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...
Romania
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...
US Commerce Department Levies Preliminary Antidumping Duties On Aluminium Sheet From 18 Countries
On Friday the U.S. Department of Commerce issued its preliminary determination on a complaint by domestic aluminium producers that imports...
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
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 […]
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, […]
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 ...
