MYTILINEOS is one of Greece’s largest industrial companies with a long track record of successful international growth in the sectors of Metallurgy, EPC & Infrastructure and Electric Power & Gas Trading. As a responsible industrial company, MYTILINEOS strives for constant business excellence, balancing economic growth with sustainable development. Established in Greece in 1990, the Company is listed on the Athens Exchange and has a consolidated turnover more than €1.5 billion. MYTILINEOS operates the only Europe’s leading vertically integrated alumina and aluminium production and trading plant and, together with its mining operations, is a driving force for the Greek and European economy as well as for the Greek regions. It is the second largest bauxite producer in Greece and in Europe, with an annual output of 650,000 tons of bauxite,exclusively from underground sites. It is ranked among the Top 10 largest EPC contractors worldwide, with major energy projects under way in the markets of Europe, the Middle East and Africa. It is also the largest independent electric power producer in Greece,with 1,200 MW of gas-driven thermal plants in operation in Greece, and a portfolio of RES-based plants (wind farms, photovoltaic parks and small-scale hydropower plants)totaling over 190 MW, exceeding 14% of the country’s active and licensed installed production capacity from thermal plants. Currently, the Company employs directly or indirectly more than 3.600 persons in Greece and abroad.
Consists of: Employee Fees and Benefits, Investments, Payments to Capital Providers, Total Taxes to the Greek State, Environmental Expenses, Social Investments, Costs to Key Suppliers.
MYTILINEOS makes the most of its financial resources, aiming to create added value for its shareholders and investors. The Company monitors its performance on month-on-month basis, thus ensuring the early and effective identification and tracking of any deviations from its goals and taking corresponding corrective measures. It also evaluates its financial performance using internationally established Key Performance Indicators (KPIs)
The optimal operation of the industrial units of the company requires investments in facilities and equipment that are realized by the allocation of funds derived from the Financial Capital and which supplement the proceeds from the sale of the products as a result of the industrial production. Also, the utilization of industrial resources affects the value of Natural Capital, mainly through the use of raw materials from non-renewable sources during the production process, while the long-term part of this lost value is limited by the application of best practices of responsible consumption and production to stabilize and improve its environmental performance. Finally, the development of Industrial Capital contributes to the compliance of the company with the relevant legislative and regulatory requirements, which enhances both the value of Social Capital and the renewal of its social license, as well as the value of Human Capital through the further development of skills of the employees to meet the modern requirements of the production process.
The business strategy of MYTILINEOS is inextricably linked to sustainable growth in the long-term. In line with this view, the Company regularly applies practices aimed at ensuring the continuous improvement of its environmental performance. Through investments that take advantage of technological advances, as well as through employee training, the development of Best Available Techniques, the change in the use of fuels and the setting of annual environmental targets, is gradually stabilising the impacts of its activity on the natural environment. To this end, the Company also implements environmental protection and industrial hazard control policies that are supported by a structured system of Environmental Management practices and methods certified in accordance with the ISO 140001 and ISO 14064 International Standards in 100% and 33% of its business units, respectively. In this respect, a uniform system for information collection and reporting, environmental impact assessments and target-setting for continuous improvement is applied in all related activities of the Company.
MYTILINEOS always treats its people with responsibility and consistency, so as to remain their first choice of employer during their entire career paths. Factors such as Health and Safety at the workplace, the development of diverse skills, performance reviews, training and career development as well as the transfer of know-how to direct and indirect employees, are common goals that are shared by all Company’s Business Sectors, strengthening its capacity to achieve the desired financial and non-financial results.
By selecting the icons, you can see how the created value of the Financial Capital is related to the UN Sustainable Development Goals