Money Buzz! Europa

Tag: alro slatina

  • 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.

  • The aluminium producer ALRO Slatina is celebrating its 55th anniversary

    The aluminium producer ALRO Slatina is celebrating its 55th anniversary

    ALRO S.A., one of the largest vertically integrated aluminium producers in Europe, measured by production capacity, is celebrating its 55th anniversary.

    Starting to operate in 1965, ALRO currently has two divisions, Primary and Processed Aluminium.

    After constantly investing in new technology, ALRO reached a production of 265,000 tonnes of electrolytic aluminium per annum, a Cast-House capacity of 325,000 tonnes per annum, while producing around 100,000 tonnes per year of flat-rolled products.

    The Company has invested more than USD 700 million since privatization in technology and environmental protection.

    At the time of its establishment, the Company had an electrolytic aluminium production of over 8,000 tonnes per annum and produced only aluminium ingots.

    Currently, the Company has a diversified product portfolio, and out of the total 2019 production, over 83,000 tonnes are represented by high value-added products for the more sophisticated industries, such as automotive and aerospace.

    Moreover, high value-added products used in the aerospace industry have increased by 40% in the last seven years, from over 27,000 tonnes in 2012 to over 38,000 tonnes in 2019.

    Investments in energy efficiency programs

    ALRO has constantly implemented energy efficiency programs and applied circular economy principles in its business and has increased the quantities of aluminium scrap recycled and re-melted, having an Eco-Recycling facility with a capacity of 35,000 tonnes which reintroduces the aluminium in the production circuit with an energy consumption about 95% lower compared to the primary technology (by electrolysis).

    Thus, the Company has accessed non-reimbursable funds for increasing the profitability and development of new products worth over RON 115 million, the projects being completed in 2019.

    Through investment and alignment programs to local and European regulations, the Company has reduced PFC emissions by more than 98% compared to 2002 and more than 39 times compared to 1990, and although it is one of the major consumers of electricity in Romania, ALRO has 99% energy efficiency for electrolysis technology due to investments done.

    Turnover over USD 600 million per year

    The Company’s turnover has stabilized in recent years at more than USD 600 million, although market, business conditions and the legislative environment have varied widely, and this performance has favoured the development of horizontal industry and services in the local community, as well as the decrease of the unemployment rate.

    With more than 4,000 employees, more than 20,000 jobs that indirectly depend on the aluminium industry’s and ALRO Group’s activity.

    Besides this, only ALRO’s contributions to the central and local budgets amounted in 2019 to almost RON 130 million (over USD 30 million).

  • 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.