|
Metlen Energy & Metals PLC on Monday announced the acquisition of a sixth fully operational production unit for defence and railway equipment. The Athens-based aluminium producer and electricity generator said via its M Technologies sector, it is buying the long-operating dual industrial facility of NK Trailers in Volos, Greece. Metlen said the new unit includes the utilisation of two modern steel industrial buildings, with a total surface area of around 26,900 square metres. The company said: ‘At full development, Metlen’s M Technologies Hub in Volos will comprise the Nea Ionia Volos plant, the Servisteel facility in the A’ Industrial Area of Volos, three additional standalone industrial complexes as already announced, and, with this new acquisition, a total of six independent factories capable of serving six different defence programmes simultaneously.’ Vasilis Tsiamis, chief executive director of Metlen’s M Technologies, said: ‘The creation of the 6th production unit at Metlen’s M Technologies Hub in Volos decisively strengthens the region’s role as a pillar of heavy industry and defence production for the country. At the same time, the expansion of our production capabilities in defence systems, driven by increased demand, directly contributes to strengthening the country’s defence shield by increasing domestic added value, autonomy and reliability of the national defence industry, at a time of heightened geopolitical and technological challenges.’ Metlen shares were flat at €43.50 each on Monday morning in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
|
