Aeiforos

What Aeiforos does

Aeiforos (legal name: ΑΕΙΦΟΡΟΣ ΕΤΑΙΡΕΙΑ ΕΠΕΞΕΡΓΑΣΙΑΣ ΜΕΤΑΛΛΩΝ Α.Ε / Aeiforos Metal Processing S.A.) is a Greek industrial by-products recycling company founded in 2001 and operating as part of VIOHALCO's Recycling Sector. The company processes steelmaking and metal manufacturing waste streams — primarily electric arc furnace (EAF) slag, shredder residues (fluff/ASR), ferrous and non-ferrous scrap, used refractory bricks, and hazardous industrial dust — into saleable products including CE-certified hard aggregates for road construction, secondary raw materials for the cement industry, recovered metals, and alternative fuels. Aeiforos operates three production facilities: Almyros (Central Greece, co-located with SOVEL steel mill, port-equipped), Thessaloniki (Northern Greece, host of the pioneering fluff recycling line), and Pernik, Bulgaria (wholly-owned subsidiary AEIFOROS BULGARIA SA, embedded within STOMANA INDUSTRY SA). The company recycles over 400,000 tonnes annually and has processed more than 5 million tonnes cumulatively across 24 years of operation.

Its technology stack centers on specialized physical processing systems: EAF slag treatment and screening into EN 13043/13242/12620 certified aggregates; shredder residue processing achieving 95% recovery rates via a 2012 facility described as globally innovative; ferrous and non-ferrous metal recovery (aluminum, copper, brass, catalytic converters); and licensed hazardous waste management including cross-border shipment. Quality, environmental, and safety systems are certified to ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 by TÜV AUSTRIA HELLAS, with an Environmental Product Declaration (EPD) registered for aggregates in 2022.

Aeiforos operates a direct B2B sales model organized by department — Aggregates, Metal Scrap, Car Withdrawal and Recycling, and Industrial Waste Management — with quote-based, multi-year contract pricing and no public rate cards. The customer base is concentrated in heavy industry: captive VIOHALCO group steel mills (SOVEL, STOMANA) as feedstock suppliers and processing partners, AVAX GROUP and other infrastructure contractors as aggregates buyers, cement manufacturers as alternative raw materials customers, and automotive recyclers for end-of-life vehicle processing. Revenue is generated through product sales (commodity-like, tonnage-based) and service fees for licensed hazardous waste handling and ELV depollution. Customer concentration risk is High given intracompany flows with VIOHALCO affiliates and a narrow named-customer set.

Name

Aeiforos

Legal name

ΑΕΙΦΟΡΟΣ ΕΤΑΙΡΕΙΑ ΕΠΕΞΕΡΓΑΣΙΑΣ ΜΕΤΑΛΛΩΝ Α.Ε

Website

https://aeiforos.gr

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

51–100 employees

Short description

Aeiforos is a Greek industrial recycling company (VIOHALCO group subsidiary) that processes steel slag, shredder residues, and metal scrap into CE-certified road aggregates, recovered metals, and alternative raw materials, serving steel mills, cement producers, and infrastructure contractors across Greece and Bulgaria.

Ownership category

akta.pro rank

Product category

Industrial Recycling and By-Products Processing

NAICS

Hazardous Waste Treatment and Disposal (562211), Hazardous Waste Collection (562112)

SIC

Hazardous Waste Management (4955), Wholesale-Metals & Minerals (No Petroleum) (5050)

akta.pro primary industry

Industrial Hazardous Waste Services (Manufacturing, Refineries, Metals, Automotive) (EUAIAFAG)

akta.pro secondary industries

Industrial Scrap Management & On-site Services (Plant Scrap, Roll-off, Managed Programs) (EUAIAJAI), Non-Ferrous Scrap Processing & Recycling (Aluminum, Copper, Brass, Lead, Zinc) (EUAIAJAB)

Keywords

• Industrial waste management
• Metal recycling services
• Construction aggregates
• Steel slag processing
• End-of-life vehicle recycling

