Lower Value-Added Aluminium Sales Hammer Alro’s Bottom Line In 2018’s Opening Nine Months
Romanian aluminium company Alro SA’s (Alro Slatina) released production numbers for the first nine months of the year last week,...
Vitaliy Machitski
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 week that net profits for the year are likely to fall by 78 percent from last year’s level. A report released by...
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...
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...
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 Slatina Inks Three-Year, US$167 MM Credit Facility
Romanian aluminium company Alro SA (Alro Slatina) announced earlier this week the execution of a three-year, US$167 million (€140.7 million) credit facility for financing working capital. The deal, which is managed by Austria’s Raiffeisen Bank International A.G. and its local affiliate Raiffeisen Bank Romania, will be financed by several European banks, including OTP Bank Romania, […]
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 ...
