Aluminium of Greece

Imerys Bauxites' operations will merge with Mytilineos' wholly-owned subsidiary, Delphi Distomon, as part of the Metallurgy Sector's ongoing vertical integration. This move establishes the largest bauxite producer in Europe, significantly increasing the production capacity to 1.2 million tons annually - a European record and one of the largest globally.

Mytilineos Energy & Metals on Tuesday announced the signing of an agreement with the French company Imerys for the acquisition of 100% of the shares of Imerys Bauxites Greece Single Member Societe Anonyme for 10 million euros. The agreement concerns all bauxite mining activities in the Fokida area, which will now be part of Mytilineos' metallurgy branch.

AXIA distinguishes the strategic position of Mytilineos in the energy crisis in order to take advantage of opportunities, in the report published for the Greek multinational company.

Mytilineos announced the completion of the agreement with PPC SA for the supply of electricity for the factory "Aluminium of Greece", of its Metallurgy Business Unit.

Mytilineos sees positive prospects for its alumina business in Greece despite surging alumina prices, the Greek industrial group said on Thursday.

Its vertically-integrated feed and lower production costs have shielded it and created "positive prospects" for its alumina business in the short and the medium term, the company said in a first-quarter trading update.

Aluminium of Greece, a member of the Mytilineos Group, picked up two distinctions at the Health & Safety Awards 2016, organized by Boussias Communications.

The absorption of the Mytilineos Group's subsidiaries - METKA, Aluminium of Greece, Protergia and Protergia Thermo - by Mytilineos Holdings is expected to be completed by end-August 2017, the group has announced, in a move that will create a new industrial and economic force in Greece.

Athens-listed Mytilineos Group is entering a new era, as it announced on Wednesday that it is conducting an absorption-type merger of all its main subsidiaries (METKA, Aluminium of Greece and Protergia).