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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 A combined cycle power plant is an assembly of heat engines that work in tandem from the same source of heat, converting it into mechanical energy. On land, when used to make electricity the most common type is called a combined cycle gas tur ...
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.


History


1962–1980

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. In 1971 Metka was privatized and in 1973 its shares were listed on the
Athens Stock Exchange The Athens Stock Exchange (ASE or ATHEX; el, Χρηματιστήριο Αθηνών (Χ.Α.), ''Chrimatistírio Athinón'') is the stock exchange of Greece, based in the capital city of Athens. It was founded in 1876. There are currently five ...
, 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 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.


2009–2014

In 2009 takes place the establishment of Power Projects Limited, subsidiary of Metka, in
Turkey Turkey ( tr, Türkiye ), officially the Republic of Türkiye ( tr, Türkiye Cumhuriyeti, links=no ), is a transcontinental country located mainly on the Anatolian Peninsula in Western Asia, with a small portion on the Balkan Peninsula ...
. In 2012 Metka opens a Representation Office in
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and develops a series of energy projects, particularly with mobile power generating units, on a fast-track basis.


2015–2016

In 2015 Metka establishes a new Representation Office in
Ghana Ghana (; tw, Gaana, ee, Gana), officially the Republic of Ghana, is a country in West Africa. It abuts the Gulf of Guinea and the Atlantic Ocean to the south, sharing borders with Ivory Coast in the west, Burkina Faso in the north, and Tog ...
, 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 Solar power is the conversion of energy from sunlight into electricity, either directly using photovoltaics (PV) or indirectly using concentrated solar power. Photovoltaic cells convert light into an electric current using the photovolta ...
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. New 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 Off-the-grid or off-grid is a characteristic of buildings and a lifestyle designed in an independent manner without reliance on one or more public utilities. The term "off-the-grid" traditionally refers to not being connected to the electrical g ...
power market with International Power Supply (IPS), the manufacturer of the award-winning all-in-one modular power conversion system EXERON.


2017

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.


Operations

Metka's main offices are in
Athens Athens ( ; el, Αθήνα, Athína ; grc, Ἀθῆναι, Athênai (pl.) ) is both the capital and largest city of Greece. With a population close to four million, it is also the seventh largest city in the European Union. Athens dominates a ...
, Greece with operations in several countries through the
Middle East The Middle East ( ar, الشرق الأوسط, ISO 233: ) is a geopolitical region commonly encompassing Arabia (including the Arabian Peninsula and Bahrain), Asia Minor (Asian part of Turkey except Hatay Province), East Thrace (Europ ...
and
Africa Africa is the world's second-largest and second-most populous continent, after Asia in both cases. At about 30.3 million km2 (11.7 million square miles) including adjacent islands, it covers 6% of Earth's total surface area ...
. 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

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List of Greek Companies Greece is a country in southeastern Europe. Greece is developed country with an advanced high-income economy, a high quality of life, and a very high standard of living. A founding member of the United Nations, Greece was the tenth member to ...


References


External links


Corporate BrochureEnergy BrochureOfficial WebsiteMytilineos Holdings S.A.Metka EGNThe Top 225 Global ContractorsThe only Greek stock at Forbes’ investment guideMetka on Athens ExchangeL.S. Skartsis, "Greek Vehicle & Machine Manufacturers 1800 to present: A Pictorial History", Marathon (2012)
(eBook)
EXERON
{{Athex Large Cap companies Companies listed on the Athens Exchange Energy engineering and contractor companies Engineering companies of Greece Construction and civil engineering companies of Greece Construction and civil engineering companies established in 1962 Greek companies established in 1962 Mytilineos SA Multinational companies headquartered in Greece Greek brands