Alro Slatina
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| Alro Slatina | |
|---|---|
| Type | Public company (BVB:[1]) |
| Founded | 1963 |
| Headquarters |  Slatina, Romania |
| Key people | Gheorghe Dobra, CEO |
| Industry | Aluminium |
| Products | Aluminium products, Aluminium alloys |
| Revenue |  US$872 million (2006) |
| Employees | 3.600 (2007) |
| Website | http://www.alro.ro/csp/RO/ca.csp |
Alro, established in 1963, is one of the biggest aluminium companies in Romania and in Europe. It began to be built in July 1963.
In 2006 the output of aluminium reached 260.000 tonnes thus making Alro the biggest aluminium producer in Eastern Europe excluding Russia.
More than 80% of Alro output is sold on the international market through the London Metal Exchange.
Alro is also the largest electric-power consumer in Romania, accounting for 8% of the national electric-power consumption.
Alro is listed on the Bucharest Stock Exchange and has a market capitalisation of around US$3 billion.
Contents |
[edit] Takeover
In September 2005 Alro bought from Balli Group 67% of Alum a Romanian company based near Constanţa that produces around 500,000 tonnes of alumina per year for around US$ 9 million. In December 2005 Alro bought a remaining 25% of Alum shares from SIF1 for around US$4.4 million.
[edit] Parent
In 2004 Alro was bought by Russian company Marco Industries BV with a price and certain investments of US$620 million. The company is now owned by a Swiss company Vimetco.
[edit] Gallery
[edit] See also
