ALRO’s downstream subsidiary, Vimetco Extrusion, is investing around EUR 10 million in an automatic extrusion line for aluminium profiles

• Vimetco Extrusion continues its program of increasing its production capacity with a new investment project evaluated around EUR 10 million

• The project consists in the implementation and commissioning by September  2022 of a complete New  state-of-the-art Aluminium profiles extrusion line

• The extrusion line is fully automated and offers enhanced efficiency of the production process, alongside sustainable use of natural resources

• Vimetco Extrusion will continue to develop and to ensure an extensive portfolio of solutions in compliance with all environmental protection standards through constant investments in every area of its activity

Slatina, 10 March 2021 – ALRO S.A. (BVB: ALR, “the Company” or “ALRO”), one of the largest vertically integrated aluminium producers in Europe, measured by production capacity, announces that Vimetco Extrusion, ALRO’s downstream subsidiary in charge with the extrusion business line, continues to invest in the development of high and very high value-added products through a project investment evaluated around EUR 10 million consisting in the acquisition and installation of an automated extrusion line, supplied by Presezzi Extrusion spa.

Besides helping Vimetco Extrusion to reach its objectives of increasing the value-added offered to shareholders, customers and community by reducing the impact on the environment and creating an extensive portfolio of customized solutions, obtained by implementing the latest technologies available, the project will also generate cost-savings and increased operational efficiency.

“The expertise in creating high and very high value-added products is obtained only through constant investments in innovation and outstanding employee training, and Vimetco Extrusion has shown that it is not only willing to embrace these responsibilities, but it also excels in executing them very efficiently”, said Marian NĂSTASE, Chairman of the Board of Directors, ALRO. “This recent investment is another step in achieving the Company's long-term vision, along with the recent partnerships with companies from industries that are recognized for the high standards of materials used, precision in execution, stability and predictability in delivery of the finished products”, added Marian NĂSTASE.

The new and complete 7” extrusion line is equipped with the technology required to operate with reduced human intervention, the entire process is automated through the DMS application (“Document management system”) developed by Presezzi. In addition to the ability to extrude profiles up to a length of 60 meters, with a speed of 50 m/min, the equipment has the lowest guaranteed gas consumption on the market, it is equipped with an efficient ESS system (“Energy-saving system”), as well as with independently operated water- and air-cooling zones, designed to efficiently allocate resources. This investment project is financed from two sources, through commercial credit and bank credit for investments. 

“Vimetco Extrusion continues to invest in technology, securing the path for a sustainable, efficient and customer-oriented business”, said Igor HIGER, Chairman of the Board of Directors, Vimetco Extrusion. “We consider Presezzi the right partner for this endeavour as we are confident that this project represents only the first step towards a successful, long-term partnership”, added Igor HIGER.

Vimetco Extrusion will continue to develop and to ensure an extensive portfolio of solutions while being compliant with the highest standards of environmental protection through constant investments in each area of its activity.

“Presezzi Extrusion is grateful for this new partnership and for trusting our Company’s technology and quality for this ambitious and complex project and we are willing to provide further support to Vimetco Extrusion in its next plans, as well”, said Valerio PRESEZZI, Founder and President of Presezzi Extrusion.

Presezzi Extrusion spa has been involved in the design, production and commissioning of aluminium profiles extrusion presses, hard alloys, copper and brass for more than 25 years, providing complete tailor-made aluminium extrusion plants. The Company offers unique, durable, safe and highly automated systems, designed to ensure the best management that allows complete flexibility of use and ease of use.

For further information, please contact:

www.alro.ro

Florența Ghiță

Bucharest

Phone: +40 744 644 004

Email: investor.relations@alro.ro 

Notes to the Editors:

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. Having this structure, the Group created an integrated production chain assuring the raw materials for ALRO.

ALRO

ALRO is a subsidiary of Vimetco N.V. (the Netherlands), a global, vertically-integrated primary and processed aluminium producer. 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 335,000 tonnes per annum primary cast aluminium.

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 16 November 2020, ALRO is a member of ASI (Aluminium Stewardship Initiative), an international association that contributes to enhancing sustainability in the global aluminium sector.