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ΙR Newsletter #9, October 2026
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Aluminium and Copper
Lead the Way
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Investing in the next chapter of growth
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By Angelos Giazitzoglou, Deputy Chief Financial Officer, ElvalHalcor
The successful completion of ElvalHalcor’s share capital increase marks the beginning of a new chapter for the company. Backed by a clear strategy and a strong industrial foundation, our €850 million investment plan for 2026–2030 will expand our capabilities and strengthen our position in the markets shaping Europe’s future.
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Strong foundations for the next phase of growth
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ElvalHalcor recorded increased profitability and volume growth in the first half of 2026, supported by higher sales volumes, an improved product mix and disciplined financial management. Adjusted EBITDA reached EUR 143.3 million, while net debt declined by EUR 81.6 million year-on-year.
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ElvalHalcor’s leading role in Greek industrial growth and exports
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How does ElvalHalcor’s industrial activity create value across the Greek economy? Our new explainer video presents the key findings of IOBE’s socioeconomic impact study, connecting production and investment with exports, employment and wider economic growth. Watch the video here.
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Two ElvalHalcor investment plans selected as EU Strategic Projects
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ElvalHalcor welcomes the selection of two of its investment plans in the EU list of Strategic Projects under the Critical Raw Materials Act (CRMA). The selected projects are the company’s new aluminium recycling centre within ElvalHalcor’s Aluminium Segment and ETEOCLES, an innovative project within its Copper Segment focused on the recovery and re-utilisation of low-grade copper scrap.
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Horizon X showcases Elval’s marine expertise
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Elval is supplying low-carbon aluminium for Horizon X, Austal’s hydrogen-ready ferry for Sweden’s Gotlandsbolaget. The collaboration demonstrates the relevance of ElvalHalcor’s specialised aluminium solutions to advanced marine applications, where technical performance and environmental requirements increasingly go hand in hand.
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Connecting AI innovation with industrial progress
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ElvalHalcor joined Greeks in AI 2026 as an Emerald sponsor alongside Teka Systems, contributing to the discussion on artificial intelligence in modern industry. Its participation highlighted the importance of connecting technological innovation with production needs through knowledge exchange and collaboration.
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New state-of-the-art Heat Transfer Laboratory now operational at Halcor NTT's Greek facility
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Halcor NTT’s new Heat Transfer Laboratory in Greece brings advanced testing capabilities closer to production, strengthening product validation, technical customer support and new product development. Now fully operational, the facility supports the joint venture’s commitment to high-performance heat transfer solutions.
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Bringing ElvalHalcor’s investment story to European funds and markets
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Through its participation in investor events in Milan and Paris, ElvalHalcor strengthens its international visibility and broadens dialogue with European institutional investors, supporting greater understanding of its business and strategic priorities.
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Strengthening forest protection, supporting community resilience
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ElvalHalcor is strengthening forest protection in Avlona, Attika, through the donation of a modern firefighting vehicle to local volunteers. Part of its “By your side, creating value” corporate responsibility program, the initiative supports emergency preparedness and the protection of people, property and the natural environment.
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Sustainability as a driver of long-term competitiveness
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How can sustainability strengthen industrial competitiveness and create lasting value? During a Hellenic Gold panel discussion, ElvalHalcor highlighted the role of employment, local communities, innovation, and environmental performance in supporting resilient business growth.
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ElvalHalcor at European Metals Day 2026
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ElvalHalcor joined industry leaders and policymakers at European Metals Day 2026 at the European Parliament in Brussels, where the launch of the Call to Action "Building Europe's Future with European Metals" placed the future competitiveness, resilience and strategic autonomy of Europe’s metals industry at the centre of the dialogue.
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ElvalHalcor co-signs the “Made in Europe” Statement
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ElvalHalcor has co-signed the ''Made in Europe: produce in Europe or disappear, the time for choice is now'' Statement, joining a broad coalition of European companies advocating for the adoption of “Union origin” requirements in the context of the Industrial Accelerator Act (IAA). The initiative underscores the importance of strengthening Europe’s industrial capacity, fostering investment, and ensuring that public support contributes to innovation, production, and value creation within Europe.
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Elval at ALUMINIUM Global Exhibition 2026
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Elval, the Aluminium Rolling Division of ElvalHalcor, together with Bridgnorth Aluminium, Symetal and Etem Gestamp successfully concluded its participation in ALUMINIUM - Global Exhibition 2026, the world’s leading trade fair for aluminium.
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Halcor at Chillventa 2026
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ElvalHalcor’s Copper and Alloys Extrusion Division (Halcor) joined hundreds of exhibitors in Nuremberg, Germany from 13-15 October for the world’s leading exhibition for refrigeration technology.
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Sofia Med at Electronica 2026
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Sofia Med will participate in Electronica 2026, 10-13 November 2026, showcasing its advanced copper solutions for electrical and electronic applications.
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ELVALHALCOR Hellenic Copper and Aluminium Industry S.A. (ElvalHalcor)
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Gen. Com. Reg. Number: 303401000 VAT Number: EL 094061318 Athens S.A.
Companies Tax Office Registered Office: Athens Tower (2nd Building) 2-4 Mesogeion
Ave., GR 115 27, Athens, Greece e-mail: info@elvalhalcor.com
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Aluminium Rolling Division – Elval
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61st km Athens- Lamia National Road, GR 32011, Oinofyta, Viotia, Greece Tel.: +30 22620 53111
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www.elval.com e-mail: info@elval.com
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Copper and Alloys Extrusion Division – Halcor
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62nd km Athens - Lamia National Road, GR 32011, Oinofyta, Viotia, Greece Tel.: +30 22620 48111
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www.halcor.com e-mail: info@halcor.com
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