Alro, a significant player in Europe's aluminium industry, recently invested USD 2.75 million in a cutting-edge electric furnace, supplied by SECO/WARWICK. This move aligns with the company's commitment to eco-friendly practices, replacing three gas-fired furnaces. The new furnace not only enhances efficiency in the heat treatment process within Alro's Wrought Aluminum Division but also underscores their pursuit of greener production.
The company declared in a statement: "This state-of-the-art electric furnace will replace three natural gas-fired furnaces to streamline the heat treatment operations within Alro's Wrought Aluminum Division and represents an important step towards achieving the company's goal of becoming a greener producer."
The innovative electric furnace not only symbolises a shift to greener practices but also promises heightened efficiency in the artificial ageing process. By precise temperature control and optimisation, Alro aims to produce aluminium of superior quality and high added value. The furnace's impressive capacity, up to 60 tonnes, adds to the company's capabilities in meeting market demands.
Alro's position in the aluminium industry
As a subsidiary of Vimetco PLC, Alro stands as one of Europe's largest vertically integrated aluminium producers. With an installed capacity of 265,000 tonnes of electrolytic aluminium per annum, a robust scrap aluminium recycling capacity, and a significant presence in hot and cold rolled aluminium, Alro is a critical player in the industry.
Alro's investment in the electric furnace not only marks a technological leap but also reinforces its commitment to sustainable practices. This move positions them as a leader in the quest for greener aluminium production.
Company overview - Market reach and shareholders
Alro, a subsidiary of Vimetco PLC, is a key player in Europe's aluminium industry. With a focus on sustainability, innovation, and superior quality, Alro stands tall as a leader in the production of electrolytic aluminium, scrap aluminium recycling, and processing facilities.
Alro strategically caters to the European Union while also exporting to the US and Asia. Vimetco PLC holds the majority of shares (54.19%), followed by Pavăl Holding (23.21%) and Fondul Proprietatea (10.21%). This diversified ownership contributes to Alro's stability in the market.
If you are interested in learning more about the international aluminium value chain, go ahead and book AL Circle’s special report, Global Aluminium Industry Outlook 2024.
Responses
