Alro S.A., the largest aluminium producer in continental Europe (excluding Russia and the Scandinavian Peninsula), announced that the company will invest $100 million to increase the energy efficiency and specific consumption.
The plan is a part of the "Green Factory" program.The "Green Factory" concept will use aims green technologies that will enable Alro to produce high added value aluminium products.
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Gheorghe Dobra, General Manager of Alro S.A, said, “Now is the time to take the next step, to further reduce the industrial carbon footprint, but at the same time, to continue to increase the production of high and very high added value aluminium and to strengthen our position in sophisticated markets such as aerospace or automotive".
The business plan for the period 2017-2021 predicts total investments of over 190 million dollars, of which over 100 million dollars for energy efficiency projects.
Alro has completed over 16 million dollars investments in the first six months of 2017 in both the primary aluminium and the processed aluminium sectors. The investment will allow the company to expand its customer base in industries using high-quality aluminium.
Alro celebrated its listing on the Bucharest Stock Exchange (BVB). The company registered a turnover of 10 billion dollars, a net profit of 780 million dollars and total investments of over 680 million dollars, of which 570 million dollars since the entry into private ownership, respectively since 2002.
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