Money Buzz! Europa

Tag: ALRO

  • ALRO extended with three years a revolving syndicated credit facility

    ALRO extended with three years a revolving syndicated credit facility

    ALRO Slatina extended until 2023, two syndicated credit facilities cumulating USD 150 million, under the coordination of EximBank.

    The banks syndicate included Unicredit Bank, OTP Bank Romania, EximBank, ING Bank Bucharest Branch, Raiffeisen Bank, Intesa Sanpaolo Romania, CEC Bank, Banca Transilvania, Garanti Bank and the International Bank for Economic Cooperation.

    The credit line aims to sustain ALRO’s strategy to develop products portfolio with high and very high value-added products for sophisticated industries.

    This year, ALRO managed to ensure the business continuity in safe and profitable conditions, while implementing an anti-crisis programme that showed good results and allowed the company to remain competitive on the EU and international markets and keep all production sites operational.

  • ALRO continues the COVID-19 prevention and impact mitigation program

    ALRO continues the COVID-19 prevention and impact mitigation program

    ALRO, one of the largest vertically integrated aluminium producers in Europe, measured by production capacity, implemented additional and complementary safety measures to those introduced at the beginning of the COVID-19 health crisis.

    The access on the company’s premises is allowed after the personnel’s body temperature is checked through cameras placed at the gates’ area and the divisions’ work schedules were changed to minimise contact between employees.

    An extended Work From Home program has been implemented and additional rest breaks were introduced in special designed places according to the authorities’ guidelines and recommendations, where wearing a mask is not mandatory.

    ALRO has implemented complex protocols and procedures since the outbreak of the COVID-19 health crisis, in coordination with the central and local authorities and compliance with the recommendations of the World Health Organization for industrial sites.

    All employees received protective medical materials and equipment

    All employees received protective medical materials and equipment and were instructed on how to prevent COVID-19 infections, factory areas are cleaned, sanitized and disinfected regularly, recommendations for physical distance and hygiene measures were visually marked on the premises, plexiglass panels were installed in certain areas, and the company performes preventive real-time tests.

    From an incipient phase of COVID-19 crisis outbreak, ALRO has also implemented contingency plans simulating the case of one or more employees are infected with COVID-19, thus ensuring that the operations are not disrupted and the Company remains fully operational and delivers on time.

    ALRO supported efforts to prevent and mitigate the effects of COVID-19

    So far, the Company has also supported efforts to prevent and mitigate the effects of COVID-19 by donating over RON 440,000 and protective equipment, reflective vests and video thermo-scanners to Slatina County Emergency Hospital, the Romanian Red Cross, Olt and the International Police Association of Romania, Olt.

    Furthermore, ALRO also supported Bucharest Fundeni Hospital with RON 30,000 for the acquisition of testing equipment for medical staff and patients.