# ELVAL invests €150M in TANDEM aluminum hot rolling mill in Oinofyta

ELVAL, the aluminum rolling division of ELVALHALCOR, announced a €150 million investment in a new four-stand TANDEM aluminum hot finishing mill at its Oinofyta plant in Greece, which will triple production capacity and target automotive and aerospace markets.

- Type: Investment
- Announced: 2020-07-15
- Where: Oinofyta, Greece
- Status: announced
- Products: aluminum hot rolled coils
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [ELVAL](https://endata.com/companies/48729.md)
- [ElvalHalcor](https://endata.com/companies/30069.md) (partner)

## Sources

- [halcor.com](https://halcor.com/news/presentation-event-of-the-tandem-four-stand-aluminum-hot-finishing-mill-held-in-the-presence-of-the-prime-minister-the-new-strategic-investment-that-places-elval-at-the-top-of-the-global-aluminum-roll/), 2020-07-21: "This new strategic investment of ELVAL in the most modern hot rolling mechanical equipment in the world today, places the Greek aluminum industry at the very forefront of the industry globally."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.