Vimetco N.V.

Alro Opens US$11MM Addition To Aluminium Recycling Facility In Romania

Alro Opens US$11MM Addition To Aluminium Recycling Facility In Romania

Romanian aluminium smelter Alro S.A. commissioned a US$11 million addition to its Eco Recycling Facility in Slatina this week. The new equipment includes a pair of double-chamber furnaces, a holding furnace, and a dedicated fume collection and treatment plant. Alro opened the...

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Events

Alro Acquires Vimetco Trading For Undisclosed Sum

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 […]

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Romanian Aluminium Smelter Alro Slatina Begins Shutdown Process

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 […]

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Alro Receives €167 MM Loan From EXIM Bank To Maintain Operations

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 […]

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Vimetco To Invest €10 MM In New Automated Aluminium Extrusion Line Built By Presezzi

Vimetco To Invest €10 MM In New Automated Aluminium Extrusion Line Built By Presezzi

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 […]

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Vimetco Joins Aluminium Stewardship Initiative As Its 150th Member

Vimetco Joins Aluminium Stewardship Initiative As Its 150th Member

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 […]

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