ElvalHalcor: Leading European industry, with a strong outreach and a significant economic and social impact in Greece – Recent IOBE study
ElvalHalcor, a leading company in the aluminium and copper industry, has consistently been a pillar of growth for the Greek economy and society. According to the recent study by the Foundation for Economic and Industrial Research (IOBE), ElvalHalcor’s impact extends far beyond the boundaries of industrial production, broadly stimulating economic activity, national exports, and supporting thousands of jobs.
Strong production and export dynamics
Despite the international trade slowdown in 2024, ElvalHalcor recorded a production value of EUR 2.2 billion and exports of EUR 2.4 billion, representing 7.8% of Greek industrial exports (excluding petroleum products sector). Aluminium exports reached EUR 1.63 billion, covering 64.8% of national aluminium exports, while copper exports amounted to EUR 757 million, corresponding to 97.2% of Greece’s total copper exports.
ElvalHalcor’s total contribution in terms of production value equals 0.53% of the Greek GDP, highlighting the company’s importance to the national economy.
A key multiplier for employment and growth
ElvalHalcor’s operations supported more than 17,700 jobs in Greece, 2,800 of which involve direct employment. Additionally, each position within the Company created or supported on average 5.3 additional jobs across the economy as a whole. In 2024, ElvalHalcor’s activity generated a social product in Greece totalling EUR 714 million, highlighting the Company's substantial impact on the Greek economy and society.
The company strategically invests in its human capital and actively participates in initiatives aimed at bringing Greek scientists back from abroad, strengthening brain regain and creating opportunities within a modern and competitive environment.
Investments focused on sustainable development, circular economy and energy efficiency
Since 2018, ElvalHalcor has carried out investments in Greece exceeding EUR 820 million, aimed at enhancing production capacity, driving digital transformation, and improving energy efficiency. These investments contribute significantly both to the company’s competitiveness and to the reduction of its environmental footprint.
ElvalHalcor implements a modern model of sustainable production and development, providing aluminium and copper solutions with a low environmental footprint for markets focusing on energy transition, circular economy, e-mobility, and sustainable urban development.
A catalyst of industrial leadership
ElvalHalcor, staying true to its priorities of producing innovative solutions that promote sustainability, remains a strong catalyst for growth, delivering long-term value to the economy, society and the environment, as well as its people. Through its production and exports activity in 2024, ElvalHalcor mobilized forces in the greater economy and significantly strengthened the economic footprint of its activities, thereby confirming that the company is a strong growth driver in the country. You can read the full text of the IOBE study here.