Halyvourgiki Hellenic Steel Industry S.A.
|Traded as||Athex: XALY|
|Giorgos Angelopoulos (Executive Chairman)
Panagiotis Angelopoulos (Executive Vice Chairman)
|Revenue||€1.958 billion (2013)|
|Total assets||€1.560 billion (end 2013)|
|Total equity||€1.033 billion (end 2013)|
Number of employees
|2.910 (end 2013)|
Halyvourgiki Hellenic Steel Industry S.A. (Greek: Χαλυβουργική–Ελληνική Βιομηχανία Χαλκού Α.Ε) has historically been one of the main steel producers in Greece and the second largest after Viohalko. It effectively started business in 1925 as a trading company, moving into wire production in 1932 and steel production in 1938.
Production was modernized and expanded after World War II, with the company moving production into a new factory in Elefsina in 1953. The following years were its "golden age", as a construction boom connected with the Greek economic miracle lead to a huge increase in demand for steel.
Halyvourgiki faced serious economic problems during the economic crisis of the late 1980s and early 1990s in Greece, but has managed to survive following through a modernization program, involving new products and technologies. Its huge, brightly colored facilities have almost become a landmark of the Elefsina area.