The positive impact of ElvalHalcor’s new 850-million-euro investment programme is expected to materialize sooner than expected compared to other international projects, the company’s Chairman Konstantinos Katsaros said.
The investment plan, scheduled for 2026-2030, includes 455 million euros in production investments and represents the Greek industrial group’s next major growth phase.
Speaking on the occasion of the listing of 59.5 million new ElvalHalcor shares following the company’s recent 250-million-euro share capital increase, which was 2.74 times oversubscribed, Katsaros thanked investors and all those involved in the successful completion of the transaction.
He said the new five-year investment programme, focused on machinery and infrastructure, will enable ElvalHalcor to become Europe’s second-largest aluminium rolling mill within the next few years and one of the largest in the Western world, while also strengthening its position in the copper market.
Katsaros said the investments would be executed efficiently and that their contribution to higher profitability would become evident more quickly than international benchmarks would typically suggest.
The company expects investments in its copper operations to begin generating returns in 2027-2028, while the aluminium projects are expected to start contributing from 2029 onward.
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