Under the terms of the contract, Alro will supply aluminum flat rolled products for aircraft manufacturing, Alro said in a report to the Bucharest Stock Exchange, without revealing the value of the deal.
“This new agreement with Airbus is yet another acknowledgment of our capacity to supplying best quality aluminium plates for the aerospace industry”, said Gheorghe Dobra, Alro CEO.
“In a very challenging and volatile aluminium market, Alro proved constancy in quality and supply for a highly demanding industry such as aerospace. And this achievement was possible thanks to our constant investments in state-of-the-art technologies, processes, and employees.”
Alro signed the first multi-year contract with Airbus in 2016 and the supply of flat rolled products started in 2017.
The production of plates for the aerospace industry is part of Alro’s strategy to diversify production of high and very high added value aluminium and was possible thanks to constant investments in sophisticated technology. Over the past 20 years, Alro has invested more than $885 million in improving technological performance, diversifying products’ portfolio and improving overall efficiency, the company said in the report.
(English version by Loredana Fratila-Cristescu)