Alro reported a loss of RON108.55 million and revenue of RON1.99 billion in 2014.
For this year, Alro estimates revenues of $663.6 million and wants to invest $58.965 million.
On a group level, Alro’s owner Vimetco posted a loss of RON63.57 milllion in Romania last year and revenues from sales of RON2.108 billion.
Last year, the total primary aluminum production was of 263,000 metric tons, while the processed aluminum production was of 78,000 tons, 7,000 tons more than in 2013, the company said in a statement. “In 2014, Alro registered an increase of the sales for the added value products, by 6,000 tons, while the primary aluminum segment reported similar sales as in 2013.”
Alro is a unit of Dutch-held Vimetco, which has operations in Romania, China and Sierra Leone and is listed on the London Stock Exchange. The company owns nearly 84.2% of Alro’s capital, while Fondul Proprietatea owns 10.21%.