Vimetco N.V.

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....

Events

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 […]

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 […]