Alro And Azeraluminium Ink Memo Of Understanding

Alro And Azeraluminium Ink Memo Of Understanding

Romanian aluminium smelter Alro S.A. signed a memorandum of understanding this week with Azerbaijan state-owned firm Azeraluminium to cooperate on enhancing technical and economic capacities.

The agreement specifically lined out the possibility of Alro supplying baked anodes and alumina to Azeraluminium on a two-to-five-year agreement. Also discussed was establishing a mechanism for processing continuous casting coils in Romania from Azeraluminium as well as marketing and selling the same.

Marian NĂSTASE, Chairman of ALRO’s Board of Directors, said in a press release that the two firms have many opportunities for positive collaboration.

“In a very challenging international aluminium environment, we understand the value of strong partnerships, aimed at finding synergies between the involved parties, helping them to preserve and, potentially, expand their businesses. This is, basically, the role of the Memorandum of Understanding we signed with Azeraluminium. And we are pleased to have found significant fields that have a good potential to support both our production facilities. Together we will explore solutions to use our expertise and production chain to supply raw materials to the Azer party, but also seek solutions to develop a gas fired power plant on ALRO platform.”

Maksim Javadov, CEO of Azeraluminium LLC, elaborated upon the intent of the new memorandum of understanding.

“The signing of this MoU between Azeraluminium and ALRO aims to foster a potential, mutually beneficial relationship, with a focus on raw material supply, sales of aluminum products, and energy production.”

“With ALRO we have found a like-minded partner who shares our values and aspirations,” continued Javadov. “At Azeraluminium, we firmly believe that collaboration is the key to achieving results, and this partnership with ALRO represents a significant step forward in our strategic growth plans, opening up a multitude of possibilities for synergies and shared successes. We express our gratitude to all stakeholders involved in making this partnership a reality. We look forward to a fruitful and enduring relationship with ALRO as we embark on this journey together.”