Halcor

What Halcor does

Halcor is the copper and alloys extrusion division of ElvalHalcor Hellenic Copper and Aluminium Industry S.A., a publicly listed entity on the Athens Stock Exchange that itself sits within the Viohalco group of metals companies. Headquartered in Oinofyta, Greece, Halcor operates as the largest producer of copper tubes in the EMEA region, with over 85 years of metallurgical heritage tracing back to Hellenic Copper Industry (1937) and incorporating Viohalco's copper operations in 1976. The company runs eight industrial plants across four countries (Greece, Bulgaria, Turkey, the Netherlands), anchored by an 85,000-ton annual-capacity copper tube mill in Oinofyta and a five-line foundry capable of producing 50+ copper and brass alloys, supported by Sofia Med's 250,000 m² rolled and extruded products facility in Bulgaria and the HALCOR NTT, HC Isitma, and NedZink joint ventures.

Halcor's product portfolio centers on two categories. Under the TALOS® umbrella brand the company sells over 20 specialized copper tube lines — plain tubes, inner grooved tubes (IGT — Inner Grooved Tubes, manufactured with support from the proprietary Tube Heat Transfer Laboratory), pre-insulated ECUTHERM™ tubes, and application-specific variants for HVAC&R, plumbing, medical gas, solar, geothermal, fire suppression (SPRINKLER), and LPG. The CUSMART® patented system (European patent, launched 2005) addresses underfloor heating. The brass portfolio includes solid and hollow rods, seamless tubes, sections, and flat bars across alloys such as Cu-DHP, Cu-ETP, CuFe2P, leaded brass, lead-free Free Brass™, DZR (Dezincification-Resistant) brass, naval brass, and high tensile brass. Manufacturing is supported by a Tube Heat Transfer Laboratory, a Machinability Lab, CAD/FEA/CFD (Computer-Aided Design / Finite Element Analysis / Computational Fluid Dynamics) modeling, MES/APS production systems, and an Operational Excellence framework built on Lean, Six Sigma, TPM (Total Productive Maintenance), TPS (Toyota Production System), and TQM (Total Quality Management) methodologies.

Halcor's business model is industrial B2B (business-to-business) hardware sales of physical copper and brass semi-finished products. The company sells through direct enterprise sales teams segmented by customer type (industrial, installations, domestic), supplemented by a network of wholly-owned commercial subsidiaries in Germany, Italy, Romania, France, the UK, the USA, and Asia (Hong Kong), plus JVs in Turkey (HC Isitma), the Netherlands (NedZink), and HVAC&R finned tubes (HALCOR NTT). Pricing is quote-based and anchored to London Metal Exchange (LME) copper and zinc prices, which the company publicly displays in real time. End-markets include HVAC&R, building installations, forging and machining, electrical applications, automotive, and renewable energy, with long-tenured enterprise customers such as Güntner, Karyer, Coasol, Trafilati, Weitkowitz, ROBA, and Mercedes-Benz Türk. Certifications span ISO 9001/14001/45001/50001/46001 plus 15+ country-specific product marks (KIWA, DVGW, NSF, UL, BSI, PED — Pressure Equipment Directive, AENOR, AFNOR/NF, RISE, NSAI, CSTB), and ElvalHalcor holds an EcoVadis 2024 Gold Sustainability Rating (top 5% globally).

Name

Halcor

Legal name

Halcor (Copper & Alloys Extrusion Division of ElvalHalcor S.A.)

Website

https://halcor.com

Company type

Public

Founded year

1937

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Halcor, the copper and alloys extrusion division of ElvalHalcor S.A., is the largest copper tube producer in EMEA, manufacturing TALOS® tubes and brass products across eight plants in four countries for HVAC&R, building, automotive, and industrial customers.

Ownership category

akta.pro rank

Headquarters

HQ city

Oinófita

HQ country

Greece

HQ region

Europe

Offices17 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Technology or R&D, Personnel, Marketing or Sales

Revenue model

1. Copper Products Manufacturing and Sales: Halcor generates revenue through the manufacturing and sale of copper tubes, including internally grooved tubes, insulated tubes, coated tubes, straight lengths, and coils for HVAC&R, building installations, industrial applications, and other uses.
2. Brass Products Manufacturing and Sales: Revenue from brass rods (solid and hollow), brass tubes (seamless), brass flat bars, brass sections, and brass wires for machining, forging, automotive, and industrial applications.
3. Alloy Products: Production and sale of various copper and brass alloys including Cu-DHP, CuFe2P, Cu-ETP, Cu-DLP, Cu-HCP, leaded brass, lead-free brass, DZR brass, naval brass, and high tensile brass.
4. Insulation Materials: Production of insulation materials for various industry needs from construction to industrial requirements.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels7 records

Core offering

Halcor manufactures and markets copper tubes (TALOS® brand) and brass products (rods, tubes, sections, flat bars) in multiple specialized alloys. The TALOS® portfolio covers applications including HVAC&R heat exchangers, water supply, gas networks, medical gas, solar thermal, geothermal, fire-sprinkler, LPG, and high-pressure refrigeration. Brass products serve forging, machining, automotive, and electrical component industries. The company also produces pre-insulated copper tube systems (ECUTHERM™) and the patented CUSMART® heating network tubes.

