Halyvourgiki Hellenic Steel Industry

Halyvourgiki–Hellenic Steel Industry S.A.
Χαλυβουργική–Ελληνική Βιομηχανία Χαλκού Α.Ε.
Anonymi Etairia
Traded as Athex: XALY
Industry Metals, manufacturing
Predecessor Angelopoulos Family
Founded 1925
Headquarters Athens, Greece
Key people
 Giorgos Angelopoulos (Executive Chairman)
Panagiotis Angelopoulos (Executive Vice Chairman)
Products Construction
Copper
Aluminium
Steel
Number of employees
 2,910 (end 2013)
Website www.halyvourgiki.com

Halyvourgiki Hellenic Steel Industry S.A. (Greek: Χαλυβουργική–Ελληνική Βιομηχανία Χαλκού Α.Ε.) has historically been one of the main steel producers in Greece, and the second largest after Viohalko.[1] Its huge, brightly colored facilities have almost become a landmark of the Elefsina area.

History

Halyvourgiki Hellenic Steel Industry S.A. effectively started business in 1925, as a trading company. It moved into wire production in 1932, and steel production in 1938.

Production was modernized and expanded after World War II, with the company moving production into a new factory in Elefsina, in 1953. The following years were its "golden age", as a construction boom connected with the Greek economic miracle lead to a huge increase in demand for steel.

Halyvourgiki faced serious economic problems during the economic crisis of the late 1980s and early 1990s in Greece, but managed to survive following a modernization program, which involved adding new products and technologies to the company.

References

  1. ↑ Η Ελληνική Χαλυβουργία γιγαντώθηκε Kathimerini newspaper, 5 December 2006.
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