Metka

Metka - Metal Constructions of Greece S.A.
Société Anonyme
Industry Construction
Founded 1962
Headquarters Athens, Greece
Revenue €606 million (2013)
€98 million (2013)
Profit €92 million (end 2013)
Total assets €800 million (end 2013)
Total equity €450 million (end 2013)
Number of employees
 483 (end 2013)
Divisions Energy (EPC), Infrastructure, Defence
Website www.metka.com

METKA (full name: Metal Constructions of Greece S.A. or “Metallikes Kataskeves Ellados AE” in Greek) is a leading international engineering contractor and industrial company, specialized in large-scale projects in the sectors of energy, infrastructure and defence, headquartered in Athens, Greece.

METKA’s main business activity is in construction of large power generation plants, most notably highly efficient combined cycle power plants. The company also has significant industrial manufacturing facilities, which enables it to produce specialized mechanical equipment, fabrications and machinery used in industrial and defence applications.

Established in 1962 and listed on the Athens Stock Exchange since 1973, its share nowadays participates on the FTSE large-capitalisation index.

The company is one of a small number of companies classified in the highest category of construction contractors for major public works projects in Greece.

METKA S.A. is a member company of Mytilineos Holdings S.A.

History

1962–1980

METKA S.A. was founded on 1962 by the Hellenic Industrial Development Bank in the port city of Volos, Central Greece.

In 1964 METKA’s manufacturing plant for metal constructions initiated its operation, with its activities relating mainly to the construction of large and sophisticated metal and mechanical projects.

In 1971 the company was privatized and in 1973 its shares were listed on the Athens Stock Exchange, a move which was followed by acquisitions that enabled METKA to become a contractor for large-scale projects. METKA carries out its first international projects.

1980–1998

In 1980 the company absorbed the technical contracting firm TECHNOM S.A. thus acquiring the capacity to build and assemble items at an industrialized level and obtaining the ability to undertake and implement large scale public works.

In 1989 followed the acquisition of the “Hellenic Steel Process Industry” (Servisteel) and with its modern automated equipment, METKA could start industrializing metal works (blasting, cutting, drilling).

After 39 consecutive years of operation, METKA opens up to new areas of activity such as: energy, defence, renewable energy sources, exports and refineries.

1998–2009

During the period of July 1998 through to January 1999, Mytilineos gradually acquired a controlling interest in the company and in early 1999 the acquisition was officially completed.

In December 1999, METKA proceeded to a 40% share acquisition of EKME. The company deals mainly with the design and construction of units for petrochemical and power production plants.

In 2006 METKA acquires ELEMKA, a company specialized in civil engineering applications.

2009 to present

In 2009 takes place the establishment of Power Projects Limited, subsidiary of METKA, in Turkey.

Operations

The company is headquartered in Athens, Greece with operations in several countries through the Middle East and Africa. The company's industrial facilities are located in the port city of Volos. METKA focuses mainly on serving the needs of international customers and markets, mainly in Europe, the Middle East and Africa.

See also

Notes and references

    External links