“Our strategic concern is to build solid win-win relationships with the business environment by getting involved in projects that may contribute to the sustainable development of the local business environment,” EximBank president Traian Halalai said in a news release.
Alro, the largest aluminum smelter in southeast Europe, plans to continue the output increase strategy for high added-value end-product. It has recently finalized a RON44 million investment aimed at increasing the plant’s competitiveness, co-financed by the European Union.
In the January-September period, Alro posted a net adjusted loss of 21 million lei (EUR4.7 million) from a net adjusted profit of RON83 million in the year-ago period.
Alro said the sales of primary aluminum stood at 107,000 metric tons in the first nine months, nearly the same level as the one reported in the same period of 2012, while the sales of processed aluminum increased to 53,400 tons, from 48,400 tons in the year-ago interval.
Alro, which is owned by Dutch-registered group Vimetco, closed up 3.09% in Bucharest Friday. (EUR1=RON4.5301)