Headquarters

HQ city

Néa Ionía

HQ country

Greece

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Aggregates and Construction Materials Sales: Aeiforos produces and sells hard aggregates from EAF slag for road construction (anti-skid surfaces, sub-bases) and alternative raw materials for the cement industry (lime-bearing cement, ferrous slag). Revenue is generated through product sales to construction companies and cement manufacturers.
2. Metal Recycling and Recovery: Aeiforos collects, processes, and resells ferrous and non-ferrous metals (aluminum, copper, brass, etc.) recovered from industrial by-products and end-of-life vehicles. Metals are sold to steel mills and non-ferrous foundries as secondary raw materials.
3. Alternative Fuel and Secondary Raw Materials Production: Processing of shredder residues (fluff) into energy-grade materials for industrial users, and production of alternative raw materials (lime-bearing cement, ferrous slag) for the cement industry. Sold as substitutes for virgin raw materials.
4. Industrial Waste Management Services: Aeiforos manages industrial waste streams for client industries, including hazardous waste. Services include identification, packaging, labeling, transport, cross-border movement licensing, and export for clients such as SOVEL SA. Revenue generated through service fees and hazardous waste management contracts.
5. End-of-Life Vehicle (ELV) Recycling: Aeiforos operates a depollution, shredding, and materials recovery service for end-of-life vehicles. The company recovers metals, depollutes vehicles, and processes shredder residues, providing a complete ELV recycling solution.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Aeiforos manages and valorizes industrial by-products and wastes from steel mills, end-of-life vehicles, and other industries, converting them into CE-certified hard road aggregates from electric arc furnace slag, ferrous and non-ferrous recycled metals, alternative fuels, and secondary raw materials for the cement industry. The company also provides licensed industrial waste management services, including hazardous waste identification, packaging, transport, cross-border movement licensing, and export.

Product overview

Aeiforos is an industrial metal processing and recycling company that operates as a unified product portfolio focused on waste valorization and circular economy. The core offerings center around four main areas: (1) Aggregates and Construction Materials, producing hard aggregates from electric arc furnace slag for road construction and anti-skid surfaces; (2) Metal Recycling, recovering ferrous and non-ferrous metals from industrial by-products and end-of-life vehicles; (3) Fluff (ASR) Recycling, processing shredder residues with up to 95% recovery rates; and (4) Industrial Waste Management, handling hazardous and non-hazardous industrial wastes. The company also offers specialized services including catalytic converter processing, industrial facility dismantling, and alternative fuel production from residual materials. The subsidiary AEIFOROS BULGARIA SA extends operations to Bulgaria with similar aggregate and metal processing capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

• Aggregates and Construction Materials Hard aggregates produced from electric arc furnace (EAF) slag for road construction, including anti-skid surfaces for highways and infrastructure projects. Products are CE-certified to EN 13043, EN 13242, and EN 12620.
• Metal Recycling Collection, management, and recycling of ferrous and non-ferrous metal scrap including iron, steel, aluminum, copper, and brass from industrial by-products, end-of-life vehicles, manufacturing industries, and household appliances. Recovered metals are sold to steel mills and non-ferrous foundries as secondary raw materials.
• Fluff (ASR) Recycling Processing and recycling of shredder residues (Automotive Shredder Residue/ASR) from end-of-life vehicles, achieving up to 95% recycling and recovery rates through metal recovery and production of energy-grade materials. Pioneering 2012 investment described as globally innovative, addressing a waste stream banned from Greek landfills.
• Industrial Waste Management Services Management and valorization of industrial solid wastes, including dangerous hazardous wastes. Services cover identification, packaging, labeling, transport, cross-border movement licensing, and export for valorization. Operated under dangerous waste management license and cross-border waste transport license from the Ministry of Environment.
• Dismantling of Industrial Facilities Complete range of services for dismantling commercial and industrial facilities, including selective demolition and material recovery. Provides clients with compliant decommissioning and recovery of valuable materials from end-of-life industrial sites.
• Catalytic Converter Recycling Service Purchase of spent catalytic converters from car dismantlers and workshops for recycling and valuable metal recovery, including platinum group metals.

