Alro signed a financing agreement for the improvement of research infrastructure

Wed, 09/07/2016 - 15:54

Slatina, 7 September, 2016 - Alro S.A. (BSE: ALR, "Company" or "Alro"), the largest aluminium producer in continental Europe (excluding Russia and Scandinavia) has been announced on 6th of September 2016 about the signing of the financing agreement for the implementation of the “Investments in the CD department of ALRO, destined to improve infrastructure research on the heat-treated sheets made out of aluminium alloy with high qualification industrial application”, by the representatives of the National Authority for Scientific Research and Innovation as Intermediary Entity (IE) in the name of and for the Ministry of European Funds (MEF) as Management Authority (MA) for the Operational Competitiveness Program (OCP).

The total value of the project is of 115,037,887.76 lei, out of which the irredeemable financial assistance is of 35,984,347.05 lei. The project is being implemented over a period of 24 months.

The purpose of the project is the acquisition of research-development equipment:

· Independent equipment for the research of the hardening process of the aluminium alloy sheets

· Independent equipment for the research of the internal tension elimination process from the aluminium alloy sheets no thicker than 20 mm

· Independent equipment for the research of the aging process of the aluminium alloy sheets

“Investments in the research and development field are extremely important for Alro in order to ensure economic competitiveness through innovation, while improving the R&D infrastructure and the excellence of the capacities of the enterprise, along with the scientific capacity of the company in the areas of smart specialization. The development of the R&D infrastructure will lead to increased competitiveness of Alro through diversification of its manufactured products of heat-treated sheets of aluminium alloy with highly qualified industrial applications.”

In addition to research and development projects in 2016 Alro also invested in energy efficiency and in expanding its client portfolio by increasing the production capacity of the processed aluminium sector (heat-treated sheets, coated products), as well as in ensuring the continuity and safety of the technological processes of the Company.

For further information please contact:

Florenta Ghita

Premium Communication


Phone +40 (0) 21 411 01 52


Notes to the Editors:

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 (except for Russia and Scandinavia) 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 (Hungary, Poland, Greece, Germany and Romania). Alro also exports to the United States of America and Asia. Alro is ISO 9001 certified for quality management and has NADCAP and EN 9100 certificates for aerospace production organizations, as well as ISO TS 16949 for auto industry. Alro’s products adhere to the quality standards for primary aluminium on the London Metal Exchange (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.