During the 1860s, in addition to ship building, it produced steam engines, boilers, pumps, and heavy cannons.

In 1898, the name "Neorion" (an Ancient Greek word indicating a port facility for ship repair and construction) was adopted.

During the second half of the 19th century, it was one of the most important Greek heavy industries, at times second only to the Basileiades machine works in Piraeus.

Other Neorion products included a variety of machinery (some of it exported), engine parts, and specialized metal constructions for the Greek industry.

", headquartered in Piraeus, and production of the cars (which had been designed in the UK by British and Greek engineers) was transferred to Syros.