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- When was the company established?
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The Company, which was founded in 1990 as a metallurgical company of international trade and participations, is an evolution of an old metallurgical family business which began its activity in 1908.
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- What constitutes the activity of Mytilineos SA?
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Mytilineos Holdings S.A. is today one of the biggest industrial Groups internationally, activated in the sectors of Metallurgy, EPC, Energy, and Defense. Devoted to continuous growth and progress and aiming to be a leader in all its activities, the Group promotes through its long presence its vision to be a powerful and competitive European Group of "Heavy Industry".
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- What is the company history?
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- 1991-1994: the Group consolidated all activities of its subsidiary firms into the Parent company
- 1995: listed on the Athens Stock Exchange
- 1996-1997: The Group's international position was strengthened significantly through a number of strategic agreements signed with metal, mining, and mineral companies of Southeast Europe
- 1998: acquisition of Romania's Sometra S.A.
- 1999: acquisition of Cyprus-based Hellenic Copper Mines LTD placed the Group at the forefront of the European metal market. With the 1999 acquisition of METKA S.A., a major metal construction company in Greece, the Group extends its activity. The Company has experience and know-how in the energy sector and cooperates in matters of construction and maintenance with major Greek businesses, like the Public Electricity Company.
- 2000: the Group acquired a 43% of the state-owned vehicle industry ELVO S.A.
- 2001: entered the sector of energy production and trade and has already put forward an extended investment program amounting to € 300 million. The goal was to exploit the new possibilities created in Greece after the deregulation of the electric energy and natural gas markets.
- 2005: Mytilineos Holdings S.A. announced the conclusion of the acquisition of the control percentage in the company Aluminum of Greece S.A.
- 2007: the Group moved into a strategic alliance with ENDESA, the largest Spanish electricity company and agreed into the creation of ENDESA Hellas.
- 2008: Motor Oil and Mytilineos Group sign major deal in the Energy Sector to construct and operate a 395MW CCGT.
- 2009: Motor Oil and Mytilineos Group join forces in the Natural Gas Market.
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- What are the main sectors of activity?
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- Metallurgy & Mining
- Energy
- EPC projects
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- What are the Group activities during 2008?
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- Which is the number of personnel of the Group?
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Mytilineos Holdings S.A. attracts highly qualified people and invests in their continuous training and individual development. The average working status distribution of our personnel over the past year is exhibited below:
- Full Time Employees: 1,689
- Part Time Employees: 1,109
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- What is considered to be the competitive advantage for AoG towards international competition?
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The vertically integrated production structure of AoG combined with synergies emerging from the operation of the CHP energy owned by Mytilineos Group offer autonomy and efficient cost structure control.
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- How can the Group benefit from the developments in the Energy sector?
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The massive need for energy investments in SE Europe driven by strong fundamental demand for power suggest that investments in the energy sector will prove to be remarkably profitable in the following years.
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- What you consider to be the most important advantages for the Group towards your competitors regarding the near term future?
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The Group is expected to benefit significantly from the successful risk-hedging policy which had been applied prior to the outbreak of the crisis and the significant decrease of the prices of aluminium. At the same time, the Group has already taken measures to secure its protection against the currency risk arising from a potential further weakening of the US Dollar, and has managed to drastically reduce its exposure to this currency. The above measures, coupled with the systematic efforts undertaken to curtail major cost components, translate into considerable advantages over the competition and allow the Group to face the future with confidence.