Alro Slatina’s Labor Force Rallies Against Aluminium Production Capacity Closure
The labor force at Romania’s Alro Slatina aluminium smelter rallied yesterday to protest against the plant’s management and their decision...
Alro SA
Alro Working Towards Planned Return To Full Aluminium Production In 2023
Romanian aluminium company Alro SA (Alro Slatina) assured investors this week that it continues to search for ways to resume electrolytic aluminium production at last year’s levels, with an eye at restarting at similar levels next year. Alro said in a press...
Alro Acquires Vimetco Trading For Undisclosed Sum
Late last month Romanian aluminium company Alro SA (Alro Slatina) announced the acquisition of Vimetco PLC’s subsidiary Vimetco Trading SRL...
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...
Events
Alro Receives €167 MM Loan From EXIM Bank To Maintain Operations
Romanian aluminium company Alro SA (Alro Slatina) said on Wednesday that it has received a loan of €167 million from Romania’s EXIM Bank to cover the plant’s ongoing operations. Local media said the firm made the announcement in a filing to the Bucharest Stock Exchange. Alro CEO Gheorghe Dobra said in the announcement that he […]
Vimetco To Invest €10 MM In New Automated Aluminium Extrusion Line Built By Presezzi
Romanian aluminium producer ALRO S.A.’s downstream subsidiary Vimetco Extrusion said Tuesday that it will soon begin a €10 million program to increase high- and very-high value-added aluminium products by installing new machinery produced by Italy’s Presezzi Extrusion spa. The investment in question will consist of a new automated 7” extrusion line capable of extruding profiles […]
Alro Slatina Predicting Slimmer Bottom Line In 2019 Due To Rising Electrical Costs
Though the firm expects a 2-percent bump in revenues this year, Romanian aluminium company Alro SA (Alro Slatina) warned last week that net profits for the year are likely to fall by 78 percent from last year’s level. A report released by the firm on Thursday said 2019’s revenues will total US$673.7 million, with net […]
Lower Value-Added Aluminium Sales Hammer Alro’s Bottom Line In 2018’s Opening Nine Months
Romanian aluminium company Alro SA’s (Alro Slatina) released production numbers for the first nine months of the year last week, showing lower profit despite a correspondingly higher turnover compared to the previous year. For the first nine months, Alro’s turnover rose 12 percent above the total for the first nine months of 2017, totaling RON2.3 […]
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 […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
