Alro S.A. Applies Ethical Business Conduct in All Company Activities
Thu, 24/07/2014 - 15:50
Slatina, July 24, 2014 – In response to press reports concerning coordinated actions by the Prosecutor's Office and the Police to combat tax evasion involving a group of companies trading in ferroalloys, which include our company among their clients, Alro S.A. (BVB: ALR, "the Company" or "Alro"), one of the largest aluminum producers in Central and Eastern Europe, informs the market and interested parties that it strictly adheres to corporate governance rules and requires all its employees to follow the Professional Code of Ethics.
The Professional Code of Ethics outlines a set of ethical business behavior rules and methods for preventing illicit and illegal activities that may arise during business operations. The code is mandatory and applies to all structures within Alro S.A. All employees must comply with these regulations in both letter and spirit.
As a result, Alro S.A. fully cooperates with relevant authorities in their efforts to enforce the law concerning the company's activities and the entities it has engaged with in the course of regular business. The Company strongly asserts that no allegations have been made against it or its management regarding the supposed tax evasion case. The individuals linked to the investigated transactions are considered witnesses in this matter.
For more information, please contact:
Florenta Ghita
Premium Communication
Bucharest
Phone: +40 (0) 21 411 01 52
Email: florenta.ghita@premiumpr.ro
Note for Editors:
Alro is a subsidiary of Vimetco N.V., a global producer of primary and processed aluminum, vertically integrated. Alro is one of the largest aluminum producers in Central and Eastern Europe, with an installed production capacity of 265,000 tons per annum.
The main markets for Alro’s products are the European Union (Hungary, Poland, Greece, Germany, and Romania). The company also exports to the USA and Asia. The plant is ISO 9001 certified for quality management and holds NADCAP and EN 9001 certifications for its aerospace production units. Alro’s products meet the quality standards for primary aluminum set by the London Metal Exchange (LME) and international standards for flat-rolled products.
The content of www.alro.ro is not incorporated and does not form part of this announcement in any way.