متکا

METKA provides innovative and competitive environmental solutions worldwide for water, liquid and solid waste..

TWe focus on the national and global goal of energy transition through the dynamic development of sustainability projects and the implementation of new technologies.

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Energy Brochure

Annual Report 2019

Sustainable Development Report 2019

متکا کلمه‌ای عربی و به معنای محل تکیه یا تکیه گاه است.[۱]
متکا نوعی بالش استوانه‌ای شکل و دراز است. این وسیله هم‌اکنون در شرق و جنوب شرق آسیا برای خواب به کار می‌رود و در ایران نیز کمابیش مورد استفاده است. هر چند استفاده از آن در گذشته بیشتر بوده‌است.

متکا همچنین یکی از لوازم خواب غربی است، به گونه‌ای که در تختخواب دو نفره، دو عدد بالش و یک متکا قرار داده می‌شود. این وسیله همچنین برای تکیه دادن هنگام نشستن روی زمین یا مبل مورد استفاده قرار می‌گیرد.

Metka is the business unit of the Greek company Mytilineos S.A., undertaking the construction of large-scale projects in the sectors of energy, infrastructure and defence.

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.

Metka is also classified in the highest category of construction contractors for major public works projects in Greece.

Metka was founded in 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.

متکا

In 1971 Metka 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.

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.

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 proceeds 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.

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

In 2012 Metka opens a Representation Office in Algeria and develops a series of energy projects, particularly with mobile power generating units, on a fast-track basis.

In 2015 Metka establishes a new Representation Office in Ghana, following the company’s strategic focus on African markets with booming energy needs.

Also in 2015, Metka establishes the new affiliated company Metka EGN, as a result of the joint venture with Egnatia Group, aiming to further strengthen the company’s portfolio of activities, as well as its positioning on the rapidly growing solar power market.

In 2016 Metka undertakes its second major project in Ghana, in consortium with General Electric, for the engineering, procurement, construction and commissioning of a 192MW combined cycle power plant in Takoradi. Νew solar and hybrid power EPC contracts for Metka EGN with a total capacity of 75MW.

Also in 2016 a strategic partnership in the off-grid power market with International Power Supply (IPS), the manufacturer of the award-winning all-in-one modular power conversion system EXERON.

In 2017 the merger was announced of Mytilineos Holdings S.A. with its principal subsidiaries Metka S.A., Protergia S.A. and Aluminium of Greece I.C.S.A.

Metka’s main offices are 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.

Annual Report 2016

“2015 Annual Report”

Corporate Brochure

Energy Brochure

Term

Mytilineos is adapting the know-how of its business unit METKA to sustainable development solutions, while continuing to capitalize on its competitive advantage in the construction of thermal power stations.

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Business

Greek industrial conglomerate Mytilineos is preparing a dynamic entry into large-scale public works and new economic sectors associated with sustainable development, drawing on European financial resources for rebooting the Greek economy and the know-how of its business arm, METKA.

متکا

“We had to move house in the last decade and settled into the Middle East and Africa, where the company thrived mainly due to thermal power stations. We have important comparative advantages that will allow us to participate dynamically in the Greek economy’s reboot package in the sectors of the future, i.e. of sustainable development,” company founder Evangelos Mytilineos tells Kathimerini on the occasion of METKA’s transformation into an autonomous general division of Mytilineos, announced last week.

Apart from the construction of thermal power stations and selected construction projects traditionally carried out by the business unit, its activity is being further strengthened with sustainable development projects, as Mytilineos adapts the expertise of the METKA EPC (Engineering – Procurement – Construction) business unit to sustainable development solutions. The company plans to continue building on its competitive advantage in thermal power plants and to expand further into the field of transmission and distribution. It is also seeking to grow in the field of infrastructure, through public-private partnership (PPP) projects and other projects requiring a high level of know-how, as part of efforts to reboot the Greek economy in the post-coronavirus era, which include several major projects.

The company’s strategic plan in the area of sustainable development aims at solid waste and wastewater management projects, hybrid and off-grid energy projects, energy upgrading projects and innovative energy projects (e.g. hydrogen projects). Key to these aims is the contribution of Zeologic in solid waste and wastewater management development projects. The company is headquartered in Thessaloniki in northern Greece and became a part of the Mytilineos portfolio in early 2019. Zeologic provides innovative solutions in the solid waste and wastewater treatment sector and constitutes the driver for the further expansion of Mytilineos’ activities into environmental projects and circular economy.

In order to carry out this strategic plan, the company is also planning changes to its organizational structure, focusing on four key characteristics: A flexible and efficient structure, with an emphasis on cost optimization in the execution of projects, separation of duties, and performance follow-up and maximization in the company’s other business units.

Public works

Large-scale public works represent a market the company is planning to re-enter under the new constitutional framework being introduced by the government that will put an end to the big discounts and excessive budget revisions of projects. The new legislation enforces terms for ensuring the financial status of the companies participating in a tender and takes into consideration their previous record in the execution of projects. The new rules are aimed at ensuring that the procedures for assigning public works are governed by transparency and meritocracy.

Given this new environment, Mytilineos, with its robust financial position and driven by METKA know-how, is making an entry, foreseeing annual revenues at a level of 1 billion euros a year and earnings before interest, taxes, depreciation and amortization (EBITDA) in the order of €130 million for EPC business unit projects.

“Empowered by sheer optimism and with great confidence, we are embarking into the sustainable solutions field, while claiming a presence in the great effort for the country’s restructuring. After years, the company is returning to Greece, without giving up on opportunities abroad,” Mytilineos tells Kathimerini.

The background
Mytilineos opened the country’s first industrial production plant in 1964 in Nea Ionia in Volos, central Greece, and established itself in the local market with complex steel structures. Over more than 50 years of evolution and transformation, it expanded into integrated projects in the energy and infrastructure markets.

With a portfolio of projects stretching from bridges, sports facilities and port equipment to mines and industrial and petrochemical facilities, METKA turned to the development of gas-fired electricity production in early 2000, carrying out several projects abroad. It set up METKA EGN in 2016 in response to the challenges of a rapidly growing global market of photovoltaic and hybrid projects. METKA EGN is a strong EPC contractor across the entire range of photovoltaic projects and energy storage applications, ranging from solar farms and energy storage to complex hybrid projects with a customer base encompassing some of the leading investors worldwide.

Its integrated reference projects exceed 1 gigawatt in Europe, Africa, Asia, Central and Southern America and Australia, and over 100 megawatts of energy storage projects in the United Kingdom and Puerto Rico. Over the last decade, METKA has succeeded in establishing its position as an internationally acclaimed EPC company for large electricity generation projects in Europe, the Middle East, Africa and Latin America, as well as of photovoltaic and hybrid projects in Europe, the Middle East, Africa, the United States and Australia.

It is currently in the process of making a comeback in the Greek market, while the METKA projects business unit has been merged with Mytilineos since 2017, focusing on large-scale public works, sustainable development and circular economy.

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