Israel’s Ambassador to Romania visited ALRO
Fri, 10/29/2021 - 15:38Slatina, 29 October 2021 – ALRO S.A. (BVB: ALR, “the Company” or “ALRO”), one of the largest vertically integrated aluminium producers in Europe, measured by production capacity, had as a guest during this week Israel’s Ambassador to Romania, His Excellency, Mr. David SARANGA.
Gheorghe DOBRA, CEO, ALRO, presented the industrial platform’s characteristics, the production process, and the Company’s products.Israel's Ambassador inquired about the existing cooperation between ALRO and companies from the country he represents, finding numerous common points of interest that allow an even more robust collaboration in the future.
ALRO invested more than USD 700 million in the nearly 20 years since its privatization: implementing state-of-the-art technology in multiple energy-intensive processes, significantly reducing electricity consumption, production of recycled aluminium, and reducing the Company's environmental footprint. At the same time, these investments have allowed the manufacturing of high and very high value-added aluminum products, which made ALRO one of the exclusive club members of the global manufacturers for the aeronautical industry.
His Excellency, Mr. David SARANGA, Ambassador of the State of Israel to Romania, appreciated the extremely high potential for cooperation between ALRO and the companies from his country in using aluminum and processed aluminum products manufactured in Slatina within Israel’s industry.
For further information, please contact:
Florența Ghiță
Bucharest
Phone: +40 744 644 004
Email: investor.relations@alro.ro
Notes to the Editors:
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 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.