Vimetco Extrusion has just successfully tested the new equipment by extruding the first billets on this line.
This new automatic extrusion line for aluminium profiles is the third one for Vimetco Extrusion. The new press sustains Vimetco Extrusion strategy to increase its production capacity for high value-added aluminium products, thus delivering to its customers an extensive portfolio of customized solutions, the company said in a stock market report.
“ALRO Group believes that focusing on strategic investments, processes optimization, and cost control represents a suitable and reliable strategy to support our business and help us navigate through these challenging times. This strategy applies to all our subsidiaries, and Vimetco Extrusion’s completion of a new automatic extrusion line is the latest example”, said Marian Nastase, Chairman of ALRO’s Board of Directors. “This is yet another step towards increasing the portfolio of high and very high value-added products, while consolidating the relationship with our customers by offering them a reliable, long-term partner capable of delivering tailored products and services”, added Marian Nastase.
The 7” extrusion line is highly efficient in terms of production capabilities and reduced energy consumption. Thus, the entire process is automated, being able to extrude profiles up to a length of 60 meters, with a speed of 50 meter/minute, while having the lowest guaranteed gas consumption on the market and being equipped with an efficient energy-saving system, as well as with independently operated water and air-cooling zones designed to efficiently allocate resources.
The new extrusion line will increase Vimetco Extrusion’s yearly production capacity by 11,000 tonnes, reaching a total annual capacity of 35,000 tonnes by the end of 2022.
ALR shares have lost 22% since the beginning of 2022 amid deals worth RON11.7 million, in line with stock market data. The company has a market capitalization of almost RON1 billion.