Alro, the largest aluminium producer in continental Europe (excluding Russia and the Scandinavian Peninsula), celebrates 20 years of listing on the Bucharest Stock Exchange (BVB), a press release informs.
“The fact that Alro’s shares are listed for 20 years at the Bucharest Stock Exchange is, besides a reason to be proud, a proof of the solidity of the company. In these 20 years, Alro has transformed itself from a primary aluminium producer into a vertically integrated company providing high quality aluminium for the aerospace industry,” said Gheorghe Dobra, CEO Alro.
Cumulatively, in the 20 years of listing on the BVB, Alro registered a turnover of USD 10 billion, a net profit of USD 780 million and total investments of over USD 680 million, of which USD 570 million since the entry into private ownership, respectively since 2002. Total electrolytic aluminium production was four million tons, and casted aluminium, over 4.5 million tons.
“Alro is one of the first companies of national importance that have been listed on the Bucharest Stock Exchange since the first years of operation of the BVB. We congratulate Alro for its 20 years of impressive activity as a listed company and we are convinced that we will continue to see the same beneficial collaboration for both Alro, investors and the Romanian capital market”, said Lucian Anghel, President of the Board, Bucharest Stock Exchange.
Alro has transformed itself from a simple primary aluminium producer into a vertically integrated company with its own bauxite mine in Sierra Leone, its own alumina refinery – Alum Tulcea and its own aluminium processing division.
The massive investments made by the company allowed Alro to increase its production of electrolytic aluminium from 163,000 tonnes in 1997 to 207,000 tonnes in 2016. The company has increased its supply of high added-value aluminium both in primary and in processed aluminium segments. Thus, the production of ingots (cheap products) decreased from 105,000 tons to 8,000 tons, meaning 12 times. In contrast, aluminium wire production has grown about three times, and that of slabs, more than six times. In the processed segment, the extruded aluminium production increased 5.5 times and the flat-rolled products more than four times during the mentioned period. Alro also relied on increasing the quality and mix of products so that it could enter new markets such as the car manufacturing or the aerospace industry.
In addition to investment in equipment, Alro has also focused on implementing solutions to reduce specific consumption, with positive effects both in terms of operational efficiency plan and in terms of environment. Thus, electricity consumption decreased by 1,000 kWh per ton of electrolytic aluminium.