What Elval does

Elval is the aluminium rolling division of ElvalHalcor SA (ELHA:ATH), a publicly listed company on the Athens Stock Exchange since February 2018, and a subsidiary of the Viohalco industrial group. Founded in 1973, Elval is the only Greek producer of flat rolled aluminium products, operating 14-15 state-of-the-art production plants with more than 50 years of rolling and recycling expertise. Its manufacturing footprint includes a four-stand tandem hot finishing mill and an in-house Technology Centre, supported by subsidiaries Bridgnorth Aluminium (UK), Symetal, and Etem.

Elval produces flat rolled aluminium products for diverse end markets including automotive (Ford, for which it received the 2026 Supplier of the Year award), defence (Naval Group FDI HN frigates), shipbuilding (Baleària LNG ferries, Armon Shipyard), packaging, construction, and infrastructure (Zhengzhou Airport, Qatar World Championship Stadium). The company exports approximately 80% of production to over 60 countries, with a commercial network spanning more than 90 countries. AI/ML is integrated across the production value chain, including recycling, casting, rolling, and quality control, through a partnership with SMS Group deploying the Viridis Energy and Sustainability Suite.

Elval's business model is B2B industrial manufacturing, selling flat rolled aluminium to OEMs and tier-one suppliers across automotive, defence, packaging, and construction. Revenue is generated through volume-based sales of certified aluminium products, with pricing linked to LME aluminium benchmarks plus processing premiums. The company has invested EUR 800 million over the last decade in capacity and sustainability, secured EUR 75 million in EIB financing (April 2022), and holds ASI Performance Standard, ASI Chain of Custody, AS9100, ISO 45001, ISO/TS 16949, and EcoVadis Gold certifications.

Name

Elval

Legal name

ELVALHALCOR HELLENIC COPPER AND ALUMINIUM INDUSTRY S.A.

Website

https://elval.com

Company type

Public

Founded year

1973

Operating status

Operating

Short description

Elval is the aluminium rolling division of ElvalHalcor SA and the only Greek producer of flat rolled aluminium products. Operating 14-15 plants and exporting 80% of output to 60+ countries, it serves automotive, defence, shipbuilding, packaging, and construction OEMs across 90+ countries.

Ownership category

akta.pro rank

Product category

Flat Rolled Aluminium Manufacturing

NAICS

Aluminum Sheet, Plate, and Foil Manufacturing (331315), Other Aluminum Rolling, Drawing, and Extruding (331318), Secondary Smelting and Alloying of Aluminum (331314)

SIC

Primary Production Of Aluminum (3334)

akta.pro primary industry

Aluminum Rolling (Flat-Rolled Products: Sheet, Plate, Foil) (IMAKACAF)

akta.pro secondary industries

Aluminum Fabrication & Finishing (Machining, Anodizing, Coating) (IMAKACAI), Aluminum Value-Added Components (Automotive, Aerospace, Packaging, Building Systems) (IMAKACAM)

Keywords

• Flat rolled aluminium
• Aluminium rolling
• Aluminium packaging
• Automotive aluminium
• HVAC aluminium

Headquarters

HQ city

Oinofyta

HQ country

Greece

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure

Revenue model

1. Flat Rolled Aluminium Products: Elval generates revenue through the manufacture and sale of flat rolled aluminium products across diverse market segments including packaging, transportation, automotive, HVAC, building and construction, defence, energy, and industrial applications.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Elval manufactures and sells flat rolled aluminium products for various industrial end-markets. It is the aluminium rolling division of ElvalHalcor SA, a publicly listed company on the Athens Stock Exchange.

Product overview

Elval is the aluminium rolling division of ElvalHalcor SA, operating as a single unified manufacturing business with multiple subsidiary brands and product lines. The core offering is flat rolled aluminium products, supplemented by coated aluminium (Elval Colour), packaging foils (Symetal), architectural systems (Etem), and UK specialty production (Bridgnorth Aluminium). The product portfolio spans packaging, transportation/automotive, HVAC, building & construction, defence, energy, and industrial applications, with custom-made solutions tailored to customer specifications across 90+ countries.

