REG - Metlen Energy&Metals - FID approved for 4th defence equipment plant,Volos

Metlen Energy & MetalsAnnouncement

02/09/2025 09:00

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RNS Number : 6426X  Metlen Energy & Metals PLC  02 September 2025

PRESS RELEASE

 

Final Investment Decision (FID) approved for the 4th high-tech

defence equipment plant at the METLEN Technologies Hub in Volos

·    FID for a 4th industrial unit within the Defence Hub under
construction in Volos

·    Strengthening Greece's and Europe's defence autonomy and
international competitiveness

·    Creation of new jobs

 

Athens, Greece / London, United Kingdom - September 2 2025 - METLEN, through
its M Technologies Sector, has taken the final investment decision (FID) for
the construction of its 4th unit at the A' Industrial Area of Volos, Greece.
This is part of the dynamic development of an integrated industrial complex
for the production of defence equipment components, creating a defence hub in
the region, the METLEN Technologies Hub. With this step, METLEN further
strengthens its strategic role in the defence industry of Greece and Europe.

Just three months after the visit of the Greek Prime Minister Kyriakos
Mitsotakis to the 3rd unit in the Volos Industrial Area - which is under
advanced construction and will enter commissioning in early 2026 - METLEN has
already submitted a business plan for inclusion under the Strategic
Investments Law for a new (the 4th) integrated defence equipment
manufacturing unit, aimed at producing high-tech defence products.

The new unit will cover a total area of more than 10,000 sq.m. and will be
equipped with five heavy machining tools and other specialised equipment of
the latest technology, with production capacity for Leopard 2A8 battle tanks.

The investment, totaling approximately €50 million, includes:

·    construction of a new heavy-duty building;

·    procurement and installation of machining tools and equipment;

·    supporting infrastructure and specialised training programs.

The operation of the new plant is expected to start within the first half of
2027, creating 200-250 new jobs in the Volos region.

Evangelos Mytilineos, Chairman & CEO of METLEN, stated: "True to our
commitments for a comprehensive investment plan in the defence sector,
announced during our Capital Markets Day in April 2025 in London, METLEN takes
another decisive step towards establishing a modern and internationally
competitive Defence Hub in Greece. We are responding to international market
demand, creating hundreds of jobs, and bringing cutting-edge know-how to
Greece through strategic partnerships that strengthen our country's role in
the European defence. Our commitment at the CMD was for a 5-plant Defence Hub.
All units will form an interoperable European-scale Defence Hub, capable of
simultaneously executing multiple programs for the production and support of
heavy weapon systems."

 Through this new investment, METLEN significantly contributes to:

·      the defence autonomy of Greece and Europe;

·      reindustrialisation and the development of critical technology
sectors;

·      strengthening the country's geopolitical position.

This new investment falls within METLEN's framework of strategic partnerships
with international defence companies, such as IVECO and KNDS, further
enhancing Greece's position on the European map of defense industry and
co-production.

 

Notes to editors:

Official photo material of METLEN and its activities can be found here
(https://www.metlengroup.com/photo-gallery?category=press-kit) .

 

For further information please contact:

Ms. Antigoni Fakou: METLEN Press Office, Tel. +30210-6877346 | Fax
+30210-6877400 | E-mail: Antigoni.fakou@metlengroup.com
(mailto:Antigoni.fakou@metlengroup.com)

 

METLEN:

METLEN Energy & Metals PLC (METLEN or the Company) is the parent company
of a multinational industrial and energy group and a leader in metallurgy and
energy industries, focusing on sustainability and circular economy. The
Company is primary listed on the London Stock Exchange with a secondary
listing on the Athens Exchange, having a consolidated turnover and EBITDA of
€5.68 billion and €1.08 billion, respectively, (2024). METLEN's group is a
reference point for competitive green metallurgy at the European and global
level, whilst operating only vertically integrated bauxite, alumina and
primary aluminum production unit in the European Union (E.U.) with privately
owned port facilities. In the energy sector, METLEN's group offers
comprehensive solutions, covering thermal and renewable energy projects,
electricity distribution and trading, alongside investments in grid
infrastructure, battery storage, and other green technologies. The Company's
group is active in the markets of all five continents, in more than 40
countries, adopting a full-scale synergetic model between the Metallurgy and
Energy Sectors, while undertaking end-to-end development of major energy
infrastructure projects.

www.metlengroup.com (http://www.metlengroup.com) | Facebook
(https://www.facebook.com/MytilineosSA/) | Twitter
(https://twitter.com/MytilineosSA) | YouTube
(https://www.youtube.com/user/MytilineosGroup) | LinkedIn
(https://www.linkedin.com/company/6646293/)

 

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