Product overview

Halcor is the copper and alloys extrusion division of ElvalHalcor S.A. and operates as the largest producer of copper tubes in EMEA (Europe, Middle East, and Africa). The company offers a comprehensive portfolio organized around two primary product categories: copper tubes (branded TALOS®) and brass products (rods, tubes, sections, and flat bars). The TALOS® brand encompasses over 20 specialized product lines including standard tubes for heating and water supply, inner grooved tubes (IGT) for HVAC&R heat exchangers, pre-insulated systems (ECUTHERM™), and specialized variants for medical gas, solar, geothermal, fire suppression (SPRINKLER), and LPG applications. The CUSMART® patented system serves underfloor heating networks. Halcor's brass portfolio includes solid and hollow rods, seamless tubes, sections, and flat bars available in various alloys including leaded brass, lead-free brass (Free Brass™), DZR, naval brass, and high tensile brass. The company operates four manufacturing plants in Greece (copper tubes, foundry, brass rods/tubes, and insulation materials) and maintains strategic joint ventures including HALCOR NTT (fin tubes), HC Isitma (pre-insulated tubes in Turkey), and NedZink (titanium zinc products in Netherlands). Subsidiaries include Sofia Med (Bulgaria) and Epirus Metalworks (Greece). The company also provides customer technical support services through an online configurator and maintains a network of commercial subsidiaries across Europe.

Differentiator

Problem solved

Functional benefit

Brands

• TALOS: Primary copper tube brand including various series: TALOS ACR, TALOS ECUTHERM, TALOS XS, TALOS S80, TALOS S60, TALOS FORM, TALOS PLATED, TALOS GEOTHERM, TALOS SOLAR PLUS, TALOS MED, TALOS GAS, TALOS SPRINKLER, TALOS COATED, TALOS LINESETS, TALOS FIN, TALOS ACR INNER GROOVED, TALOS ACR ECUTHERM
• CUSMART
• HALCOR NTT
• Free Brass

Products and services

• TALOS® ACR INNER GROOVED Inner grooved copper tubes (IGT) for heat exchangers, refrigeration, heating, and air-conditioning systems. Developed through Halcor's dedicated Tube Heat Transfer Laboratory.
• TALOS® ACR Copper tubes for air-conditioning systems and heat pumps.
• TALOS® XS High-pressure copper tube series for refrigeration systems and fittings, suitable for CO2 refrigerant applications.
• TALOS® ECUTHERM™ Pre-insulated copper tube system for water supply, heating, and solar systems.
• TALOS® FIN / TALOS® FIN NTT Finned tubes for heat exchangers, condensers and evaporators with enhanced inner and outer surfaces for increased thermal performance.
• TALOS® MED Copper tubes for medical gas network applications.
• TALOS® SPRINKLER Copper tubes for fire-extinguishing systems.
• TALOS® GAS Copper tubes for interior natural gas networks.
• TALOS® LPG Copper tubes for LPG fuel systems.
• TALOS® SOLAR PLUS Copper tubes for solar thermal systems.
• TALOS® GEOTHERM™ Copper tubes for geothermal heat exchange systems.
• TALOS® COATED Coated copper tubes for underfloor heating applications.
• TALOS® PLATED Plated copper tubes for interior architecture applications.
• CUSMART® Patented copper tube system for heating networks and underfloor heating, featuring innovative design protected by European patent.
• Solid Brass Rods Solid brass rods for machining and forging applications, available in various alloys including leaded, lead-free, and high tensile brass.
• Hollow Brass Rods Hollow brass rods for machining applications.
• Seamless Brass Tubes Seamless brass tubes for general purpose, redrawing, automotive, and industrial applications.
• Brass Sections Extruded brass sections for industrial applications.
• Brass Flat Bars Brass flat bars for electrical component applications.
• Copper & Brass Alloys (Cu-DHP, CuFe2P, Cu-ETP, Leaded Brass, Free Brass™, Lead-Free Brass, DZR Brass, Naval Brass, High Tensile Brass) Production and sale of various copper and brass alloys including Cu-DHP, CuFe2P, Cu-ETP, Cu-DLP, Cu-HCP, leaded brass, lead-free brass (Free Brass™), DZR brass, naval brass, and high tensile brass for plumbing, heating, refrigeration, gas, medical, HVAC&R, electrical, and industrial uses.

