

• Foundation of METKA EGN – a new global venture for the utility scale solar power market

• First major project for METKA in Sub-Saharan Africa, in Ghana; the installation of 10 mobile gas turbine units

• M&M Gas sells its first volumes of natural gas to consumers 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”

Business Milestones

• The Boards of Directors of the companies "MYTILINEOS HOLDINGS S.A.” ("MYTILINEOS"), “METKA INDUSTRIAL – CONSTRUCTION SOCIETE ANONYME”, “ALUMINIUM OF GREECE INDUSTRIAL AND COMMERCIAL SOCIETE ANONYME”, “PROTERGIA POWER GENERATION AND SUPPLIES SOCIETE ANONYME” and “PROTERGIA AGIOS NIKOLAOS POWER SOCIETE ANONYME OF GENERATION AND SUPPLY OF ELECTRICITY” have decided to commence the process of the merger into a single entity by absorption of METKA, AoG, Protergia and Protergia Thermo by MYTILINEOS

• 10 years of Greek growth MYTILINEOS: ALUMINIUM OF GREECE

• Long-term electricity supply agreement between the PPC and Aluminium of Greece

• PROTERGIA at COSMOTE and GERMANOS stores

• METKA S.A. signs a new EPC contract with Amandi Energy Limited for a new power plant in Ghana

Business Milestones

Merger of MYTILINEOS HOLDINGS SA with its principal subsidiaries METKA S.A., PROTERGIA S.A. and ALUMINIUM OF GREECE I.C.S.A

Business Milestones

Establishment of the new plant with fuel gas, power 826MW, with 63% thermal efficiency, the most powerful and efficient power plant in the country and one of the largest and most efficient power plants in Europe / The acquisition of 60% of Zeologic a startup specialized in the provision of innovative solutions in the field of liquid and solid waste management / The acquisition of 100% of METKA EGN, with a presence on all 5 continents / The acquisition of EPALME, strengthening Aluminum production and expanding our customer base, always in line with international requirements and trends.

Business Milestones

Transformation of the EPC BU - METKA into a new, modern and innovative Business Unit; the Sustainable Engineering Solutions BU (SES BU).