Presentation event of the TANDEM four stand aluminum hot finishing mill held in the presence of the Prime Minister The new strategic investment that places ELVAL at the top of the global aluminum rolling industry

Press Release

16 July 2020

In the presence of the Prime Minister Mr. Kyriakos Mitsotakis, a presentation event was held for the new innovative four stand TANDEM aluminum hot rolling mill on Wednesday, July 15, at ELVAL’s premises in Oinofyta. This new strategic investment of ELVAL (the aluminum rolling division of ELVALHALCOR) in the most modern hot rolling mechanical equipment in the world today, places the Greek aluminum industry at the very forefront of the industry globally.

The investment amounting to 150 million euro positions ELVAL as the second aluminum rolling factory in Europe, in terms of hot rolling capacity, which, combined with additional investments spanning the next five years, are expected to triple ELVAL’s production capacity. This crucial investment also paves the way for new, more demanding markets, such as the automotive and aerospace industries. At the same time, it significantly enhances the factory’s energy efficiency, reducing specific energy consumption and total carbon footprint, contributes to saving valuable resources and time, while also optimizes the metallurgical process as a whole. We are very proud to share this new innovative milestone as the TANDEM investment marks a new era for ELVAL, bringing with it immediate and significant benefits for the national economy and society as a whole.

With the slogan “A Greece that produces is a Greece that exports”, the Prime Minister Mr. Kyriakos Mitsotakis began his speech at yesterday’s presentation of ELVAL’s new four stand TANDEM aluminum hot finishing mill, pointing out that the rebirth of Greek industry is viewed as the top priority for the government. ELVAL’s investment, he pointed out, is an emblematic example of how the circular economy works in practice, which is a priority in the government’s development plan, whilst also announcing the reduction of the Special Consumption Tax for industries powered by the medium voltage network. ELVAL is an invisible pillar of Greece’s heavy industry, but it is a world-renowned company and a leading export company, the Prime Minister said in his speech, stressing at the same time that, “It simply isn’t true that Greece does not even produce a pin. ELVAL proves this point; it is a pioneer in aluminum processing. And along with ELVALHALCOR, a pioneer in an industry with a long past, there are even greater future prospects.” In addition, he underlined the fact that the investment’s completion took place during a period of uncertainty due to the coronavirus pandemic and that it is an addition to the positive developments witnessed in the country in the last few weeks. In closing his speech, the Prime Minister wished the Company’s Management all the best for the new investment, adding that: “The upgraded aluminum rolling mill should become ELVAL’s launch spring, and should also be viewed as a springboard for an industrial renaissance throughout the country”.

In his speech, executive member of the Board of Viohalco Michael Stasinopoulos noted that ELVAL has been constantly modernizing and progressing since its inception, and that the new investment places ELVAL amongst the leading aluminum producers worldwide. He pointed out that “the investment is a practical response to those that question whether the country has the ability to have a modern industry in place, one that does not need crutches but an industrial policy that provides a sound basis for growth.” Mr. Stasinopoulos stressed how important competitive energy costs are for industrial companies and the importance of establishing an open energy market so as to further enable the transition to renewable energy sources. The plan after TANDEM is an ambitious one aimed at fully utilizing the international dynamics in increasing the use of aluminum, he stated characteristically, pointing out that aluminum will play a leading role in the new green economy. At the same time, he underlined that with the increase in production which will be brought about by the TANDEM investment, additional investments in aluminum recycling have been planned, the completion of which will create approximately 400 new jobs. Concluding his speech, Michael Stasinopoulos said: “ELVAL’s new investment has all the prerequisites to offer creative and exciting careers for scientists and professionals, to become a hub for collaboration with universities, to bring young people back to Greece from overseas, and to become a model for the modern meaning of corporate social responsibility, where companies develop and progress together and in parallel with the societies in which they operate”.

Lambros Varouchas, ELVAL’s Managing Director, presented a brief historical overview of the successful course of the company which has 45 years of experience in the aluminum rolling industry, proudly stating that: “ELVAL is rising to the top of the industry thanks to its investment strategy and more importantly, due to its talented, specialized and constantly evolving human resources”. The new TANDEM hot rolling mill that we present to you today is of the highest technology and it is the most modern in the world in terms of hot rolling equipment. In Europe, only three factories have a four stand hot rolling mill, but what we have installed is the most powerful and the most contemporary of its type”, said Mr. Varouchas. Concluding his speech, he emotionally stated: “All of us at ELVAL feel proud to be part of this highly pioneering and world-class company as well as contributors to its dynamic development.”

