The most eminent aluminium producer in Romania, Alro S.A., has proposed investing US$4.22 million (3.86 million euro) in two respective projects focused on checking the quality of the firm's flagship products like aluminium alloy plates.
On November 23, the Romanian aluminium producer implied that they were aiming to install two new inspecting solutions for aluminium alloy plates so that product quality could be determined. This was revealed by the firm during a filing at the Bucharest Stock Exchange.
Alro also illustrated that these new machines would be fundamental in automatically scanning both surfaces of the aluminium plates for any discrepancies in shape, texture or quality. The company is optimistic that the additions would let them achieve the highest industry standards.
The CEO of Alro, Gheorghe Dobra, exclaimed: "This way, we succeed in increasing the company's competitiveness internationally, create value for shareholders, customers and the community and maintain our position in a highly competitive economic environment."
During the first three quarters of 2023, beginning from January to September, Alro's net loss expanded to 394 million lei (US$86.5 million or 79.3 million euro) owing to lower aluminium rates in the London Metal Exchange. This resulted in an economic slowdown in Europe with sluggish demand for aluminium and skyrocketing commodity costs at a regional scale.
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