The history of MYTILINEOS commences at the beginning of the 20th century. In 1908, the then small metallurgy industry MYTILINEOS operated in Piraeus as a rapidly growing family business. In 1990 the MYTILINEOS group is founded as an evolution of the old metallurgy family business and in 2017 it evolves into a new single business entity, MYTILINEOS. Since its establishment, MYTILINEOS has known continuous growth and as a result it is considered today as one of the leading industrial and energy companies in our country with significant international activity.
Establishment of MYTILINEOS, which evolved from an old family-owned metallurgy business that begun its operation in 1908.
Transfer of all subsidiary activities to the parent company.
MYTILINEOS is listed on the Athens Exchange.
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.
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.
Acquisition of a 30% stake in Hellenic Copper Mines Ltd., a copper processing metallurgy in Cyprus.
Acquisition of a 43% stake in State-owned ELVO S.A. through privatisation, also taking over the company’s management.
MYTILINEOS expands into electricity production and trading, presenting a comprehensive investment plan driven by the market liberalisation under way.
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.
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.
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.
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.).
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.
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.
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
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”
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
Merger of MYTILINEOS HOLDINGS SA with its principal subsidiaries METKA S.A., PROTERGIA S.A. and ALUMINIUM OF GREECE I.C.S.A
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.
Transformation of the EPC BU - METKA into a new, modern and innovative Business Unit; the Sustainable Engineering Solutions BU (SES BU).
MYTILINEOS’s leadership consists of the Board of Directors and the Executive Committee. These two strategic groups of leaders jointly aim at achieving business excellence, setting the goals of the company but also creating the right environment to achieve these goals.