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ALRO S.A. - ALR

Alro celebrates 20 years of listing at the Bucharest Stock Exchange

Release Date: 10/16/2017 7:58:26 AM

IRIS Code: 2C234

  

To: The Financial Regulating Authority

       Bucharest Stock Exchange 

 

Date of report: October 16, 2017

Name of issuer: Alro S.A.

Headquarters: Slatina, 116 Pitesti Street, Olt County

Telephone/ fax number: +40 249 431 901 / +40 249 437 500

Tax registration number at the Trade Register Office: RO 1515374

Trade Register Number: J28/8/1991

The European Unique Identifier (EUID): ROONRCJ28/8/1991

Legal Entity Identifier (LEI): 5493008G6W6SORM2JG98

Subscribed and paid-in share capital: 356,889,567.5 RON

Regulated market on which the issued shares are traded: Bucharest Stock Exchange 

 

Alro celebrates 20 years of listing

at the Bucharest Stock Exchange 

Cumulated figures 1997-2016:

  • Total investments of over 680 million dollars
  • Turnover of 10 billion dollars
  • Net profit of over 780 million dollars
  • Sponsorship of over 9.5 million dollars
  • The sale premium (over the LME quotation) has increased almost seven times, mainly by added value-added products
  • Electrolytic aluminium production of over four million tons
  • Aluminium production cast over 4.5 million tons 

Slatina, October 16, 2017 - Alro S.A. (BVB symbol ALR, "Company" or "Alro"), the largest aluminium producer in continental Europe (excluding Russia and the Scandinavian Peninsula), celebrates 20 years of listing the Company's shares on the Bucharest Stock Exchange (BVB). 

"The fact that Alro's shares are listed for 20 years at the Bucharest Stock Exchange is, besides a reason to be proud, a proof of the solidity of the Company. In these 20 years, Alro has transformed itself from a primary aluminium producer into a vertically integrated company providing high quality aluminium for the aerospace industry," said Gheorghe Dobra, CEO Alro S.A. "This brings value to the shareholders, the employees, the communities in which Alro works and the Romanian economy in general. We have gone through economic crises that have led to the shut down of some of our competitors in Europe, we have succeeded, through massive investments, through internal research programs and thanks to our employees, to increase our efficiency, expand our product portfolio, and enter exclusive markets. This strategy will continue in the long run, focusing on diversifying the portfolio, increasing efficiency and reducing environmental footprint. " 

"Alro is one of the first companies of national importance that have been listed on the Bucharest Stock Exchange since the first years of operation of the BVB. We congratulate Alro for its 20 years of impressive activity as a listed company and we are convinced that we will continue to see the same beneficial collaboration for both Alro, investors and the Romanian capital market", said Lucian Anghel, President of the Board, Bucharest Stock Exchange.

Cumulatively, in the 20 years of listing on the BVB, Alro registered a turnover of 10 billion dollars, a net profit of 780 million dollars and total investments of over 680 million dollars, of which 570 million dollars since the entry into private ownership, respectively since 2002. Total electrolytic aluminium production was four million tons, and casted aluminium, over 4.5 million tons. 

Alro has transformed itself from a simple primary aluminium producer into a vertically integrated company with its own bauxite mine in Sierra Leone, its own alumina refinery - Alum Tulcea and its own aluminium processing division. 

The massive investments made by the Company allowed Alro to increase its production of electrolytic aluminium from 163,000 tonnes in 1997 to 207,000 tonnes in 2016. The Company has increased its supply of high added-value aluminium both in primary and in processed aluminium segments. Thus, the production of ingots (cheap products) decreased from 105,000 tons to 8,000 tons, meaning 12 times. In contrast, aluminium wire production has grown about three times, and that of slabs, more than six times. In the processed segment, the extruded aluminium production increased 5.5 times and the flat-rolled products more than four times during the mentioned period. Alro also relied on increasing the quality and mix of products so that it could enter new markets such as the car manufacturing or the aerospace industry. The Company is NADCAP certified, demonstrating that Alro products meet stringent quality standards imposed by the aerospace industry. 

In addition to investment in equipment, Alro has also focused on implementing solutions to reduce specific consumption, with positive effects both in terms of operational efficiency plan and in terms of environment. Thus, electricity consumption decreased by 1,000 kWh per ton of electrolytic aluminium. In the primary aluminium division, the specific consumption of natural gas was reduced by 2.5 times, and in the processed aluminium division, more than 10 times. Industrial water consumption has fallen more than five times in primary aluminium segment. In addition, electricity consumption has been reduced more than four times in processed aluminium. Starting 2013, Alro commissioned ECO Recycling unit to process aluminium waste with a specific electricity consumption 95% lower than for electrolytic aluminium production. 

Investments made by the Company have also had a positive impact on the environment, with Alro reducing its greenhouse gas emissions more than 85 times compared to 1997. Moreover, the Company obtained the Integrated Environmental Authorization No. 1 on the Oltenia region. In 2016, this authorization was renewed without a compliance program. The positive impact on Alro's communities is not limited to reducing the environmental footprint. The aluminium producer has sponsored projects of over 9.5 million dollars in health, education, and environment areas. 

Alro continues to have a long-term development strategy that provides total investments over 190 million dollars over the period 2017-2021, of which over 100 million dollars for energy efficiency programmes. Thus, the Company will adopt the concept of "Green Factory", which aims at using state-of-the-art eco-technologies available on the market, which will enable it to produce high and profitable aluminium. In addition, they will contribute to meeting Alro's close to zero-waste and zero-emission targets. 

For further information, please contact:

Florenta Ghita

Premium Communication

Bucharest

Phone +40 (0) 21 411 01 52

Email florenta.ghita@premiumpr.ro 

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. 

Bucharest Stock Exchange

Bucharest Stock Exchange (BVB), a reference institution on the Romanian capital market, manages equity, bond and other financial instruments markets through regulated platforms or alternative trading systems and provides a wide range of services to financial market participants. Bucharest Stock Exchange carries out the most advanced and complex program among the European capital markets to increase the level of financial education. Dedicated to existing or potential investors as well as to entrepreneurs, BVB's activities aim to contribute significantly to the development of the Romanian financial culture. For more information, visit www.bvb.ro, the InvestingRomania platform and the Fluent Finance Education Portal.

 

 



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