Quantifiable outcome

• Processed over 5,000,000 tonnes of steel by-products, metal residues, and industrial waste in 24 years of operation
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• HIYIELD Consortium PartnerscoreStrategic or Co-development Partner · 1 January 2022Aeiforos participates in the EU Horizon-funded HIYIELD project (2022-2025, budget €5.47M) alongside major European steelmakers and research institutions: Kungliga Tekniska Hoegskolan (KTH, coordinator), Ferriere Nord Spa, Compagnia Siderurgica Italiana SRL, Saarstahl AG, Theo Steil GmbH, Voestalpine Bohler Edelstahl GmbH & Co KG, and Minkon GmbH. The project aims to increase scrap uptake in European steelmaking through deep learning-based scrap identification, digital scrap tracking, and high-speed analysis technologies.
• CERTH (Centre for Research and Technology Hellas)coreStrategic or Co-development Partner · 1 January 2020CERTH is a Greek government research institute collaborating with Aeiforos on the REVIVAL project (RESEARCH-CREATE-INNOVATE program), focused on developing and optimizing ELV treatment processes including depollution, shredding, metal recovery, and fluff processing. Aeiforos provides industrial facilities and operational data; CERTH provides research expertise and standardization support.
• EVIPAR (Industrial By-Products Research and Development Association)minorStrategic or Co-development Partner · 1 January 2019Aeiforos is a founding member of EVIPAR, a Greek non-profit scientific association promoting the use of industrial by-products following circular economy principles. EVIPAR fosters collaboration between researchers and industries producing or utilizing by-products. Aeiforos co-organizes and sponsors annual EVIPAR conferences.
• SOVEL SAcoreStrategic or Co-development Partner · 1 January 2015SOVEL SA is the largest steel mill in Greece and Aeiforos's key raw material supplier. Aeiforos processes by-products from SOVEL's steel mill at the Almyros facility. Both companies cooperated on the export of 5,000 tonnes of EAF dust to Spain for zinc recovery — a project requiring complex hazardous waste licensing and cross-border coordination. The relationship is long-term and strategically integrated, with SOVEL providing captive feedstock and Aeiforos providing compliant waste management.
• Spanish Zinc Recovery PlantminorStrategic or Co-development Partner · 1 January 2015Aeiforos, in cooperation with SOVEL SA, organized the export of 5,000 tonnes of EAF dust to a zinc recovery facility in Spain. This partnership addresses the absence of domestic treatment options for this hazardous by-product in Greece, providing an environmentally compliant disposal route.
• AVAX GROUPcoreStrategic or Co-development Partner · 1 January 2012AVAX GROUP, one of Greece's largest construction groups, is a long-term customer for Aeiforos's hard anti-skid aggregates used in major infrastructure projects. Aeiforos supplied aggregates for the refurbishment of the PATHE motorway's longest bridge (600M), completed in December 2022. The relationship involves joint quality certification (EPD) and ongoing supply for road construction programs.
• ELOT (Hellenic Organization for Standardization)minorImplementation/ SI/ Consulting Partner · 1 January 2011ELOT collaborated with Aeiforos on the REVIVAL research project for standardization of ELV processing procedures and development of best-practice handbooks.
• STOMANA INDUSTRY SAcoreStrategic or Co-development Partner · 1 January 2004STOMANA INDUSTRY SA is a steel manufacturing company in Pernik, Bulgaria, within whose facilities Aeiforos Bulgaria operates. Aeiforos processes all solid wastes and by-products generated by STOMANA — including steelmaking slags, rolling mill slags, used refractory bricks, shredder residues, and scrap sorting residues — converting them into saleable products. This is a captive, vertically integrated relationship.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Emerging players

• Geocycle (Holcim Group): Holcim's waste management business specializing in co-processing of industrial waste in cement kilns — directly comparable to Aeiforos's alternative raw material production and industrial waste-to-cement pathway, and a potential downstream customer or competitor in alternative fuels.

Broad incumbents

• Boliden: Nordic metals and mining company with significant secondary smelting and electronic scrap recycling operations — comparable as an integrated metals recycler with by-product valorization capabilities, though broader in scope and publicly listed.
• Veolia Environmental Services: Global waste management and environmental services group with hazardous waste treatment, industrial services, and metal recovery operations; comparable as a broad incumbent in the same regulated waste value chain, though much larger and more diversified.
• Remondis: One of the largest privately-held recycling and waste management companies globally, operating hazardous waste services, scrap metal trading, and industrial by-product valorization — overlapping with Aeiforos across multiple service lines but at vastly greater scale and geographic reach.
• SUEZ (Waste Management Division): Major European environmental services group with hazardous waste collection, treatment, and metal recovery operations — broad incumbent peer providing regulatory and operational benchmarking for industrial waste management services.

Direct peers

• Kuusakoski: Finnish family-owned metal recycler operating ferrous and non-ferrous scrap processing, ELV recycling, and industrial by-product recovery — a close comparable as a privately-held, vertically integrated European industrial recycler of similar size and product mix.
• ELG Haniel: Specialist in stainless steel scrap and high-alloy metal recycling — a niche direct peer for Aeiforos's non-ferrous and specialty metal recovery activities, particularly for industrial by-products.
• Befesa: European leader in steel dust and salt slags recycling with EAF dust processing plants — directly comparable to Aeiforos's hazardous industrial waste and slag valorization activities, though at significantly larger scale across multiple geographies.
• TSR Recycling (Remondis subsidiary): European metal scrap recycler operating shredders, scrap yards, and ELV depollution facilities across multiple countries — comparable in core scrap metal and ELV recycling activities to Aeiforos's Thessaloniki and Almyros operations.
• ANAMET SA: Greek non-ferrous metals recycler and Aeiforos's joint recipient of the 2013 DEI Environmental Award for integrated ELV recycling — a directly comparable Greek domestic peer in metal recovery and shredder residue processing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

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Compliance13 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

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 Aeiforos