Alro Slatina
Encyclopedia
Alro SA established in 1963, is one of the biggest aluminium companies in Romania
and in Europe
. It started operation in 1965. Alro's primary aluminium facilities are located in Slatina
and currently comprise a smelter and processing facilities, including a cast house, hot and cold rolling mills and an extrusion shop.
In 2007 the output of primary aluminium reached 283,000 tonnes thus making Alro the largest aluminium
producer in Eastern Europe
excluding CIS
countries.
More than 80% of Alro output is sold on the international market. Alro's products are sold throughout the European Union
, in Italy
, Greece
, Austria
and Hungary
, as well as Turkey
, the Balkan countries and the United States
. Alro is a metal brand registered on the London Metal Exchange
.
Alro is also the largest electric-power consumer in Romania
, accounting for 8% of the national electric-power consumption.
Alro (ALR) is listed on the Bucharest Stock Exchange
and has a market capitalisation of around US$2 billion.
a Romania
n company based in Tulcea
that produced 540,000 tonnes of alumina in 2006 for around US$ 9 million. In December 2005 Alro bought a remaining 25% of Alum
shares from SIF1 for around US$4.4 million.
company listed on the London Stock Exchange
(Vico), owns 84% of Alro's shares.
Romania
Romania is a country located at the crossroads of Central and Southeastern Europe, on the Lower Danube, within and outside the Carpathian arch, bordering on the Black Sea...
and in Europe
Europe
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
. It started operation in 1965. Alro's primary aluminium facilities are located in Slatina
Slatina
Slatina refers to a number of geographical objects in Europe:In Albania:* another name for Slatine and for SllatinaIn Antarctica* Slatina Peak...
and currently comprise a smelter and processing facilities, including a cast house, hot and cold rolling mills and an extrusion shop.
In 2007 the output of primary aluminium reached 283,000 tonnes thus making Alro the largest aluminium
Aluminium
Aluminium or aluminum is a silvery white member of the boron group of chemical elements. It has the symbol Al, and its atomic number is 13. It is not soluble in water under normal circumstances....
producer in Eastern Europe
Eastern Europe
Eastern Europe is the eastern part of Europe. The term has widely disparate geopolitical, geographical, cultural and socioeconomic readings, which makes it highly context-dependent and even volatile, and there are "almost as many definitions of Eastern Europe as there are scholars of the region"...
excluding CIS
CIS
CIS usually refers to the Commonwealth of Independent States, a modern political entity consisting of eleven former Soviet Union republics.The acronym CIS may also refer to:-Organizations:...
countries.
More than 80% of Alro output is sold on the international market. Alro's products are sold throughout the European Union
European Union
The European Union is an economic and political union of 27 independent member states which are located primarily in Europe. The EU traces its origins from the European Coal and Steel Community and the European Economic Community , formed by six countries in 1958...
, in Italy
Italy
Italy , officially the Italian Republic languages]] under the European Charter for Regional or Minority Languages. In each of these, Italy's official name is as follows:;;;;;;;;), is a unitary parliamentary republic in South-Central Europe. To the north it borders France, Switzerland, Austria and...
, Greece
Greece
Greece , officially the Hellenic Republic , and historically Hellas or the Republic of Greece in English, is a country in southeastern Europe....
, Austria
Austria
Austria , officially the Republic of Austria , is a landlocked country of roughly 8.4 million people in Central Europe. It is bordered by the Czech Republic and Germany to the north, Slovakia and Hungary to the east, Slovenia and Italy to the south, and Switzerland and Liechtenstein to the...
and Hungary
Hungary
Hungary , officially the Republic of Hungary , is a landlocked country in Central Europe. It is situated in the Carpathian Basin and is bordered by Slovakia to the north, Ukraine and Romania to the east, Serbia and Croatia to the south, Slovenia to the southwest and Austria to the west. The...
, as well as Turkey
Turkey
Turkey , known officially as the Republic of Turkey , is a Eurasian country located in Western Asia and in East Thrace in Southeastern Europe...
, the Balkan countries and the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
. Alro is a metal brand registered on the London Metal Exchange
London Metal Exchange
The London Metal Exchange is the futures exchange with the world's largest market in options, and futures contracts on base and other metals. As the LME offers contracts with daily expiry dates of up to three months from trade date, along with longer-dated contracts up to 123 months, it also...
.
Alro is also the largest electric-power consumer in Romania
Romania
Romania is a country located at the crossroads of Central and Southeastern Europe, on the Lower Danube, within and outside the Carpathian arch, bordering on the Black Sea...
, accounting for 8% of the national electric-power consumption.
Alro (ALR) is listed on the Bucharest Stock Exchange
Bucharest Stock Exchange
The Bucharest Stock Exchange is a stock exchange in Bucharest, capital of Romania. On December 1, 2005, Bucharest's electronic over-the-counter stock market, Rasdaq, was merged with the Bucharest Stock Exchange....
and has a market capitalisation of around US$2 billion.
Takeover
In September 2005 Alro bought from Balli Group 67% of AlumAlum
Alum is both a specific chemical compound and a class of chemical compounds. The specific compound is the hydrated potassium aluminium sulfate with the formula KAl2.12H2O. The wider class of compounds known as alums have the related empirical formula, AB2.12H2O.-Chemical properties:Alums are...
a Romania
Romania
Romania is a country located at the crossroads of Central and Southeastern Europe, on the Lower Danube, within and outside the Carpathian arch, bordering on the Black Sea...
n company based in Tulcea
Tulcea
Tulcea is a city in Dobrogea, Romania. It is the administrative center of Tulcea county, and has a population of 92,379 as of 2007. One village, Tudor Vladimirescu, is administered by the city.- History :...
that produced 540,000 tonnes of alumina in 2006 for around US$ 9 million. In December 2005 Alro bought a remaining 25% of Alum
Alum
Alum is both a specific chemical compound and a class of chemical compounds. The specific compound is the hydrated potassium aluminium sulfate with the formula KAl2.12H2O. The wider class of compounds known as alums have the related empirical formula, AB2.12H2O.-Chemical properties:Alums are...
shares from SIF1 for around US$4.4 million.
Parent
In 2002 Alro was privatised and taken over by Marco Industries BV (later renamed into Vimetco NV). Vimetco NV, a DutchNetherlands
The Netherlands is a constituent country of the Kingdom of the Netherlands, located mainly in North-West Europe and with several islands in the Caribbean. Mainland Netherlands borders the North Sea to the north and west, Belgium to the south, and Germany to the east, and shares maritime borders...
company listed on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
(Vico), owns 84% of Alro's shares.