The aluminum company ELVIAL S.A. is launching new investments that are expected to reach 8 million euros over the next five years, following the 28-million-euro investment program that was concluded this year.
The president of the company, Tania Tzika, pointed out to “Naftemporiki”, that emphasis will be given on the company’s digital transformation and the quality of services to partners and customers, while also utilizing the two industrial properties that have been acquired by ELVIAL, namely the inactive factory of Almaco (Aluminium of Macedonia – 30,000 sq.m.) and Aluk (6,500 sq.m.), both in Nea Santa Kilkis.
The decisions on the time of exploitation of the two industrial properties in question will also depend on the outcome of the consultations that the company is currently having for the development of new partnerships abroad, Tzika said. Provided that this moves forward, it is necessary to further increase its production capacity.
Moreover, with the aforementioned investment program of 28 million euros, among other things, a fourth production line (aluminum profile extrusion line) was added, as well as two large robotic warehouses at its headquarters in the Industrial Park of Agios Panteleimon in Kilkis.
For the year 2023, the turnover of the company is estimated to amount 120 million euros compared to approximately 153 million euros in 2022, as it is known that this year the international prices of metals have decreased a lot, while last year they recorded a great increase. Meanwhile, in Western Europe markets, construction activity recorded a significant slowdown this year. However, thanks to the right terms of cooperation and orders, the losses from these markets were limited.
It is also worth noting that the company’s management has announced that ELVIAL will participate in the implementation of the large project of the reconstruction of the iconic historical industrial property of “FIX” by DIMAND.
