Romania’s Sole Alumina Producer To Suspend Production Due To High Energy Prices
Romanian aluminium company Alro SA (Alro Slatina) said that its alumina plant Alum Tulcea will be closing in a month...
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...
Romanian aluminium company Alro SA (Alro Slatina) said that its alumina plant Alum Tulcea will be closing in a month...
Romanian aluminium company Alro SA (Alro Slatina) said this week that its downstream subsidiary Vimetco Extrusion has produced the first...
Late last month Romanian aluminium company Alro SA (Alro Slatina) announced the acquisition of Vimetco PLC’s subsidiary Vimetco Trading SRL...
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 […]
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 […]
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 […]
Last week the Aluminium Stewardship Initiative welcomed Vimetco Extrusion as a new Industrial User, raising its total membership worldwide to 150. Vimetco is Romania’s vertically-integrated aluminium extrusion firm. Founded in 2006, the firm operates a pair of extrusion presses and employs over 200 individuals. Its primary products are 6xxx aluminium alloys. “In Vimetco Extrusion we […]
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 […]
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 ...
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...