ElvalHalcor contracts SMS

ElvalHalcor has awarded a contract to the German SMS Group GmbH, to supply a new four-stand tandem aluminium hot finishing mill for its Oinofyta plant, near Athens. This order is part of a EUR 150 million investment in equipment, technology and infrastructure, announced by the Company on the signing of the loan agreement with the European Investment Bank on December 22, 2017, for its financing. This investment represents the first phase of the Company’s five-year plan to more than double its flat rolled aluminium products capacity. With the new four-stand tandem mill, the future spectrum of hot rolled strips will…