Viohalco
Encyclopedia
Viohalco S.A. a heavy industry corporation, was established in 1937, made its debut on the Athens Stock Exchange in 1947 and is included in the FTSE/Athex 20
stock exchange index. The company is composed of tens of different companies active in the metal production, steel and aluminum trade. Its president, Nikos Stasinopoulos, is one of the richest businessmen in Greece. The magnitude of this corporation is visible in the fact that 7 percent of Greek
exports are made by it. Viohalco’s overall sales for 2006 came to around 2.5 billion euros, with profits of 298 million euros - a 68 percent increase from the previous year (sales-and-profits from January–September 2006).
Viohalco has heavily invested in Romania, Bulgaria and the UK, and recently achieved a major deal in steel manufacturing with a US-based company. Among the company’s publicly stated plans are the development of operations in Russia
and Serbia
and the construction of an energy plant in mainland Greece
by early 2010. Viohalco is a large land owner in Greece
and in the Balkans
. There has been talk of the eventual creation of a real estate division or company by Viohalco.
FTSE/Athex 20
The FTSE/Athex 20 is the index of the twenty largest companies on the Athens Stock Exchange.-References:*...
stock exchange index. The company is composed of tens of different companies active in the metal production, steel and aluminum trade. Its president, Nikos Stasinopoulos, is one of the richest businessmen in Greece. The magnitude of this corporation is visible in the fact that 7 percent of Greek
Economy of Greece
The economy of Greece is the 32nd largest in the world by nominal gross domestic product and the 37th largest at purchasing power parity , according to data by the World Bank for the year 2010...
exports are made by it. Viohalco’s overall sales for 2006 came to around 2.5 billion euros, with profits of 298 million euros - a 68 percent increase from the previous year (sales-and-profits from January–September 2006).
Viohalco has heavily invested in Romania, Bulgaria and the UK, and recently achieved a major deal in steel manufacturing with a US-based company. Among the company’s publicly stated plans are the development of operations in Russia
Russia
Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...
and Serbia
Serbia
Serbia , officially the Republic of Serbia , is a landlocked country located at the crossroads of Central and Southeast Europe, covering the southern part of the Carpathian basin and the central part of the Balkans...
and the construction of an energy plant in mainland Greece
Greece
Greece , officially the Hellenic Republic , and historically Hellas or the Republic of Greece in English, is a country in southeastern Europe....
by early 2010. Viohalco is a large land owner in Greece
Greece
Greece , officially the Hellenic Republic , and historically Hellas or the Republic of Greece in English, is a country in southeastern Europe....
and in the Balkans
Balkans
The Balkans is a geopolitical and cultural region of southeastern Europe...
. There has been talk of the eventual creation of a real estate division or company by Viohalco.