Differentiator

Problem solved

Functional benefit

Brands

• Elval Grain: Innovative aluminium grain product that won the top innovation prize in the Greece Innovates competition.
• Elval Colour
• Elval ENF
• CANAL

Quantifiable outcome

• Elval committed that by 2030, at least 10% of annual primary aluminium purchases will be low carbon (3 tons CO2 per ton with 80% less emissions than global industry average)
• +2 more outcomes

Named customers9 records

Segments7 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature4 records

Partnerships

17 partnerships are on record, tiered core and minor.

• Armon Shipyard (Astilleros Armon)coreStrategic or Co-development Partner · 18 December 2025Long-standing partnership with one of Europe's most respected shipbuilders. Built Mercedes Pinto and Margarita Salas LNG fast ferries using Elval's flat-rolled aluminium. Specialising in high-performance vessels including ferries, offshore support ships, and fishing vessels.
• BaleàriacoreStrategic or Co-development Partner · 18 December 2025Leading Spanish shipping company for which Elval supplied aluminium for LNG fast ferry Mercedes Pinto and sister ship Margarita Salas. Baleària is international reference in natural gas as marine fuel.
• DYPA (Public Employment Service)coreStrategic or Co-development Partner · 5 December 2025Partnership memorandum for paid apprenticeships in modern industrial environment at Elval's Oinofyta facility. Cooperation with DYPA's Apprenticeship Vocational School (EPAS) in Chalkida for 'Machine Tool Technician (CNC)' specialty training programme.
• MevacocoreStrategic or Co-development Partner · 15 September 2025Elval supplies high-quality aluminium sheets and plates to Mevaco for construction of next-generation naval ships by Naval Group, including the FDI HN frigate program for the Hellenic Navy. Mevaco is a key partner and major supplier of mechanical systems and metallurgical equipment to Naval Group.
• Naval GroupcoreStrategic or Co-development Partner · 15 September 2025European leading defence contractor for FDI HN frigate program. Elval supplies aluminium products for naval ship construction through partnership with Mevaco.
• Bodossaki FoundationcoreStrategic or Co-development Partner · 12 June 2025ElvalHalcor and Cenergy Holdings support Bodossaki Foundation's 'Experience Science' programme equipping natural science laboratories in 17 public schools across Voiotia, Evia and Ioannina, benefiting 3,260+ students. Part of 'By Your Side with Value' corporate responsibility programme.
• Cenergy HoldingscoreStrategic or Co-development Partner · 12 June 2025Joint support for Bodossaki Foundation's Experience Science programme. Cenergy Holdings is a Belgian holding company investing in Corinth Pipeworks and Hellenic Cables.
• PAN.E.K.F.E. (Panhellenic Association of Heads of Natural Science Centres)minorStrategic or Co-development Partner · 12 June 2025Collaborating with Bodossaki Foundation for implementation of Experience Science programme in public schools.
• AIESEC GreeceminorStrategic or Co-development Partner · 26 March 2025Collaboration for 'Principles of Effective Communication' workshop with 100 students. Part of Future.Forward - Grow Together 2025 initiative for skills development.
• SMS GroupcoreTechnology or Integration · 7 July 2024Implementation of Viridis Energy & Sustainability Suite for smart, energy-efficient, and sustainable industrial operations in the aluminium rolling division.
• World Economic Forum First Movers CoalitioncoreStrategic or Co-development Partner · 3 July 2024Elval joined FMC pledging that by 2030, at least 10% of annual primary aluminium purchases will be low carbon (3 tons CO2 per ton with 80% less emissions than global industry average). Send market demand signal for decarbonization technologies.
• Global Beverage Can Circularity Alliance (GBCCA)minorStrategic or Co-development Partner · 1 January 2024Participated in Climate Week NYC panel on aluminium can recycling. Working on recycling infrastructure improvement and policy recommendations for Deposit Return Schemes.
• European Aluminium Packaging Group (EAPG)minorStrategic or Co-development Partner · 1 January 2024Joint project with EAPG members to standardize alloys used in can lids to increase scrap content and boost circularity.
• UACJ CorporationcoreStrategic or Co-development Partner · 12 January 2017Established new European company to sell automotive heat exchanger materials. Japanese aluminium company partnership for automotive market expansion.
• Viohalco (Parent Company)coreOthersElval is the aluminium rolling division of ElvalHalcor, which is part of Viohalco group of companies. Viohalco contributed 1,000,000 euro for fire restoration projects including 500,000 euro from ElvalHalcor.
• Aluminium Stewardship Initiative (ASI)coreStrategic or Co-development PartnerMember of ASI - global non-profit organization setting standards for sustainable development and certifying production facilities throughout aluminium supply chain. Elval certified to ASI Performance Standard and Chain of Custody Standard.
• Laiko HospitalminorStrategic or Co-development PartnerCooperates with Laiko Hospital for voluntary blood donation programmes. Seven blood donation programmes scheduled annually at Elval's facilities with blood bank established since 2005.

