FID approved for 4th defence equipment plant,Volos

Summary by AI BETAClose X

METLEN Energy & Metals PLC has approved the final investment decision for its fourth high-tech defence equipment plant in Volos, Greece. This new unit, part of the METLEN Technologies Hub, will cover over 10,000 sq.m. and include five heavy machining tools, enhancing Greece's and Europe's defence capabilities. The total investment is approximately €50 million, covering construction, equipment procurement, and specialized training. Operations are expected to commence in the first half of 2027, creating between 200 and 250 new jobs in the Volos region. The plant will have production capacity for Leopard 2A8 battle tanks.

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