English
ALRO - Slatina (BSE:ALR), the largest aluminum producer in Central and Eastern Europe, completed technology and environmental investments worth over 61 million USD in the first half of the year, compared to a full-year budget of 63 million announced in the spring. The investments are focused on the production of high value-added goods, as well as on productivity and efficiency increases. "For the last six years, ALRO has been implementing a strategy based on the production of sophisticated products, in line with the trends on the international markets. We are transforming from a raw aluminium producer into a producer of high value-added products," said ALRO CEO Gheorghe Dobra. The company recently reported a 3.7% increase in the production of cast aluminium and a 39% increase in the production of processed products. ALRO has a share capital of 356.88 million RON divided into shares with a face value of 0.5 RON. Vimetco NV (former Marco Group) controls 84.19%, followed by Fondul Proprietatea with 9.93%. In the first half of the year, the company landed 214.7 million RON in profit, up by 3.7% y/y.
ALRO Has Spent 96% Of Y2008 Investment Budget
F.A.
English Section / 24 septembrie 2008
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