Alro aims for 750m euros in 2006

Alro Slatina, the leading primary aluminium smelter in Central and Eastern Europe, estimates the turnover of the group at whose core it resides to go up by some 30%, to 750 million euros next year. The increase is mainly due to the acquisition of its main raw material supplier, Alum Tulcea. The group”s total sales amount to approximately 580 million euros this year, according to corporate estimates. “The acquisition of Alum helped turn the group into an integrated aluminium company. The group now comprises an aluminium smelter, Alro Slatina, a company that makes aluminium derivative products, Alprom, and a raw material supplier, Alum. The consolidated turnover of the three companies could thus exceed 900 million dollars (750 million euros) next year,” stated Marian Nastase, vice-chairman of the Board of Directors of Alro Slatina. Alro intends to carry out a series of investment programmes next year, whose value should amount to some 700 million dollars (580 million euros). About 200 million dollars (168 million euros) of this sum account for technological and environmental investments for all the companies in the group, while approximately 500 million dollars (420 million euros) are being invested to boost Alro”s production capacity to 420,000 tones of aluminium per year. ZF