Construction of new industrial unit and strengthening of defense sector
MEVACO is strengthening its defence systems manufacturing segment. As noted by the management of the listed company, both the construction of a new standalone industrial facility—with a total surface area of approximately 6,500 sq.m. on company-owned land adjacent to its existing production premises in Aspropyrgos, Attica—and the procurement of new mechanical equipment are currently underway.
The total budgeted value of the investment amounts to approximately 10 million euros. The project will be financed through a combination of the company’s own funds and external financing and is expected to be completed by the end of 2027. It is noted that the building permit was issued in March 2026 and excavation works have already commenced. This investment is aligned with the company’s broader strategic plan for the targeted upgrading and expansion of its production capacity in the defence manufacturing sector and aims at further strengthening and expanding its presence in this segment in order to capitalise on its growth prospects.
Based on signed agreements in the defence sector, MEVACO’s total backlog vis-à-vis INTRACOM DEFENSE amounted to approximately 18.04 million euros. Furthermore, within the framework of its cooperation with the French company NAVAL GROUP and the concluded framework agreement for the manufacture of metal equipment for BELHARRA frigates, orders of approximately 4.38 million euros have already been received, of which approximately 0.48 million remained in backlog as at 31 December 2025.
The framework agreement has an initial duration of five (5) years and governs all orders placed by the French company.
MEVACO is an industrial company engaged in the production of metal products, operating in the sheet metal processing and metal structures sector. At the same time, it maintains a leading position in the Greek market for the manufacture of mounting structures for photovoltaic parks, while also having a significant international presence, having delivered projects with a total capacity exceeding 4.5 GWp (gigawatts), covering the needs of more than one million households.
2026 outlook
According to management, the company’s prospects and overall trajectory for the current financial year 2026 (01.01.2026 – 31.12.2026) are initially positive, despite the marked deterioration in the international environment since the beginning of the year, driven by geopolitical tensions and the resulting instability in the global landscape. Under these conditions, MEVACO is seeking to identify new, profitable areas of activity, particularly in international markets, which constitute a key priority for the company, with the aim of further improving profit margins.
The company also intends to pursue a more aggressive strategy in bidding for projects abroad, in order to further increase its degree of extroversion by leveraging its experience and technical expertise. In addition, it aims to secure new agreements and develop new partnerships with international firms, with a view to maintaining and further enhancing its export-oriented profile, as well as expanding into new business areas capable of absorbing a significant portion of its production capacity in the coming years.
