Mytilineos SA: Settlement with PPC – The historic “Aluminum of Greece” turns into a inexperienced business

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Athens, Greece – July 21, 2021 – MYTILINEOS (RIC: MYTr.AT, Bloomberg: MYTIL.GA, ADR: MYTHY US) announces the signing of the agreement with PPC to supply power to the Metallurgy Business Unit’s ‘Aluminum of Greece’ industrial unit.

This agreement seals the excellent cooperation of the two leading companies and their commitment to competitive electricity costs for energy-intensive industries as part of national industrial policy to ensure the competitiveness of Greek companies for the benefit of the national economy.

This will be the last contract for the two companies after 60 years of uninterrupted cooperation, as MYTILINEOS has committed, as part of its strategy for sustainable development, to reduce emissions in all of its activities by 30% by 2030 and climate neutrality by 2050. In particular MYTILINEOS aims to set a green signal for the metallurgy division by undertaking to reduce absolute CO2 emissions by 65% ​​and relative CO2 emissions (per ton of aluminum produced) by 75%. By 2030, Aluminum of Greece will meet all of its electricity needs from renewable energies.

After the contract has been signed, the Chairman and CEO of MYTILINEOS, Ev. Mytilineos stated: ‘Today we are signing our last contract with PPC. A collaboration that seals the recent industrial history of Greece will be concluded in the most appropriate way for both PPC and MYTILINEOS. For us, after 2023, a new era begins for the historic ‘Aluminum of Greece’ factory: a green and sustainable era, at the forefront of the national climate targets and the European Green Deal ‘.

The contract period was set for the period July 1st, 2021 – December 31st, 23rd.

For more information about MYTILINEOS SA, please contact:

MS. Antigoni Fakou: MYTILINEOS press office, Tel. 210-6877346 | Fax 210-6877400 | Email: Antigoni.Fakou@mytilineos.gr.

MYTILINEOS:

MYTILINEOS SA is a leading Greek branch of industry operating in the fields of metallurgy, electricity & gas, renewable energies & storage and sustainable engineering solutions. Founded in Greece in 1990, the company is listed on the Athens Stock Exchange, has a consolidated turnover of 1.9 billion euros and directly or indirectly employs more than 3,850 people in Greece and abroad.

For more information, please visit: www.mytilineos.gr | Facebook | Twitter | Youtube | LinkedIn

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Disclaimer of liability

Mytilineos Holdings SA published this content on July 21, 2021 and is solely responsible for the information contained therein. Distributed by public, unedited and unchanged, on July 21, 2021 8:04:14 AM UTC.