Alro Slatina, the largest aluminium producer in continental Europe (excluding Russia and Scandinavia) has been announced on 6th of September 2016 about the signing of the financing agreement for the implementation of the “Investments in the CD department of Alro, destined to improve infrastructure research on the heat-treated sheets made out of aluminium alloy with high qualification industrial application”, by the representatives of the National Authority for Scientific Research and Innovation as Intermediary Entity (IE) in the name of and for the Ministry of European Funds (MEF) as Management Authority (MA) for the Operational Competitiveness Program (OCP).
The total value of the project is of over RON 115 million out of which the irredeemable financial assistance is of almost RON 36 million, a press release informs on Thursday. The project is being implemented over a period of 24 months.
“Investments in the research and development field are extremely important for Alro in order to ensure economic competitiveness through innovation, while improving the R&D infrastructure and the excellence of the capacities of the enterprise, along with the scientific capacity of the company in the areas of smart specialization. The development of the R&D infrastructure will lead to increased competitiveness of Alro through diversification of its manufactured products of heat-treated sheets of aluminium alloy with highly qualified industrial applications,” the release reads.
The purpose of the project is the acquisition of research-development equipment: independent equipment for the research of the hardening process of the aluminium alloy sheets; independent equipment for the research of the internal tension elimination process from the aluminium alloy sheets no thicker than 20 mm; independent equipment for the research of the aging process of the aluminium alloy sheets.
The market capitalization of the aluminum producer is RON 888.6 million (EUR 200 million), after 1,200 transactions were developed since the beginning of this year, with an aggregate value of RON 258,656, which led to a depreciation of 5.68 percent of a ALR share, as zf.ro informs.