About Elval

Elval is the aluminium rolling division of ElvalHalcor S.A., one of the leading aluminium rolling manufacturers worldwide and the only one in Greece. For almost 50 years, Elval has been recognised as a trusted partner and innovative aluminium manufacturer, with a broad portfolio of quality products for the packaging, construction, shipbuilding, automotive, energy, industrial and HVAC&R markets. Through an established global commercial network across 21 countries, Elval exports approximately 80% of its production to more than 60 countries and offers reliable and competitive solutions that meet the requirements of the most demanding global customers. For more information about Elval, please visit the website www.elval.com

Two awards for Halcor at “Hellenic Responsible Business Awards 2020”

Oinofyta, February 25th., 2020

Halcor received a total of two awards at the Hellenic Responsible Business Awards, once again highlighting the Company’s commitment to Sustainable Development principles and its commitment to implementing responsible business practices. The event for the awards was held on Monday, February 24, at the Benaki Museum, 138 Piraeus & Andronikou Street in Athens.

Halcor’s best practices that were awarded in this year’s “HRB” are in the category:

• Silver Prize: Sustainable Development – Recycling – Recycling of Copper and Copper Alloys

• Bronze Award: Sustainable Development – Supply Chain – Supplier Code of Conduct and Supplier Training

Halcor invests heavily in Sustainable Development and seeks continuous responsible growth by implementing sound entrepreneurial practices. In the context of sustainable development, the company places great emphasis on recycling metals and especially copper and copper alloys. Halcor always looking forward to environmental protection and the immediate saving of natural resources in combination with the optimum economic result, covers a significant part of its raw material needs by replacing primary raw materials with scrap metal if used. The term scrap is used for the description of recyclable metals remaining of all kinds in the production and consumption processes of products such as car spare parts, building equipment and other materials. In this way, Halcor becomes the largest recycler of copper, zinc and their alloys in Greece. During 2018, the scrap we recycled and used as raw material, reached 51% of the total amount of metal we consumed.

Halcor In order to disseminate the principles of Sustainable Development and promote responsible practices in our supply chain, the Company has developed a Code of Conduct for Suppliers. The Company’s Supplier Code of Conduct sets out the framework we follow for managing our supplies responsibly. The Code describes our expectations / requirements from our supply chain (suppliers and partners) regarding Sustainable Development issues. The sections of the Code cover issues related to environmental protection, health and safety at work, work practices, ethics and integrity, transparency and respect for competitiveness, meritocracy and equal opportunities, etc. Halcor communicates this Code to its suppliers and partners (existing and new) who need to be aware of the responsible practices implemented by the Company and adopt shared values and principles in the context of Sustainable Development, which we believe will bring mutual benefits.

In addition and in order to further improve our supply chain, we encourage our suppliers and partners to transmit the dissemination of the Code principles and to promote responsible practices with their own suppliers and partners. As our suppliers and partners are an important link in the chain of our business, we have chosen to be in constant communication and collaboration with them. In this context, and focusing on the need to raise awareness and commitment to relevant sustainable development initiatives that will encourage the development of responsible supply chain practices, we ensure that we inform and train our suppliers on general responsible issues. This practice is an initiative we launched in 2015 and implement on an annual basis, since we have also received very positive feedback from our suppliers. All initiatives and responsible practices implemented by Halcor are detailed in the Sustainable Development Report published annually.

About Halcor

Halcor is the copper tubes division of ElvalHalcor S.A., a leading copper industry that specializes in the production, processing and marketing of copper and copper alloys products with dynamic commercial presence in the European and global markets. For more than 80 years, Halcor has been offering innovative and addedvalue solutions that meet contemporary client demands in fields, such as plumbing, HVAC&R, renewable energy, architecture, engineering and industrial production.

About «Hellenic Responsible Awards 2020»

These are the Corporate Business Awards organized by Boussias Communications for the fifth consecutive year.

The successful institution, which has changed the CSR debate by setting the stage for the promotion of sustainable investment and strategic partnerships for sustainable entrepreneurship, brings together business and institutional leaders, each year, in a collaborative venture. Greece of us.

At the 5th event, the institution receives the Honorable Support of: Transparency International Greece, HSEECorporate Executives Association, EEDEGE-National Chamber of Commerce of Greek Women Entrepreneurs, Bodosaki Foundation, Hellenic Society of Sponsored Links , Togme EEDE-Department of Women Manager & Entrepreneurship Development Hellenic Society for Business Management and Hellas Cert, implemented with the Scientific Cooperation of University of Piraeus-Laboratory of Economics, Ky. likis Economy and Sustainable Development and the Diversity Charter Greece.

Halcor’s award at the ”Made in Greece Awards 2019”

Oinofyta 23/12/2019

Halcor (Copper tube division of ElvalHalcor SA), was awarded at the “Made in Greece Awards 2019”, by receiving the silver award in the Innovative Industrial Product category. In particular, this award was for the innovative CUSMART^®. The award event was held on Monday, December 16, at the Athens Concert Hall.

This award is a confirmation of Halcor’s business path, with an emphasis on technology investment, research and development and the creation of high value-added products and solutions.

