Alro completed the RON 43.6 million investment for increasing its competitiveness

Thu, 09/26/2013 - 09:40
  • European Regional Development Fund co-financed the programme
  • The total value of the irredeemable financialassistancefrom the EU is of RON 17.18 million


Slatina, 26 September 2013 – Alro SA (BSE: ALR, “The Company” or “Alro”), one of the largest aluminium producers in Central and Eastern Europe, commissioned an investment of RON 43.6 million aimed at increasing the competitiveness of the plant. The programme started in March 2011 and was finalized in September 2013. The Company signed a financing agreement with the Ministry of Economy for the Sectorial Operational Programme “Increase of the Economic Competitiveness”. The project, co-financed by the European Union, regarded the strengthening and the upgrading of the productive sector through the purchase of sheets, coils and strips aluminium and aluminium alloys finishing equipment. It aimed at ensuring a sustainable and durable development and a higher competiveness. The total value of the irredeemable financial assistance from the EU was of RON 17.18 million.

“By implementing this programme, we are able to consolidate and improve our position on the international market, following the diversification of the products portfolio, for the high added value goods”, said Gheorghe Dobra, CEO of Vimetco and General Manager of Alro Slatina.“The state of the art equipments allow us to continue our long term development strategy. Also, they increase the efficiency of the aluminium plant, assuring the basis of a sustainable development”.

Under the terms of the project, Alro aquiredequipment for finishing aluminum sheets, coils and strips: a tension leveler line, a cut to length line, a slitting line and an automatic packiging system.The projectwas implemented in Slatina over a period of 32 months. The programme targets a positive impact over the operations of Alro Slatina by contributing to the higher added value reflected over the Company, creating new working places and targeting new custormers, through the new products manufactured.

This year, the Company continued to invest in expanding its high added value production capacity and thus, it has managed to increase the supply of processed aluminium. At the same time, Alro continued to invest in processing the aluminium scrap to save energy costs (generated by the energy consumption taxes – green certificates, cogeneration tax etc.)


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Notes to the Editors:

Alro is a subsidiary of Vimetco N.V., a global, vertically-integrated primary and processed aluminium producer. Alro is one of the largest aluminium producer in Central and Eastern Europe measured by volume with an installed production capacity of 265,000 tonnes per year.

The main markets for the aluminium manufactured by Alro are within the European Union (i.e. Hungary, Poland, Greece, Germany and Romania). Alro also exports to the U.S.A and Asia. Alro is ISO 9001 certified for quality management and has NADCAP as well as 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.

The contents of the website www.alro.roare not incorporated into, and do not form part of, this announcement.