Quantifiable outcome

• 85,000 tons annual copper tube production capacity
• +3 more outcomes

Named customers12 records

Segments7 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• HALCOR NTT (Suzhou New-Taitong FIN-Tube Company)coreStrategic or Co-development Partner · 30 October 2025Joint venture between Halcor and Suzhou New-Taitong FIN-Tube Company (NTT), part of Taiwan Chung Chen Metal Industrial Company (CCM Group). Focused on shell and tube heat exchangers, condensers and evaporators. Launched TALOS® FIN NTT Tubes with enhanced inner and outer surfaces for increased thermal performance. Fully integrated European production from copper cathode to finished finned tubes ensuring consistent quality, total traceability, and process control.
• NedZink Holdings B.V.coreStrategic or Co-development Partner · 29 May 2024Joint venture established on 29/5/2024 with ElvalHalcor holding 50% stake. Aims to bolster and more effectively promote the commercial network of affiliated NedZink BV in France. NedZink produces rolled titanium zinc products in Budel-Dorplein, Netherlands.
• National Technical University of AthensminorStrategic or Co-development Partner · 1 January 2019Collaboration for metallurgy research and development. Synergy combines practical industry experience with academic research excellence. Part of broader collaborations with R&D and metallurgic departments of Viohalco group companies.
• NedZink BVcoreStrategic or Co-development Partner · 1 January 2018Established in 1892, based in Budel-Dorplein, Netherlands. ElvalHalcor acquired 50% in 2018. Produces rolled titanium zinc products in rolls, sheets, strips, downspouts, roof fittings, façades and rainwater draining systems. Maintains sales network in Netherlands, Belgium, Germany and France. Currently undergoing restructuring programme.
• HC IsitmacoreStrategic or Co-development Partner · 1 January 2015Joint venture between Halcor and Cantas A.S. with 50% holding each. Headquartered in Istanbul. Specializes in producing Ecutherm polypropylene preinsulated copper tube coils and flexible polypropylene corrugated drain hoses for air conditioning systems. Serves dynamically growing Turkish market and regional countries.
• Suzhou New-Taitong FIN-Tube Company (NTT)coreStrategic or Co-development Partner · 1 January 2015Part of Taiwan Chung Chen Metal Industrial Company (CCM Group). Leader in designing and manufacturing technical finned tubes since 1973. Partner in HALCOR NTT joint venture for thermal innovation in HVAC&R applications.
• Cantas A.S.coreStrategic or Co-development Partner · 1 January 2015Turkish company partner in HC Isitma joint venture (50-50). Specializes in producing Ecutherm polypropylene preinsulated copper tube coils and flexible polypropylene corrugated drain hoses for air conditioning systems.
• Hellenic Copper Development Institute (HCDI)minorStrategic or Co-development Partner · 1 January 2001Halcor is a founding member. HCDI is a member of the European Copper Institute (ECI). Actively involved in major research projects concerning copper's impact on human health and the environment. Supports educational programs by providing materials, hosting and financing specialised seminars across Greece.
• ELKEME (Hellenic Research Centre for Metals S.A.)coreStrategic or Co-development Partner · 1 January 1999ELKEME was founded in 1999 to support the Greek metallurgical industry. Halcor is an active member and supports broader R&D efforts in the copper and copper alloy sector. ELKEME provides access to state-of-the-art laboratories, industrial research, and technological development in metallurgy, materials science, and environmental engineering. Key partner for product quality testing and process optimization.

Scale indicators8 records

Recent moves4 records

Expansion highlights6 records

Broad incumbents

• Mueller Industries: US-based manufacturer of copper, brass and aluminum products including tubes, fittings and rods. Comparable product categories (especially copper tubes for plumbing/HVAC) but primarily North American footprint versus Halcor's EMEA base.
• Aurubis: Europe's largest copper smelter and refiner with downstream copper product operations. Broader primary-metals focus than Halcor, but a relevant incumbent in European copper supply and a benchmark for capital-market copper exposure.
• Furukawa Electric: Japan-headquartered global manufacturer of copper, aluminum and optical fiber products. Comparable in copper tube/rod product lines serving HVAC and industrial markets, though broader and primarily Asian-focused.

Direct peers

• Luvata: Finland/UK-based manufacturer of copper products and engineered solutions including tubes, bars and busbars. Directly comparable in copper tube manufacturing for HVAC&R and industrial applications.
• Wieland Group: Germany-based global leader in rolled and extruded copper and copper-alloy products, including tubes, rods, bars and strips. Closest direct competitor to Halcor in European copper tube markets, with overlapping HVAC&R, plumbing and industrial customer bases.
• KME Group: Italy-headquartered manufacturer of copper and copper-alloy semi-finished products including tubes, rods and strips. Directly comparable product mix to Halcor with strong presence across European HVAC, plumbing and industrial segments.

Regional players

• Poongsan Corporation: South Korea-based manufacturer of copper and copper-alloy rolled and extruded products. Comparable product mix to Halcor but primarily serves Asian and US markets.
• Mitsubishi Materials: Japan-based non-ferrous metals manufacturer with global copper tube and product operations. Comparable in product categories but primarily serves Asian markets rather than EMEA directly competing with Halcor.

Emerging players

• Diehl Stiftung: German diversified industrial group with metallurgy division producing copper and alloy semi-finished products. Partial overlap with Halcor in copper-alloy rod and extrusion markets, primarily serving European industrial customers.

Others

• Wieland Thermal Solutions (formerly HEI Precision): Adjacent copper-based thermal solutions provider, relevant as a customer-adjacent ecosystem participant in heat-exchange applications where Halcor's IGT tubes are deployed.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/feed/update/urn:li:activity:7351888127944200193

Compliance24 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Halcor