METLEN inaugurated a new industrial facility operated by M Technologies in Volos on Tuesday, in the presence of Defence Minister Nikos Dendias and Development Minister Takis Theodorikakos, as part of the group’s expanding defence industrial hub.
Speaking at the event, METLEN Executive Chairman and Chief Executive Officer Evangelos Mytilineos said a strong domestic defence industry is a prerequisite for safeguarding national sovereignty, adding that the investment goes beyond the creation of another manufacturing unit and forms part of a broader industrial ecosystem linking defence, energy and metallurgy.
According to Mytilineos, the M Technologies defence hub is evolving into a fully integrated industrial complex that will exceed 100,000 square metres and will be capable of supporting multiple European defence programmes.
He also stressed the need for closer cooperation between the armed forces and the Greek defence industry, arguing that domestic production can meet critical operational requirements while maintaining high quality standards.
He also praised the government’s decision, backed by Defence Minister Nikos Dendias, to require a 25% domestic industrial participation rate in all defence procurement programmes, saying the measure was “a step in the right direction.”
According to Mytilineos, Metlen has established six industrial defence production units within a short period of time. “The industries that survived the decade-long crisis thanks to their export-oriented focus can achieve remarkable things on land, at sea and in the air,” he said.
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