Scale indicators7 records

Recent moves7 records

Expansion highlights8 records

Direct peers

• Speira (formerly Hydro Rolled Products): Speira is a German aluminium rolling mill with plants in Germany and Belgium, producing flat-rolled products for automotive, beverage can and industrial customers. It is one of Elval's main European flat-rolled aluminium competitors following its 2024 carve-out from Norsk Hydro.
• Constellium: Constellium is a Paris-based global leader in flat-rolled aluminium products, serving aerospace, automotive, and packaging end-markets with rolling, extruding and finishing operations. It is the closest direct competitor to Elval across packaging, automotive and industrial sheet/foil.
• AMAG Austria Metall AG: AMAG Austria Metall is an Austrian flat-rolled aluminium producer integrated with casthouse and remelting, producing cast slabs, sheet and plate for automotive, aerospace, packaging and lighting. The product portfolio and European footprint directly overlap Elval's flat-rolled and casting capabilities.
• Novelis (Hindalco Industries subsidiary): Novelis is the world's largest producer of flat-rolled aluminium and aluminium recycling, with automotive (sheet) and beverage can packaging as core segments. It directly competes with Elval in automotive aluminium sheet and aluminium can stock, including its recent emphasis on low-carbon and recycled-content products.
• Gränges AB: Gränges is a Swedish specialist in rolled aluminium heat-exchanger and brazed materials, operating plants in Europe, Asia and the Americas. It is the most direct competitor to Elval in automotive HVAC heat-exchanger strip and rolled aluminium for specialised industrial applications.
• UACJ Corporation: UACJ is a Japanese flat-rolled aluminium manufacturer and Elval's joint-venture partner in the European automotive heat-exchanger materials company. The two firms co-market automotive HVAC and heat-exchanger stock, making UACJ both a competitor in flat-rolled aluminium and a structural alliance partner.
• Norsk Hydro: Norsk Hydro is an integrated Norwegian aluminium producer with rolled products (formerly Hydro Rolled Products, rebranded as Speira in 2024) serving automotive, packaging and lithography markets. Hydro's flat-rolled business and Elval both target European automotive structures and beverage can sheet with a focus on low-carbon primary aluminium.

Broad incumbents

• Alcoa Corporation: Alcoa is one of the world's largest primary aluminium producers with downstream flat-rolled operations. Although its core activity is primary smelting and bauxite/alumina, its rolled and extruded products overlap Elval's flat-rolled portfolio and compete in aerospace, automotive and packaging.
• Howmet Aerospace (formerly Arconic Inc.): Howmet Aerospace, the successor to Arconic, produces aluminium and titanium rolled products for aerospace and industrial markets. While heavily skewed to aerospace structures, it competes with Elval in flat-rolled aluminium for defence and aerospace markets, an area where Elval holds AS9100 certification.

Others

• Symetal (wholly-owned Elval subsidiary) and Etem (subsidiary): Symetal (aluminium packaging foils) and Etem (architectural aluminium systems) are wholly-owned subsidiaries of Elval that operate within the broader flat-rolled and architectural aluminium space. Included here for completeness as part of ElvalHalcor's extended aluminium segment; not external peers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/elval

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries3 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 Elval