ElvalHalcor has welcomed the recognition of two of its investment projects as Strategic Projects of the European Union under the Critical Raw Materials Act (CRMA). They are the new aluminium recycling centre in ElvalHalcor’s Aluminium Division and ETEOCLES in its Copper Division, which involves the use of low-grade copper scrap.
The new aluminium recycling centre has already been included in the company’s recently announced investment plan, which will be partly financed through a €250 million share capital increase.
As the company points out, the European Commission’s decision carries particular weight at a time when access to critical raw materials is a prerequisite for Europe’s competitiveness, green transition and strategic autonomy. Strengthening Europe’s capacity to recycle and process metals is a top priority, as it reduces reliance on external sources and bolsters the resilience of the production chains that support critical sectors of the economy.
These projects place Greece at the heart of the EU’s efforts to strengthen competitiveness and transform Europe’s industrial base, contributing to economic resilience and Europe’s strategic autonomy. They also show that Greek manufacturing is not merely a productive pillar of the economy, but a source of expertise, innovation and industrial resilience with a Europe-wide reach.
The recognition highlights ElvalHalcor’s leading role in European aluminium and copper value chains. With a strong manufacturing presence, an international outlook and targeted investment in recycling, the company plays a decisive role in the shift from a linear model of resource consumption to a modern industrial development model that keeps valuable raw materials within the European economy, the listed company says.
ElvalHalcor’s projects are therefore part of a broader strategy for the future of European industry. They link the circular economy with supply-chain security and sustainable development, while strengthening Europe’s productive base and international competitiveness.