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09 OCTOBER 2018 AL CIRCLE

ALRO continues USD 61 million investment programme in value-added aluminium products

EDITED BY : HEENA IQBAL 2MINS READ

ALRO, one of the largest vertically integrated aluminium producers, by capacity, in Europe, continues its USD 61 million investment programme for 2018 in high value-added and very high value-added aluminium products. The company focuses on extending client portfolio, enhancing the hot rolled products quality and reducing energy dependency.ALRO is committed to supplying high value-added products to the aerospace and automotive industries.

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"We continue to implement our complex investment strategy which covers three major areas: products quality and production mix with a focus on sophisticated markets, operational efficiency and cost control, as well as increasing the market share", said Marian Năstase, Chairman of the Board of Directors of ALRO. 

ALRO is upgrading the cold rolling mill no. 2, and the grinding machine to increase the production of flat rolled aluminium products to 120,000 tonnes per year by 2022 (from 90,000 tonnes per year at the end of 2017) and to increase the heat-treated plates production share, in line with the market demand.

ALRO said the company plans to implement a profile control system for hot rolled products to enhance products quality. It also focuses optimizing the delivery terms for the hot-rolled products and on monitoring and controlling the entire production planning system for the Processed Aluminium Division.

“In terms of cost efficiency, Alro aims at developing the Eco Recycling programme, by optimizing and increasing the scrap processing capacity through the implementation of a scrap processing line from shredding up to melting, with the purpose of reaching a capacity of 100,000 tonnes per year by 2020 (from 32,000 tonnes per year at the end of 2017), and increasing the energy efficiency of the existing processes, it said in its press release.

ALRO Group registered a net profit of RON 154 million in the first half of 2018, from RON 187 million a year ago. The turnover rose to RON 1.56 billion in H1 2018, from RON 1.38 billion in H1 2017. The Group produced 144,962 tonnes and 56,000 tonnes of aluminium and processed aluminium respectively.

During 9-11 October 2018, ALRO is participating at ALUMINIUM 2018, the12th World Trade Fair & Conference, held in Dusseldorf, which features more than 1,000 exhibitors from the aluminium industry, and has over 27,500 visitors in each edition.


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EDITED BY : HEENA IQBAL 2MINS READ

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