The company wants to boost the waste processing capacity to 90,000 tons/year and set up a new processing line for aluminum waste, with a capacity of 60,000 tons/year.
Alro reported a net profit of RON27 million for the first quarter, from RON6 million in the same period last year. The company also posted a turnover of RON564 million in January-March, compared with RON598 million in the first quarter of 2015.
Alro is a unit of Dutch Vimetco, which has operations in Romania, China and Sierra Leone. The company owns nearly 84.2% of Alro’s capital, while restitution fund Fondul Proprietatea owns 10.21%.
Alro Slatina has a market capitalization of RON742 million.