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ALRO S.A. - ALR

Alro successfully completes investment projects worth over USD 3.4 million

Release Date: 12/6/2017 2:10:21 PM

IRIS Code: 86157

 To:  Financial Supervisory Authority

   Bucharest Stock Exchange 

 

Current report in compliance with Regulation no. 1/2006 of NSC 

Date of report: December 6, 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-Standard Category (market symbol: ALR)  

  

Alro successfully completes
investment projects worth over USD 3.4 million for upgrades and improving energy efficiency and competitiveness 

 

·         Alro successfully completed a USD 2.8 million upgrading of the slab casting line to allow for production of all types of alloys for the aero industry

·         Alro has also finalized the testing of an electromagnetic stirring machine that will lead to an increase in the efficiency of the remelting operations, as well as reduction of specific gas and electricity consumption 

 

Slatina, December 6, 2017 – Alro S.A. (BSE: ALR, „Company” or „Alro”), the largest aluminium producer in Continental Europe (except Russia and Scandinavia), continues its investment program designed to increase the energy and operational efficiency, as well as the overall competitiveness of the primary aluminium division. 

„We are continuing to actively implement the “Green Factory” concept by using the latest available technologies, that will allow us to both increase our efficiency and get closer to our zero-emissions and zero-waste targets”, said Gheorghe Dobra, General Manager Alro S.A. 

As part of its competitiveness increase program, Alro successfully completed the operation tests for the upgraded slabs casting line. This line was upgraded using world-leading Wagstaff technology, in order to allow the casting of all types of aluminium alloys. 

“The total slabs production volume increased by over 50% over the last five years, while the production of hard alloys (2xxx, 7xxx) for the aerospace industry tripled during the same period. This investment will allow us to be up to the demand of the processed aluminium division both in terms of volume and quality”, said Dobra. 

“We have also completed the testing of an electromagnetic stirring equipment that will increase the efficiency of the remelting operations. It is a contract of almost USD 650,000 with one of the most important producers of equipment for aluminium dross and scrap processing systems. The solution we implemented will increase the output while reducing the consumption of both natural gas and electricity”, added Dobra.  

Over the past 15 years, Alro has consistently invested in operational efficiency improvement programs with very good results compared to the average of the aluminium industry. The business plan for the 2017-2021 period includes total investments of over USD 190 million, of which over USD 100 million are for energy efficiency projects. 

In the processed aluminium sector, Alro has upgraded processing lines, introduced new technologies and equipment with high energy efficiency. In addition, the Company has implemented the concept of predictive maintenance and digitization. All these have resulted in an increase by four times of the processed aluminium production and a reduction in the specific electricity consumption by five times. The state-of-the-art technology has enabled the Company to introduce new types of products in its portfolio, for automotive and aerospace industries. 

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.

 

 

 



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