Vimetco mulls over decrease in Alro stake
Aluminium group Alro SA in Romania reports that its majority shareholder Vimetco N.V., which currently holds more than 84% of the company’s share capital, is exploring strategic options for a potential decrease of its ownership stake in Alro, and is reviewing any available options depending on market conditions, including a secondary public offering of shares on the Bucharest Stock Exchange. No firm decision has yet been made to move forward with a transaction. Further announcements will be made as soon as a firm decision is made.
Alro S.A. in Romania has launched three new investment projects worth €15m that aim at decarbonizing the production process and increasing competitiveness.
Trimal-38 (AlSi8ZnMn) has the potential to reduce energy demand and to increase cost efficiency by avoiding heat treatment after casting.
HAI COO Markus Schober and John van den Nieuwelaar, technical managing director HAI Extrusion Group, on the European aluminium market and the investment decision in favour of Presezzi Extrusion Group.