Romania

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

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 […]

Alro to Invest €100 Million in Profitable Green Aluminium-Smelting Technology

Romanian aluminium company Alro SA announced last week that it plans to invest €100 million (US$118 million) in improvements to its aluminium-smelting operations aimed at boosting energy efficiency and reducing specific consumption. The plan, dubbed the “Green Factory” concept, consists of implementing existing environmentally-responsible technologies that still allow the profitable production of aluminium. Alro says […]

Alro Lands Flat-Rolled Aluminium Supply Contract with Airbus

Romanian aluminium firm Alro SA announced on Friday that it had signed a contract with French aerospace company Airbus SAS. According to the press release from Alro, the multi-year agreement is for the firm to supply Airbus with flat-rolled aluminium products. No specific airframes were mentioned in the press release, nor was the value of […]

Romania’s Alro Announces US$53 MM Energy Efficiency Plan

Earlier this week Romanian aluminium company Alro SA announced the launch of a US$53 million investment plan for this fiscal year. The firm intends to use the investment to focus on increasing its energy and equipment efficiency, expanding its portfolio, increasing competitiveness, and boosting product quality. “Alro has a constant strategy for reducing energy consumption, […]