Aluminium holding taking shape

The plans of US trade company Marco International to create a holding comprising its companies in Romania have started to materialise by the consulting contracts concluded between Conef Bucharest, Alro Slatina and Alprom Slatina. Conef has therefore concluded a service contract and a sell-buy contract for natural gas with Alro, while Alro has concluded an electrical power-supplying contract with Alprom. Conef will also supply Alprom with 36.5 million cubic metres of natural gases. The contracts will enable Conef to provide certain services to Alro such as identifying raw material and material suppliers, comparing and selecting offers that may be interesting for Alro, devising contract drafts, participating in various negotiations or offering representation before the authorities in handling the import formalities. Conef is held by Marco Acquisitions, the investment division of Marco International, which bought it in 1999, while Alro and Alprom were bought from the Romanian State in 2002. ZF