Completion of Project co-funded by the European Fund for Regional Development

Tue, 01/29/2019 - 17:03

Important event to be reported:

The Company ALRO SA, with its headquarters in Olt County, Slatina, no. 116 Pitesti street, has implemented, starting September 5th, 2016, the project “Investments in the R&D Department of ALRO aiming at improving the research infrastructure for the aluminium alloy heat treated plates with high qualification industrial applications“, based on the Funding Contract no. 42/05.09.2016 concluded with the National Authority for Scientific Research and Innovation, in its capacity as Intermediary Body (OI) acting in the name and on behalf of the Ministry of European Funds (MFE) as Management Authority (AM) for the Competitiveness Operational Programme (POC).

The goal of the project is to foster the increase of the research- development and innovation capacity for the purpose of boosting the innovation level and market competitiveness of ALRO SA and to increase private investments in RDI.

The general objective of the project is directly related to the project goal.

Hence, the project general objective is to increase the research- development and innovation capacity for the purpose of boosting the Company’s innovation level and market competitiveness, i.e. to develop research, technological development and innovation in order to increase the Company’s business competitiveness by innovation, as well as to improve the RD infrastructure, improve the Company’s capacities for excellence and the Company’s scientific capacity in intelligent specialization areas.

The specific objectives of the project „Investments in the R&D Department of ALRO aiming at improving the research infrastructure for the aluminium alloy heat treated plates with high qualification industrial applications” are as follows:

• Increase the private investments of ALRO SA in RDI, respectively increase the utilisation of the RD infrastructure of ALRO SA for the purpose of developing new research strands;
• Increase the market competitiveness of ALRO SA by diversifying the range of manufactured finished products, as a direct result of supporting intelligent specialization;
• Increase the potential of the cluster which ALRO SA is part of, by achieving new research-development subjects/ programmes whose results, once put in practice, provide positive growth potential to the communities where ALRO SA operates, namely the South – West Region;
• Increase the number of researchers working in ALRO SA with improved facilities, by creating new jobs;

The project results consist in the purchase and commissioning of research – development equipment, namely:

• Independent equipment for the research of aluminium alloy plates quenching process;
• Independent equipment for the research of the residual stress removal process for the aluminium alloy plates with thickness lower than 20mm;
• Independent equipment for the research of aluminium alloy plates aging process.

Total Value of the Project: 115,037,887.76 Lei

Non-refundable financial contribution: 35,984,347.05 Lei

(Financial contribution from the European Union: 30,586,694.99 Lei /

Financial contribution from the National Budget: 5,397,652.06 Lei)

The funding project implementation period: 30 calendar months;

Project starting date: 05.09.2016

Project completion date: 04.03.2019

SMIS code: 103655 ID : P_34_258

„Project co-funded by the European Fund for Regional Development through the Competitiveness Operational Programme 2014-2020”.