Romanian aluminum producer Alro, one of the largest vertically integrated aluminum producers in Europe in terms of production capacity, has put into operation its new facility, Cutsmart Systems, following an investment of 13.7 million RON (2.7 million EUR).
The facility will focus on high-precision cutting of aluminum products, adapted to the specific needs of clients from various industries, the Slatina-headquartered company said.
“The launch of Cutsmart Systems is a significant milestone in ALRO’s journey toward innovation and excellence. This facility will not only expand our capabilities but also help us respond with higher efficiency to the increasingly complex demands of our customers. Moreover, the new facility contributes to the decrease of CO2 emissions by optimising the transportation and by supplying the exact metal quantity that is necessary”, said Marin Cilianu, Chief Executive Officer of ALRO.
In conjunction with the launch of Cutsmart Systems, ALRO also announced a comprehensive brand revitalising initiative that is under implementation. The Company’s new image highlights the transformation ALRO undertook over the past 20 years, and the results of the over USD 900 million investments in technology, efficiency and reducing the environmental footprint.
ALRO is a subsidiary of Vimetco PLC (Republic of Cyprus), a global, vertically-integrated primary and processed aluminium producer. The structure of ALRO shareholders is: Vimetco PLC (54.19%), Paval Holding (23.21%), Fondul Proprietatea (10.21%) and others (12.39%).
In 1991, ALRO was transformed into a public company, and subsequently, in 1997, the Company was listed at the Bucharest Stock Exchange, Main Market Segment.
ALRO is part of the ALRO Group which includes the following companies: ALUM – producer of alumina (listed on BSE, ATS market, AeRO category), Vimetco Extrusion – extrusion business line, Vimetco Trading – aluminium products sales company, Conef – holding and management company, and 40.1% of CCGT – Power Isalnita – an associate.
The results of Alro Group for H1 2024 and Q2 2024 are improved compared to the similar periods of last year: Sales increased by 9% YoY and 16% QoQ, respectively. EBITDA increased to 201,000 thousand RON, compared to the 52,912 thousand RON in H1 2023, the net result turned positive, to 8,447 thousand RON compared to a negative one of 164,094 thousand RON in H1 2023.