Alro has invested over USD 16 million to increase competitiveness and operational efficiency, in S1 2017

• Investments will enable increased production capacity for processed aluminium
• The company aims to increase the deliveries of high value added for the automotive and aerospace industries
• New technologies increase the energy efficiency of Alro and have a positive impact on the environment

Slatina, September 28, 2017 - Alro S.A. (BVB: ALR, "Company" or "Alro"), the largest aluminium producer in Continental Europe (excluding Russia and the Scandinavian Peninsula), has completed over  USD 16 million investments in both the primary and processed aluminium divisions in the first six months of 2017. Earlier this year, the Company has launched over 20 investment projects, totalling nearly USD 41 million, to increase the operational efficiency and the high value added products.

"At Alro, we have a long-term development program that we are pursuing with very good results both at products portfolio and quality, as well as at operational levels, and the investments we started help us to strengthen our global position", said Gheorghe Dobra, CEO of Alro S.A. "From an operational point of view, the new equipment will support our program to expand the range of products with high value added, specific to automotive and aerospace industries, but will also have a direct impact on specific consumption, increasing the Company's energy efficiency. In addition, we will increase the quantities of recycled metal, which will have positive effects on the environment".

The Company has acquired state-of-the-art technology equipment from leading manufacturers in the metallurgical industry, such as Danieli & C. Officine Meccaniche, Fata S.P.A., Danieli Centro Combustion, Otto Junker, Wagstaff and Altek. Thus, the Company will develop new capacities for heat-treating aluminium alloy sheets, flattening of slabs smaller than 20 mm, as well as the homogenization of the slabs. In addition, the Company will modernize the cold strip mill no. 2. This way, Alro will increase its production capacity for high technology aluminium plates used in the aerospace and automotive industries and in the same time will expand its customer portfolio.

Moreover, Alro invests in installing an aluminium slag processing capacity and upgrading the existing ovens, thus increasing the amount of metal that can be reused in the production process. In addition to reducing specific consumption, this investment also has a positive impact on the environment, reducing the amount of aluminium waste resulting from the technological process. The new equipment will optimize the waste recycling process at Eco-Recycling Facility and will increase the Company's energy efficiency.

The investment program will allow Alro to expand its clients’ portfolio in industries using high-quality processed aluminium.

In the first six months of 2017, Alro Group reported a net profit of RON 187 million. The adjusted net profit* was RON 219 million in S1 2017, and the Group's turnover increased by 14.5%, reaching RON 1.4 billion, from RON 1.2 billion in S1 2016.

* Adjusted Net Result represents the net result plus/ (minus) non-current assets impairment, plus/ (minus) the loss/ (gain) from derivative financial instruments that do not qualify for hedge accounting, plus/ (minus) deferred tax.

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Premium Communication

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Notes to the Editors:

Alro S.A.

Alro is subsidiary of Vimetco N.V., a global, vertically-integrated primary and processed aluminium producer. Alro is the largest aluminium producer in Continental Europe (excluding Russia and Scandinavia), having an installed production capacity of 265,000 tonnes per year.

The main markets for the products manufactured by Alro are within the EU (Germany, Italy, Poland, France and Romania). Alro also exports to the USA and Asia. 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.

Alro Group

The companies part of Alro group are: Alro – the aluminium producer, Alum Tulcea – the alumina producer, Siera Mineral Holdings I, Ltd. – the bauxite producer, Vimetco Extrusion – extrusion products processor, Conef, Global Aluminium Ltd. and Bauxite Marketing Ltd. Having this structure, the Group created an integrated production chain, assuring the raw materials for Alro.