CUSMART^® flexible tubes with external industrial insulation are suitable for all heating and hot water supply plumbing networks inside and outside buildings. The insulation is a crosslinked polyethylene (PE-X) foam structured in closed type microcells. Energy saving is a result of the spectacular reduction of temperature loss to over 50% compared to similar networks without insulation. The Made in Greece Awards are part of the ongoing effort of the Greek Marketing Academy to empower and disseminate a new innovation and extroversion development model that responds to current production and marketing challenges based on quality, innovation, diversification, targeted markets, international distribution networks and strong brand names. The purpose of this institution is to promote and reward companies and organizations that achieve excellent performance in the creation and marketing of products with significant added value for the Greek economy. Over the past six years, more than 120 leading Greek businesses have been distinguished for their quality, innovation, extraversion and brand power.

About Halcor

Halcor is the copper tubes division of ElvalHalcor S.A., a leading copper industry that specializes in the production, processing and marketing of copper and copper alloys products with dynamic commercial presence in the European and global markets. For more than 80 years, Halcor has been offering innovative and added-value solutions that meet contemporary client demands in fields, such as plumbing, HVAC&R, renewable energy, architecture, engineering and industrial production.

Halcor receives award at the “Bravo Sustainability Dialogue & Awards 2019”

Oinofyta, 20 December 2019

As part of the Bravo Sustainability Dialogue & Awards, Halcor (ElvalHalcor S.A.’s copper tubes division) received an award in the Environment category for its circular economy plastic waste management program. The awards event took place on Wednesday 18 December 2019 at the Athens Concert Hall.

ElvalHalcor S.A.’s copper tubes division proceeded with the design, development and implementation of a voluntary responsible practice regarding the reuse of plastic waste (PE) resulting from its production process. This project is part of the circular economy that the Company is committed to implementing. Mr. Efstratios Kolyfetis, Halcor’s Environmental Officer receiving the award, stated that: “By consistently serving the principles of sustainable development and responsible entrepreneurship, Halcor is now thinking “Circular” and is continuously investing in practices that serve to improve its environmental footprint.”

About Halcor

Halcor is the copper tubes division of ElvalHalcor S.A., a leading copper industry that specializes in the production, processing and marketing of copper and copper alloys products with dynamic commercial presence in the European and global markets. For more than 80 years, Halcor has been offering innovative and added-value solutions that meet contemporary client demands in fields, such as plumbing, HVAC&R, renewable energy, architecture, engineering and industrial production.

About the “Bravo” Initiative

Bravo is a nationally developed social dialogue forum which is based on initiatives implemented by Greek Businesses, Local Government Organizations and Civil Society. Bravo’s 250 Initiatives and the 35,000 active citizens participating with it have led to the wider sharing of information and a broader awareness within Greek society as well as an exchange network for knowledge and experience from these organizations, contributing to the creation of the “Greece of Tomorrow” initiative.

ISH World’s Leading Fair for HVAC & Water – Halcor was present at Hall 5 Stand C76.

Together with our subsidiary in Germany, MKC Metall KundenCenter GmbH as co-participant and several co-workers and colleagues from different parts of Europe, we joined forces so as to present our valuable products and demonstrate responsibly with thoroughness, accuracy and integrity the values and advantages of working with our company.

Demonstrated and proved that no matter the size and traffic of the exhibition, we provided quality time and service to all customers and visitors from our teams’ dedication and commitments that we share, providing excellent customer service and offering tailor made solutions and opened our doors for new prospects and business opportunities.

Annual sales meeting press release

January 2019

Delivering education to our business executives

Halcor held its Annual Sales Meeting which target was to update on the company’s performance in relation to previous year and in terms of production, financial results, achievement of commercial objectives and to provide special training in special themes such as modern costing methods.
In addition, previous year results were reported and an update of the budget and sales plan targets for the current year were communicated.

With the presence and the positions communicated by our General Manager Dr. P. Sapountzis, our Executives presented essential themes chosen for this years’ Annual Sales Meeting. Each section was followed with further Q&A among the participants.

Financials (S. Kokolis, CFO)
Production (A. Kaimenopoulos, Copper Tubes Factory Director)
Voice of business (G. Mavraganis, Strategic Planning & CSR Director)
Competition analysis (A. Kompotis, Financial Information Controller)
Costing methods for industrial products (D. Kaforos, CFO Assistant)
Sales (P. Lolos, Commercial Director)

Overall, it was a very successful meeting with engagement and interaction from all our attendees – including colleagues from our headquarters and mother companies. A great way to bond and educate our team in one corporate and social event.

About Halcor

Halcor is the copper tubes division of ElvalHalcor S.A., a leading copper industry that specializes in the production, processing and marketing of copper and copper alloys products with dynamic commercial presence in the European and global markets. For more than 80 years, Halcor has been offering innovative and added-value solutions that meet contemporary client demands in fields, such as plumbing, HVAC&R, renewable energy, architecture, engineering and industrial production.

Halcor and the copper subsidiaries FITCO, Sofia Med and HC ISITMA consist the copper segment of ElvalHalcor S.A. and they operate a total of five production plants in Greece, Bulgaria and Turkey. Halcor and the copper subsidiaries develop and distribute a wide range of products, including copper, brass and copper-alloy rolled and extruded products with Halcor being the sole producer of copper tubes in Greece.