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FID approved for 4th defence equipment plant,Volos
METLEN Energy & Metals PLC has approved the final investment decision for its fourth high-tech defence equipment plant in Volos, Greece. This new unit, part of the METLEN Technologies Hub, will cover over 10,000 sq.m. and include five heavy machining tools, enhancing Greece's and Europe's defence capabilities. The total investment is approximately €50 million, covering construction, equipment procurement, and specialized training. Operations are expected to commence in the first half of 2027, creating between 200 and 250 new jobs in the Volos region. The plant will have production capacity for Leopard 2A8 battle tanks. Disclaimer*
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[{"type":"text","content":"\n\nPRESS RELEASE\n \nFinal Investment Decision (FID) approved for the 4th high-tech\ndefence equipment plant at the METLEN Technologies Hub in Volos\n· FID for a 4th industrial unit within the Defence Hub under construction in Volos\n· Strengthening Greece's and Europe's defence autonomy and international competitiveness\n· Creation of new jobs\n \nAthens, Greece / London, United Kingdom - September 2 2025 - METLEN, through its M Technologies Sector, has taken the final investment decision (FID) for the construction of its 4th unit at the A' Industrial Area of Volos, Greece. This is part of the dynamic development of an integrated industrial complex for the production of defence equipment components, creating a defence hub in the region, the METLEN Technologies Hub. With this step, METLEN further strengthens its strategic role in the defence industry of Greece and Europe.\nJust three months after the visit of the Greek Prime Minister Kyriakos Mitsotakis to the 3rd unit in the Volos Industrial Area - which is under advanced construction and will enter commissioning in early 2026 - METLEN has already submitted a business plan for inclusion under the Strategic Investments Law for a new (the 4th) integrated defence equipment manufacturing unit, aimed at producing high-tech defence products.\nThe new unit will cover a total area of more than 10,000 sq.m. and will be equipped with five heavy machining tools and other specialised equipment of the latest technology, with production capacity for Leopard 2A8 battle tanks.\nThe investment, totaling approximately €50 million, includes:\n· construction of a new heavy-duty building;\n· procurement and installation of machining tools and equipment;\n· supporting infrastructure and specialised training programs.\nThe operation of the new plant is expected to start within the first half of 2027, creating 200-250 new jobs in the Volos region.\nEvangelos Mytilineos, Chairman & CEO of METLEN, stated: \"True to our commitments for a comprehensive investment plan in the defence sector, announced during our Capital Markets Day in April 2025 in London, METLEN takes another decisive step towards establishing a modern and internationally competitive Defence Hub in Greece. We are...