Alro SA

High Power Prices Tank First Half Financial Results For Alro Slatina

High Power Prices Tank First Half Financial Results For Alro Slatina

Despite increased sales over the period, Romanian aluminium company Alro SA (Alro Slatina) posted steep drop in profits for the first quarter of 2021 as reflected in the financial results released earlier this week. The aluminium smelter showed consolidated sales for the...

Events

Alro Slatina Receives US$25 Million In Funding For Sustainable Alumina Refining Equipment

Romanian aluminium company Alro SA’s (Alro Slatina) alumina-refining operation Alum Tulcea announced last week the receipt of a US$25 million finance agreement with Black Sea Trade and Development Bank (BSTDB) and Garanti Bank Romania to invest in shrinking the company’s carbon footprint. Per domestic media, BSTDB is footing the lion’s share of the financing with […]

Vimetco Plans Public Offering of Alro Stock

Romanian metals company Vimetco N.V. and compatriot national gas firm Conef-Gaz announced on Monday that it plans a public offering of aluminium producer Alro SA (Alro Slatina). Few details were available in the domestic press, but Alro’s general manager Gheorghe Dobra took to the record to say that the move is meant to help the […]

Alro Sees 39% Jump in Q1 Net Profits Thanks to Rise in Aluminium Prices

Romanian aluminium company Alro SA (Alro Slatina) released first-quarter financials earlier this week, logging a jump in net profit of over one third from 2017. According to commentary by domestic media, Alro witnessed a 39-percent rise in net profit year-on-year to RON125 million (US$31.8 million). Sales also rose in the quarter, showing a 10-percent bump […]

Romania’s Alum Tulcea Inks US$25-MM Loan for New Projects

Alum Tulcea, a subsidiary of Romanian aluminium company Alro SA (Alro Slatina) and Romania’s most prolific producer of calcined aluminium, has successfully negotiated US$25 million in loans with two regional financial institutions in order to fund projects to develop new products and increase energy efficiency. According to local media, the firm signed loans with Garanti […]