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In 2012, the company experienced a dramatic downfall in production, with sales falling 70.62%. In 2012, the firm owed financial institutions over €1 billion. In
February 2014, following a drastic drop in the demand for steel in Greece, and high energy costs, the company halted steel production, and
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In 2015, the company permanently ceased production, but continued to operate for the sake of its employees. In a 2018 interview with the head of the worker's union president, he stated that he had not seen the company's owner, Konstantinos
Angelopoulos, in two years. By 2018, the union stated that
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the firm employed 170 workers, who worked three days a week, down from an estimated 600 to 700 workers in 2006. As of 2018, Halyvourgiki was more than €400 million in debt to private banks and the Greek public sector, and was unable to service its debt since 2016.
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Halyvourgiki faced serious economic problems during the economic crisis of the late 1980s and early 1990s in Greece, but managed to survive following a modernization program, which involved adding new products and technologies to the company.
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Halyvourgiki
Hellenic Steel Industry S.A. was established in 1925 as a trading company. It moved into wire production in 1932, and steel production in 1938.
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lead to a huge increase in demand for steel. During the 1960s and 1970s, the firm was the only vertically-integrated steelmaker in Greece.
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330:"Χαλυβουργική: "Είδαμε τον Κ. Αγγελόπουλο, εισπράξαμε μόνο σιωπή" - Τι αποκαλύπτει ο Πρόεδρος του Σωματείου Εργαζομένων"
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in 1953. The following years were its "golden age", as a construction boom connected with the
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suspended 200 of its remaining 263 workers. Prior to that, 148 workers voluntarily retired.
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424:"Halyvourgiki steel producer grinds to a halt | Kathimerini"
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292:"Greek Steel Giant Xalyvourgiki Shuts Down After 83 Years"
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227:Production was modernized and expanded after
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365:"Greek Steelworks Suspends 95% of Employees"
206:Χαλυβουργική–Ελληνική Βιομηχανία Χαλκού Α.Ε.
19:Χαλυβουργική–Ελληνική Βιομηχανία Χαλκού Α.Ε.
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487:Manufacturing companies established in 1925
17:Halyvourgiki–Hellenic Steel Industry S.A.
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482:Defunct manufacturing companies of Greece
208:) was one of the main steel producers in
198:Halyvourgiki Hellenic Steel Industry S.A.
275:Kathimerini newspaper, 5 December 2006.
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502:Greek companies established in 1925
363:Menzel, Konstantinos (2014-02-13).
290:Chrysopoulos, Philip (2018-12-18).
399:"Greek steelworks face extinction"
273:Η Ελληνική Χαλυβουργία γιγαντώθηκε
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492:2020 disestablishments in Greece
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377:from the original on 2015-11-03
340:from the original on 2019-02-28
304:from the original on 2019-09-01
212:, and the second largest after
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477:Steel companies of Greece
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459:Official company website
336:(in Greek). 2018-11-28.
237:Greek economic miracle
158:Number of employees
121:Giorgos Skindilias
107:Giorgos Varoufakis
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454:(in English)
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405:. 2014-02-24
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229:World War II
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139:Construction
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84:Headquarters
61:Angelopoulos
33:Company type
428:Kathimerini
403:Neos Kosmos
57:Predecessor
471:Categories
462:(in Greek)
433:2020-11-09
409:2020-11-09
381:2020-11-09
344:2020-11-09
308:2020-11-09
260:References
103:Key people
147:Aluminium
112:Executive
375:Archived
338:Archived
334:mononews
302:Archived
247:Downfall
233:Elefsina
214:Viohalko
162:600-700
135:Products
115:Chairman
43:Industry
220:History
180:Website
76:Defunct
68:Founded
210:Greece
174:(2018)
169:(2012)
164:(2006)
143:Copper
95:Greece
89:Athens
63:family
47:Metals
202:Greek
151:Steel
189:.com
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167:263
79:2020
71:1925
185:www
126:CEO
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