ALRO continues the investments in energy efficiency with the support of a USD 40 million 7-year loan from the Black Sea Trade and Development Bank

Fri, 06/25/2021 - 17:25

Slatina, 25 June 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 the Black Sea Trade and Development Bank (BSTDB) is providing a USD 40 million corporate loan to the Company, for its capital investment programme. The seven-year loan will be used primarily for improving the company’s energy management performance as well as high value-added production capacity.

The project’s total cost amounts to around USD 95 million to be also financed by Romanian and international commercial banks.

“Supporting responsible ESG investment is our priority goal as a regional development bank. We are delighted to see our long-term client introducing energy efficiency measures and environmentally sustainable practices that are in line with the Romanian Government’s policy priorities.  Given the positive outlook for the economy, we believe the company will be able to meet increased domestic demand and bring substantial development impact to the Romanian economy including job creation, export promotion and increased revenues for the state budget”, said Dmitry Pankin, BSTDB President. 

“Nowadays, our focus is on sustainability and therefore we have made major steps in communicating the progress made in this area. ALRO is one of the leading companies in Romania having as specific objective to meet climatic neutrality targets by implementing state-of-the-art technologies. We run a responsible business and the significant investments made in projects aiming to protect the environment by reducing emissions, improving energy efficiency and optimize the use of resources are proofs of our progress in this direction. This new agreement represents a recognition of our efforts and we are delighted to continue the partnership with BSTDB, an active supporter of our sustainable projects and businesses”, said Marian Năstase, ALRO Chairman.

The agreement marks a new phase in BSTDB’s partnership with ALRO which started in 2015. Since then, the Bank has provided a total of USD 120 million in support of the Group’s development. 


For further information, please contact:

Florența Ghiță


Phone: +40 744 644 004



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, founded in 1961 and starting production in 1965, 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 in Europe, by production capacity 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 cast aluminium. The main market for ALRO products is represented by the European Union, but the company exports its products worldwide, to more than 50 countries on all continents. ALRO is ISO 9001, ISO 14001, ISO 45001, ISO 50001 certified for aerospace production and has IATF 16949 certification for the automotive industry, ALRO’s products adhering 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.

The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine. The BSTDB headquarters are in Thessaloniki, Greece. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The authorized capital of the Bank is EUR 3.45 billion. BSTDB is rated long-term “A-” by Standard and Poor’s, “A2” by Moody’s and “A+” by the Russian credit rating agency ACRA. For information on BSTDB, visit

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