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Vimetco Extrusion, ALRO’s downstream subsidiary - 1st billet extruded on a new automatic line for aluminium profiles, following a EUR 10 million investment
Mon, 06/27/2022 - 10:05Slatina, 27June 2022 – ALRO S.A. (BSE: ALR, “the Company” or “ALRO”), one of the largest vertically integrated aluminium producers in Europe, measured by production capacity, announces that Vimetco Extrusion, ALRO’sdownstream subsidiary in charge with the extrusion business completed the installation of a new state-of-the-art 7” press extrusion line, following an investment of approximately EUR 10 million since the start of this project in March 2021. Vimetco Extrusion has just successfully tested the new equipment by extruding the 1st billets on this line.
This new automatic extrusion line for aluminium profiles is the third one for Vimetco Extrusion. The new press sustains Vimetco Extrusion strategy to increase its production capacity for high value-added aluminium products, thus delivering to its customers an extensive portfolio of customized solutions
“ALRO Group believes that focusing on strategic investments, processes optimization, and cost control represents a suitable and reliable strategy to support our business and help us navigate through these challenging times. This strategy applies to all our subsidiaries, and Vimetco Extrusion’s completion of a new automatic extrusion line is the latest example”, said Marian NĂSTASE, Chairman of ALRO’s Board of Directors. “This is yet another step towards increasing the portfolio of high and very high value-added products, while consolidating the relationship with our customers by offering them a reliable, long-term partner capable of delivering tailored products and services”,addedMarian NĂSTASE.
The 7” extrusion line is highly efficient in terms of production capabilities and reduced energy consumption. Thus, the entire process is automated, being able to extrude profiles up to a length of 60 meters, with a speed of 50 meter/minute, while having the lowest guaranteed gas consumption on the market and being equipped with an efficient energy-saving system, as well as with independently operated water and air-cooling zones designed to efficiently allocate resources.
The new extrusion line will increase Vimetco Extrusion’s yearly production capacity by 11,000 tonnes, reaching a total annual capacity of 35,000 tonnes by the end of 2022.
“Vimetco Extrusion believes in creating value for all its stakeholders”, said Igor HIGER, Chairman of the Board of Directors, Vimetco Extrusion.“We support our customers by offering them personalized solutions and productsthroughout the implementation of state-of-the art technology, we support our employees by ensuring the best working conditions and training, and last but not least we uphold the local community by reducing the impact on the environment and creating new job opportunities”, added Igor HIGER Chairman of the Board of Directors, Vimetco Extrusion.
Vimetco Extrusion is committed to a successful business continuity supported by innovation, flexibility and constant alignment to technology upgrades through sustainable investments.
Marian-Daniel NĂSTASE Gheorghe DOBRA
Chairman of the Board of Directors Chief Executive Officer
For further information, please contact:
Florența Ghiță
Bucharest
Phone: +40 744 644 004
Email: investor.relations@alro.ro
Notes to the Editor:
ALRO Group
The companies’ part of ALRO Group are: ALRO S.A. – manufacturer of aluminium, Alum S.A. – producer of alumina, Sierra Mineral Holdings I, Ltd. – bauxite mining, Vimetco Extrusion S.R.L. – extrusion business line, Conef S.A. – holding and management company, Global Aluminium Ltd. – holding company and Bauxite Marketing Ltd – marketing, Vimetco Trading – aluminium sales. Having this structure, the Group created an integrated production chain assuring the raw materials for ALRO.
ALRO
ALRO is subsidiary of Vimetco PLC (Republic of Cyprus), a global, vertically-integrated primary and processed aluminium producer. The structure of ALRO’s shareholders is: Vimetco PLC (54.19%), Paval Holding (23.21%), Fondul Proprietatea (10.21%) and others (12.38%).
ALRO is one of the largest vertically integrated aluminium producers, by capacity, in Europe, having an installed production capacity of 265,000 tonnes per annum of electrolytic aluminium, 35,000 tonnes per annum of recycled aluminium and the Cast-House has a total cast aluminium capacity of 335,000 tonnes per annum and processing facilities of 130,000 tpa of hot and cold rolling facilities and extrusion shop.
The main market for ALRO products is represented by the European Union; the Company exports its products to the USA and Asia, as well. ALRO is ISO 9001 certified for quality management and has NADCAP and EN 9100 certificates for aerospace production organizations, ALRO’s products adhere to the quality standards for primary aluminium on the LME, as well as international standards for flat rolled products.
Starting from 18 March 2019, the Index Committee of the Bucharest Stock Exchange approved the inclusion of ALRO (code ALR) in BET, the main index of the market, and in BET-TR, the total return version of BET. ALRO’s shares have been listed on the Bucharest Stock Exchange since October 1997 and ALRO represents the first company in the aluminium industry present in these two indices.
Since 2020, ALRO and Vimetco Extrusion are members of ASI (Aluminium Stewardship Initiative), an international association that contributes to enhancing sustainability in the global aluminium sector.
