Media categories

Press releases

ElvalHalcor announces the order of a new four-stand tandem aluminium hot finishing mill

 
ElvalHalcor has awarded a contract to the German SMS Group GmbH, to supply a new four-stand tandem aluminium hot finishing mill for its Oinofyta plant, near Athens.
 
This order is part of a EUR 150 million investment in equipment, technology and infrastructure, announced by the Company on the signing of the loan agreement with the European Investment Bank on December 22, 2017, for its financing. This investment represents the first phase of the Company’s five-year plan to more than double its flat rolled aluminium products capacity.
 
With the new four-stand tandem mill, the future spectrum of hot rolled strips will range from 1.8 mm to 12.7 mm in thickness and up to 2.6 m in width, and will secure ElvalHalcor’s position as one of Europe’s leading producers of wide aluminium sheet.
 
This investment allows for the increase of ElvalHalcor’s current presence in aluminium packaging, industrial, transportation and architectural applications and sets the base for expansion in the automotive and aerospace sectors.
 
The new investment also supports the further modernization of the plant, introduces the latest industrial technology, increases energy efficiency and improves the environmental footprint.
 
The new hot rolling line will start production in the first quarter of 2020.
 
 

Date

Feb 14, 2018

Print

More Press releases

The Athens Stock Exchange welcomes ElvalHalcor
Feb 01, 2018
Read more
SEV Conference “A Greek Digital Strategy”
May 12, 2017
Read more
UACJ and Elval establish new European company to sell automotive heat exchanger materials
Jan 12, 2017
Read more
Memorandum of Understanding between Elval S.A. and UACJ Corporation
Apr 28, 2015
Read more
ELVAL, ONCE AGAIN, CLOSE TO THE CHILDREN WITH THE PROGRAMME “A LIFE WITHOUT WASTE : REDUCE, REUSE, RECYCLE”
Apr 01, 2013
Read more
ELVAL S.A. awarded a distinction for Corporate Responsibility & Sustainable Development Report from QualityNet Foundation
Jul 30, 2011
Read more