METLEN Inaugurates New Production Facility, Enhancing European Defense Industry Capabilities

METLEN's New Chapter in Defense Production

On June 25, 2026, METLEN (LSE: MTLN), a prominent player in the global energy and metallurgical sectors, celebrated the opening of its fourth production facility at the M Technologies hub in Volos, Greece. This landmark event signifies not just an expansion for METLEN but a transformative moment for the Greek and European defense industries.

In the presence of key government officials, including Greece’s Minister of National Defense, Nikos Dendias, and Minister of Development, Takis Theodorikakos, METLEN's Executive Chairman, Evangelos Mytilineos, emphasized the strategic importance of this facility in bolstering national sovereignty and enhancing collective European security.

This modern facility aims to create a vertically integrated ecosystem within the defense sector, drawing upon METLEN's 25 years of expertise. Spanning an impressive 100,000 square meters, the complex comprises multiple units focused on raw material processing, manufacturing, assembly, and operational support for complex defense applications. The comprehensive setup aims to ensure efficiency, reliability, and a swift response to the evolving demands of modern warfare.

In his address, Mytilineos highlighted the growing geopolitical challenges that Greece, Europe, and the world face. He noted the urgent need for countries to be better equipped and more independent in safeguarding their national interests. This facility not only enhances METLEN's capabilities but also represents a strategic pivot towards a robust defense industrial base capable of meeting both domestic and international needs.

The inauguration aligns with METLEN’s commitment to a plan that was first announced during the Capital Markets Day in April 2025, outlining a progressive approach to its defense operations. With this new unit now fully operational, METLEN will continue to strengthen its presence in the defense sector, supporting local industry and enhancing the national defense framework.

Moreover, as Europe's geopolitical landscape becomes increasingly complex, the establishment of such facilities is essential to developing a resilient defense chain across the continent. Greece, leveraging its industrial strengths and expertise, positions itself as a reliable partner in these new European defense value chains.

Following its listing on the London Stock Exchange and with a strong performance indicated by its 2025 financial results—total revenues reaching €7.11 billion and a net profit of €314 million—METLEN continues to drive innovation and sustainability in its operations. Recognized for its competitive