Vimetco Extrusion completed an investment of RON 19 million for increasing efficiency and competitiveness

Wed, 07/09/2014 - 11:42

• European Regional Development Fund co-financed the programme
• The total value of the irredeemable financialassistancefrom the EU is of RON 7 million 

Slatina, 09 July 2014 – Vimetco Extrusion (“The Company” or “Vimetco Extrusion”), fully owned subsidiary of Vimetco-Alro S.A., commissioned an investment of RON 19 million, aimed at increasing the efficiency of the activity and the competitiveness. The project, co-financed by the European Union, regarded the increase in production and exports volume, diversification of the product, through the purchase of an extrusion press, a billets oven with cutting system and a moulding oven. These state-of-the-art equipments will allow Vimetco Extrusion to increase its competiveness and the efficiency of the operations, offering the basis to enter new markets. The total value of the irredeemable financial assistance from the EU was of RON 7 million.

“In a highly demanding international market, we have to be able to offer a wide range of high quality extruded products, at competitive prices and this project developed with the support of the EU will allow us to accomplish this”, said Igor Higer, CEO of Vimetco Extrusion. “Besides widening the product range, the new technologies will also have a good impact on overall costs, as they will reduce consumption of energy”.

The new equipments will allow the Company to expand the product range for aluminium profiles and alloys, such as special profiles used for architecture (production of doors, balconies, windows and furniture industry), special profiles used for auto industry and for the construction of wagons for trains, trucks. Moreover, the new equipments will increase the efficiency of the operations, reducing the scrap by 3%, and the energy consumption.

For further information please contact:

http://www.vimetcoextrusion.com/

Notes to the Editors:

Vimetco Extrusion is a fully owned subsidiary of Vimetco-Alro S.A., the largest aluminium smelter in Central and Eastern Europe. The Company operates since the end of 2006 as a supplier of aluminium profiles in the range of 6xxx alloys.

In 2013, Vimetco Extrusion registered total sales of 22,548 tonnes, level close to 2012 (22,074 tonnes). Last year, the Company continued to focus on sales to Germany and Northern European markets, while expanding the domestic market share.