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...
Alro Slatina
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...
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...
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...
Events
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 […]
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 […]
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 ...
