Alro invests 53 million USD in energy efficiency and recycling of aluminium
Alro Slatina announced in Mid-May an investment plan of 53 million USD for this year, for the increase of both its energy efficiency and its recycling rate of aluminium waste, according to the company's press release 2016-06-15 22:37:35 - From the Print Edition
"Despite the market volatility, Alro continues its long-term strategy, focusing in 2016 as well on the increase of our capacity and output of higher added-value products, as well as on the decrease of our energetic dependency through the cut-down in consumption and upgrade of the recycling of aluminium," read the release. "The company budgeted investments of 53 million USD for 2016, most of the financing already being ensured."
Alro, the largest aluminium producers in Continental Europe (except for Russia and Scandinavia), registered in Q1 this year an adjusted net profit of 41 million RON (around 9.2 million Euro), compared to 23 million RON (more than five million Euro) in Q1 2015, representing more than 78 per cent growth (for RON). Nevertheless, the company's turnover was of 564 million RON (around 126.7 million Euro) in Q1, from 598 million RON (more than 134.3 million Euro) in the similar period of 2015.
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