In a groundbreaking move, Mytilineos SA has secured its position as the largest bauxite producer in the European Union with the approval of the acquisition of Imerys Bauxites by the Hellenic Competition Commission.
This strategic development marks a significant milestone in the metallurgy sector as Mytilineos expands its operations and strengthens its commitment to sustainability.
Largest bauxite producer in EU
The merger of Imerys Bauxites' operations with Mytilineos' wholly-owned subsidiary, Delphi Distomon, propels the company to an annual bauxite production exceeding 1.2 million tonnes. This achievement establishes Mytilineos as the largest bauxite producer in Europe and positions it among the global leaders in bauxite production.
Comprehensive integration of mining activities
The acquisition encompasses all bauxite mining activities in the Fokida area, integrating them into Mytilineos' M Metals. This comprehensive integration strengthens Mytilineos' position as a key player in the European metallurgy sector and reinforces its commitment to responsible and efficient resource management.
Sustainable vertical integration
Mytilineos' commitment to sustainability is evident in the vertical integration of its metallurgy sector. The consolidation of the two mines, Delphi Distomon and Imerys Bauxites, brings about substantial economies of scale in production, logistics, and the shared use of the port of Itea in the southeastern Fokida region. This strategic integration ensures a stable, long-term bauxite supply to the historic Aluminium of Greece plant.
Gallium production for European needs
With the acquisition and planned investments, Mytilineos secures bauxite production and addresses the demand for gallium in Europe. Discussions with the European Commission are already underway, and Mytilineos is embarking on a pilot project to assess efficient methods of gallium extraction. The goal is to produce 40-45 tonnes annually, meeting the current needs of the European Union.
Economic stimulus and employment growth
The newly formed entity resulting from the merger will substantially impact the local economy. Directly employing 500 highly skilled and experienced personnel in the mining and administration sector, Mytilineos establishes itself as the most significant mining complex in the country, contributing significantly to both direct and indirect employment value in the Fokida region.
Mytilineos' transformative acquisition and integration efforts elevate its status as the largest bauxite producer in Europe and position the company as a leader in sustainable mining practices. The strategic move aligns with global environmental goals while contributing to regional economic development and technological innovation.
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