Alro Slatina

Alro Slatina Marks 16th Anniversary With Opening Of New High-Tech Aluminium Extrusion Capacity

Alro Slatina Marks 16th Anniversary With Opening Of New High-Tech Aluminium Extrusion Capacity

Romanian aluminium company Alro SA (Alro Slatina) said this week that its downstream extrusion operation Vimetco Extrusion recently brought online its new €10 million technologically advanced automated extrusion line at its plant in Romania. The new aluminium extrusion line will add 11...

Events

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 to operate at less than half capacity in the face of high energy prices.  Representatives from the plant’s trade unions told local media that the high energy prices are the result of vested interests and […]

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 for an undisclosed sum. According to the relevant announcement, Alro paid “the assessed market value” for Vimetco Trading to Vimetco Management Romania. Alro consummated the purchase in order to take advantage of the synergies it […]

Romanian Aluminium Smelter Alro Slatina Begins Shutdown Process

Romanian aluminium company Alro SA (Alro Slatina) has begun the process of complete closure this week, citing high energy prices as the main culprit of its inevitable shutdown. According to domestic media, the plant is already in the midst of the first phase of closure, which will ultimately see output reduced by 60 percent. The […]

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 first half of US$365.6 million, an increase of 13 percent on the year. […]

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 […]