Metka

Société Anonyme
Traded as Athex: METTK:GA
Industry Construction
Founded 1962
Founders Evangelos Mytilineos
Headquarters Athens, Greece
Area served
 International
Key people
 Ioannis Mytilineos (Chairman), George Economou (Vice President), Spyridon Petratos (CFO)
Revenue Increase€1.383 billion (2015)
Increase€110.2 million (2015)
Profit Increase€96.5 million (end 2015)
Total assets Increase€1.10 billion (end 2015)
Total equity Increase€908 million (end 2015)
Number of employees
 670 (end 2015)
Parent Mytilineos Holdings (50.2%)[1]
Divisions Energy (EPC)
Infrastructure
Defence
Website www.metka.com

METKA is a leading international engineering contractor and industrial company, specialized in large-scale projects in the sectors of energy, infrastructure and defence, headquartered in Athens, Greece.

METKA’s main business activity is in construction of large power generation plants, most notably highly efficient combined cycle power plants. The company also has significant industrial manufacturing facilities, which enables it to produce specialized mechanical equipment, fabrications and machinery used in industrial and defence applications.

Established in 1962 and listed on the Athens Stock Exchange since 1973, its share nowadays participates on the FTSE large-capitalisation index.

The company is one of a small number of companies classified in the highest category of construction contractors for major public works projects in Greece.

METKA S.A. is a member company of Mytilineos Holdings S.A.

History

1962 - 1980

METKA S.A. was founded on 1962 by the Hellenic Industrial Development Bank in the port city of Volos, Central Greece.

In 1964 METKA’s manufacturing plant for metal constructions initiated its operation, with its activities relating mainly to the construction of large and sophisticated metal and mechanical projects.

In 1971 the company was privatized and in 1973 its shares were listed on the Athens Stock Exchange, a move which was followed by acquisitions that enabled METKA to become a contractor for large-scale projects. METKA carries out its first international projects.

1980 - 1998

In 1980 the company absorbed the technical contracting firm TECHNOM S.A. thus acquiring the capacity to build and assemble items at an industrialized level and obtaining the ability to undertake and implement large scale public works.

In 1989 followed the acquisition of the “Hellenic Steel Process Industry” (Servisteel) and with its modern automated equipment, METKA could start industrializing metal works (blasting, cutting, drilling).

After 39 consecutive years of operation, METKA opens up to new areas of activity such as: energy, defence, renewable energy sources, exports and refineries.

1998 - 2009

During the period of July 1998 through to January 1999, Mytilineos gradually acquired a controlling interest in the company and in early 1999 the acquisition was officially completed.

In December 1999, METKA proceeds to a 40% share acquisition of EKME. The company deals mainly with the design and construction of units for petrochemical and power production plants.

In 2006 METKA acquires ELEMKA, a company specialized in civil engineering applications.

2009 - 2014

In 2009 takes place the establishment of Power Projects Limited, subsidiary of METKA, in Turkey.

In 2012 METKA opens a Representation Office in Algeria and develops a series of energy projects, particularly with mobile power generating units, on a fast-track basis.

2015

In 2015 METKA establishes a new Representation Office in Ghana, following the company's strategic focus on African markets with booming energy needs.

Also in 2015, METKA establishes the new affiliated company METKA EGN, as a result of the joint venture with EGNATIA Group, aiming to further strengthen the company’s portfolio of activities, as well as its positioning on the rapidly growing solar power market.

Operations

The company is headquartered in Athens, Greece with operations in several countries through the Middle East and Africa. The company's industrial facilities are located in the port city of Volos. METKA focuses mainly on serving the needs of international customers and markets, mainly in Europe, the Middle East and Africa.

See also

Notes and references

  1. ↑ "Μετοχή - METKA". Retrieved 8 September 2016.
This article is issued from Wikipedia - version of the 10/21/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.