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MYTILINEOS GROUP
SUSTAINABILITY REPORT 2011 |61
Over the past years, MYTILINEOS Group has developed significant business activities in the sector of basic metals mining and processing, and now holds a
leading position in aluminium, zinc and lead production and trade in the Balkans.
The Group’s total energy, industrial and environmental investments in Agios Nikolaos, Viotia, where the industrial plant of ALUMINIUM S.A. is located, were the
largest private-sector investments carried out in Greece during the three-year period from 2005 to 2007.
These investments play a major part in:
- Helping the development of the region and the creation of new jobs.
- Facilitating the penetration of natural gas in Greece while reducing the country’s dependence on oil.
- Substituting 300 MW of lignite-based power production, thus contributing to a potential reduction of carbon dioxide emissions by about 1.5 million tons per year,
in line with Greece’s national objective to limit the increase of the domestic production of CO
2
emissions to no more than 25% compared to their level in 1990.
In parallel with its continuing investment plan, the Group develops methods to curtail costs and exploits the capabilities of sophisticated risk-hedging tools and techniques
to optimise its financial performance in the coming years.
The Group’s strategy in this sector focuses on the following:
- Providing optimal products and solutions to its clients rather than merely supplying commodities.
- Seeking new projects geared towards vertical integration or expansion, to strengthen its position in the sector.
- Increasing its competitiveness through investments and the adoption of risk-hedging methods.
In the Metallurgy and Mining sector, the MYTILINEOS Group is active through its subsidiaries ALUMINIUM S.A. and DELPHI-DISTOMON S.A.
Metallurgy & Mining Sector
