ALRO signed a new supply contract with Airbus

Wed, 10/18/2023 - 11:27

Slatina, 18 October 2023 – ALRO S.A. (BVB: ALR, “the Company” or “ALRO”), one of the largest vertically integrated aluminium producers in Europe, measured by production capacity, signed a new multi-year agreement with Airbus, a leading aircraft manufacturer. Under the terms of the contract, ALRO will supply Aluminium Flat Rolled Products for aircraft manufacturing. 

“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”, added Gheorghe Dobra.

ALRO signed the first multi-year contract with Airbus in 2016, the supply of flat rolled products starting 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 invested more than USD 885 million in improving technological performance, diversifying products’ portfolio and improving overall efficiency. 

Moreover, ALRO holds the NADCAP (National Aerospace and Defence Contractor Accreditation Programme) performance certification for conformity with aerospace industry requirements. The certificate was awarded by the NADCAP Management Council, in accordance with SAE Aerospace Standard AS 7003, following the testing of aluminium alloys produced at Slatina for heat treatment, conductivity measurement, tensile testing, hardness and metallography.

For further information, please contact:

www.alro.ro

Florența Ghiță 

Bucharest

Phone: +40 744 644 004

Email: investor.relations@alro.ro

Notes to the Editor:

ALRO Group 

The companies’ part of ALRO Group are: ALRO S.A. – manufacturer of aluminium, ALUM S.A. – producer of alumina, Sierra Mineral Holdings I, Ltd. – bauxite mining, Vimetco Extrusion S.R.L. – extrusion business line, Conef S.A. – holding and management company, Global Aluminium Ltd. – holding company and Bauxite Marketing Ltd – marketing, Vimetco Trading – aluminium sales. Having this structure, the Group created an integrated production chain assuring the raw materials for ALRO.

ALRO

ALRO is subsidiary of Vimetco PLC (Republic of Cyprus), a global, vertically-integrated primary and processed aluminium producer. The structure of ALRO’s shareholders is: Vimetco PLC (54.19%), Paval Holding (23.21%), Fondul Proprietatea (10.21%) and others (12.39%).

ALRO is one of the largest vertically integrated aluminium producers, by capacity, in Europe, having an installed production capacity of 265,000 tonnes per annum of electrolytic aluminium, 47,000 tonnes per annum of recycled aluminium and the Cast-House has a total cast aluminium capacity of 332,000 tonnes per annum and processing facilities of 140,000 tpa of hot and cold rolling facilities and extrusion shop.

The main market for ALRO products is represented by the European Union; the Company exports its products to the USA and Asia, as well. ALRO is ISO 9001 certified for quality management and has NADCAP and EN 9100 certificates for aerospace production organizations, ALRO’s products adhere to the quality standards for primary aluminium on the LME, as well as international standards for flat rolled products.

Starting from 18 March 2019, the Index Committee of the Bucharest Stock Exchange approved the inclusion of ALRO (code ALR) in BET, the main index of the market, and in BET-TR, the total return version of BET. ALRO’s shares have been listed on the Bucharest Stock Exchange since October 1997 and ALRO represents the first company in the aluminium industry present in these two indices.

Since 2020, ALRO and Vimetco Extrusion are members of ASI (Aluminium Stewardship Initiative), an international association that contributes to enhancing sustainability in the global aluminium sector.