{"id":2711,"date":"2026-04-27T12:02:00","date_gmt":"2026-04-27T09:02:00","guid":{"rendered":"https:\/\/en.tomanifesto.gr\/?p=2711"},"modified":"2026-04-27T12:02:00","modified_gmt":"2026-04-27T09:02:00","slug":"onex-aims-to-restore-greece-to-a-position-of-strong-industrial-production","status":"publish","type":"post","link":"https:\/\/en.tomanifesto.gr\/?p=2711","title":{"rendered":"ONEX aims to restore Greece to a position of strong industrial production"},"content":{"rendered":"

The President and CEO of the ONEX <\/strong>Shipyards & Technologies Group and Chairman of the Hellenic Shipyards Association, Mr. Panos Xenokostas<\/strong>, participated in the Economic Forum Delphi 2026.<\/strong><\/p>\n

In<\/strong> the context of the “Energy & Infrastructure” dialogue, and presenting the Group’s vision for the renaissance of the Greek shipbuilding industry, Mr. Xenokostas developed the Group’s new, three-dimensional strategy to the journalist Minas Tsampopoulos and announced revised targets reflecting its dynamic growth.<\/p>\n

From shipyards to heavy industry: a triple growth axis<\/h3>\n

Xenokostas presented the Group’s transformation around three strategic pillars: <\/p>\n

\u25b8 Shipbuilding & Ship Repair<\/b>: The Group has exceeded 890 shipyards, with a target to reach 1,000 ships by the end of 2026. At the same time, a full tug production line is operating with 20 vessels under construction. <\/p>\n

\u25b8 Combined Transport & Port Infrastructure:<\/b> Development of private port infrastructure in Elefsina with a current area of ~700 acres and a target of 1,300+ acres. In 2026, permitting is expected to be completed, and in a few months the railway station within the site will connect the piers to the national network, creating integrated intermodal routes to Europe. <\/p>\n

\u25b8 Energy, Defence & Technology: <\/b>Strategic partnerships with Hanwha Power Systems and Hanwha Ocean introduce LNG technology and defense applications, turning the yards into the gatekeepers of our country’s energy independence. <\/p>\n

Assets 1.5 billion – New target of 5 billion in 2030<\/h3>\n

Xenokostas announced that the Group has prematurely surpassed its initial valuation target:<\/b> the Group’s assets now amount to over 1.5 billion euros, compared to the target of 1 billion euros set for the end of 2026. The valuation was carried out by one of the Big 4 accounting firms. Based on these dynamics, the new target is set at EUR 5 billion by 2030, with an investment plan of EUR 1.1 billion, combined with low leverage that provides operational flexibility. <\/p>\n

Port of Elefsina: a corridor connecting the Mediterranean with Europe<\/h3>\n

In response to assessments of competition with Piraeus, Mr. Xenokostas was categorical: <\/p>\n

“What we are creating in Elefsina is an alternative route for goods.<\/b> It is neither complementary to Piraeus nor competitive, it is something more, which goes beyond the borders of the country. It is a corridor that will connect the Mediterranean with mainland Greece and the rest of Europe, in dual use.<\/b>“<\/p>\n

The development of the port is part of a wider strategic plan to create a network of alternative port routes in the region. For sceptics, Xenokostas had an answer: “Those without imagination die of surprise<\/b>“, referring to the same scepticism that ONEX faced when it announced the shipyard regeneration. <\/p>\n

Towboats, shipping and rail: an integrated ecosystem<\/h3>\n

The discussion also analysed: <\/p>\n

\u25b8 MEGA Tugs<\/b>: We have established ONEX Shipping which is now becoming SpinOut and we already have the first order from MEGATUGS for 20 tugs. We have started a \u20ac200 million production line on our own, turning the Group into a manufacturer and shipowner at the same time. <\/p>\n

\u25b8 Coastal<\/b>: The vision of building the first coastal ships at ONEX shipyards is being actively discussed as part of the 10-year partnership with Attica Group. <\/p>\n

\u25b8 ONEX RSIS – Rail<\/b>: Entering the rolling stock sector is not a stand-alone business move, but the natural extension of the intermodal vision: on-site rails, pier – rail – Europe connection and “Made in Greece” train manufacturing. <\/p>\n

Greek shipowners and human capital<\/h3>\n

Special reference was made to support for Greek shipping: <\/b>81% of the repairs in Elefsina and 79% in Neorio Syros involve Greek shipowners, proof that trust is won by results and not by appeals to patriotism. <\/p>\n

Reference was also made to the craftsman schools operating at both shipyards<\/b>: the first 35 graduates were absorbed immediately. “We need to make shipyards fashionable again,” Xenokostas said, noting that these are well-paid jobs with prospects. <\/p>\n

Greece as a transatlantic hub<\/h3>\n

In the context of the partnership with US-based DFC, Xenokostas confirmed that the group is running 50% faster in achieving the agreed targets, while the relationship is “growing and deepening”. The three-dimensional alliance between Greece, the US and South Korea (<\/b>Hanwha, DFC, SSRST)is transforming Greece into a transatlantic hub connecting Asia, Europe and the Americas. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

The Chairman and CEO of the ONEX Shipyards Group. Technologies Group and president of the Hellenic Shipyards Association, …<\/p>\n","protected":false},"author":1,"featured_media":2712,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-2711","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"acf":[],"_links":{"self":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/posts\/2711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2711"}],"version-history":[{"count":0,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/posts\/2711\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=\/wp\/v2\/media\/2712"}],"wp:attachment":[{"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.tomanifesto.gr\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}