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Vimetco Extrusion, ALRO’s downstream subsidiary, starts the implementation of an automatic packaging line, a EUR 3.85 million sustainable development project.

  • 48% of the project’s value is secured through a grant from Innovation Norway, a EUR 2.8 billion initiative to reduce economic and social disparities by funding energy, climate change, and sustainable business development projects;
  • The automatic packaging line project is part of the company’s investment program to streamline the production process and increase the sustainable use of natural resources by reducing CO2  emissions andfuel consumption and increasing the annual collection of waste;
  • Vimetco Extrusion will continue developing and ensuring a diversified portfolio of solutions complying with all environmental protection standards through continuous investments in every area of its activity.

Slatina, 10 January 2022– ALRO S.A. (BVB: ALR, “the Company” or “ALRO”), one of the largest vertically integrated aluminium producers in Europe, measured by production capacity, announces that Vimetco Extrusion (VE), its downstream subsidiary in charge with the extrusion business line, starts the implementation of a new investment project aimed at streamlining and improving production capacity. This sustainable business development project, which takes place between July 2021 and June 2023,  has a total value of EUR 3.85 million, and its main objective is to apply innovation in one of VE’s main processes. Thus, the company will acquire an automatic packaging line for the extruded aluminium profiles to increase competitivity by applying green steps”for the extruded profiles production. This project will benefit from a grant of EUR 1.85 million (48% of the project value), from Iceland, Lichtenstein, and Norway through the EEA Grant Financial Mechanism 2014-2021 under the program “SME Development in Romania,” area of interest: Green Innovation in industry, Blue Growth, and ICT.

"Companies can build a sustainable future only by investing in the present, with consistency and consideration for all stakeholders, and Vimetco Extrusion successfully integrates this principle in its operations,” said Marian NĂSTASE, Chairman of the Board of Directors, ALRO. “Vimetco Extrusion proves through its investment program that it embraces a sustainable, predictable business model applying the highest standards in day-to-day activities and product manufacturing that remain key elements of its business,” added Marian NĂSTASE.

Through this investment, Vimetco Extrusion takes further steps to increase the added value offered to its stakeholders. It also represents proof of sustainably using the available natural resources, reducing energy consumption rates, and increasing operational efficiency while diversifying its portfolio of customized solutions offered. Moreover, the project’s results consist of growing the company’s turnover and reducing the CO2 emission, fuel consumption and waste generated in the production process.

“Innovation and collaboration are the main forces that determine the sustainable development of any company, and this is why we will continue to invest in technology along with partners who share our values and vision, such as Innovation Norway,” said Igor HIGER, Chairman of the Board of Directors, Vimetco Extrusion.Therefore, we will keep our focus on investments in state-of-the-art technologies that use and capitalize efficiently on the company's existing resources,” added Igor HIGER.

Vimetco Extrusion will continue developing and ensuring a diversified portfolio of solutions in compliance with all environmental protection standards through continuous investments in every area of its activity.

Innovation Norway is the Norwegian Government's most important instrument for innovation and development of Norwegian enterprises and industry and the Government's official representative abroad. The grants provided by Innovation Norway operate during funding periods, and for 2014-2021 the funding amounts to EUR 2.8 billion. It covers areas like climate change and energy, innovation and sustainable business development.

  • Vimetco Extrusion’s (VE”) cumulated turnover reached a level of over RON 3 billion in the past 15 years;
  • Investments realized of almost RON 140 million in new technology, streamlining and improving production capacity, increasing sustainable use of natural resources, energy efficiency, and employee professional training;
  • The current capacity is 25,000 tonnes per annum, planned to be extended to 35,000 tonnes per annum by the end of 2022;
  • The total cumulated production achieved a level of almost 285,000 tonnes of extruded products in this period and currently has a workforce of 330 employees;
  • Impressive evolving from 5,000 tonnes produced back in 2007, out of which 10% value- added products, to more than 25,000 tonnes in 2021 with over 56% value-added products and very high value-added products;
  • Over the past 15 years, Vimetco Extrusion paid over RON 76 million in local taxes.

Vimetco Extrusion, ALRO’s downstream subsidiary in charge with the extrusion business is celebrating its 15th anniversary in Romania. Having as a core value a customer-oriented approach since 2006, the company has constantly made investments in state-of-the-art technologies, high value-added products, qualified workforce and it is seen as a reliable partner by both customers and local communities.

 

Vimetco Extrusion has been very active in the business environment and participates each year in several prestigious international exhibitions for the aluminium industry. The company is a member of the European Aluminium Association and joined the Aluminium Stewardship Initiative in 2020 as it aims to contribute to enhancing sustainability in the global aluminium sector and achieve sustainable growth.

 

As shown since 2006, Vimetco Extrusion will continue to assert its role as a leader in the development of a sustainable and customer-oriented business. Our strategy includes access to the latest technologies available, creating high value-added products and offering the same reliability and stability in product delivery”, said Igor HIGER, Chairman of the Board of Directors and CEO, Vimetco Extrusion. The Company’s employees and partners represent   our greatest asset, and according to our long term vision  we will continue to foster collaboration and innovation and lay the future foundations for our upcoming achievements”, added Igor HIGER.

Actively developing a healthy and robust community, Vimetco Extrusion has proven commitment towards corporate social responsibility actions and initiatives. VE granted several sponsorships to projects with a significant impact on the local communities and the medical system while supplying high value-added products for heliports built on the roof of several Romanian emergency hospitals.

 

View the embedded image gallery online at:
http://www.vimetcoextrusion.com/en/news-media#sigProIda819d879a9
 
Vimetco Extrusion continues its program of increasing its production capacity with a new investment project evaluated around EUR 10 million
The project consists in the implementation and commissioning by September 2022 of a complete new state-of-the-art Aluminium profiles extrusion line
The extrusion line is fully automated and offers enhanced efficiency of the production process, alongside sustainable use of natural resources
Vimetco Extrusion will continue to develop and to ensure an extensive portfolio of solutions in compliance with all environmental protection standards through constant investments in every area of its activity

Slatina, 10 March 2021 – ALRO S.A. (BVB: ALR, “the Company” or “ALRO”), one of the largest vertically integrated aluminium producers in Europe, measured by production capacity, announces that Vimetco Extrusion, ALRO’s downstream subsidiary in charge with the extrusion business line, continues to invest in the development of high and very high value-added products through a project investment evaluated around EUR 10 million consisting in the acquisition and installation of an automated extrusion line, supplied by Presezzi Extrusion spa.

Read more: ALRO’s downstream subsidiary, Vimetco Extrusion, is investing around EUR 10 million in an...

Vimetco Extrusion is a deeply rooted member of local community well positioned to support long term plans to stop Covid , fight that requires the best of humanity collective efforts.

Therefore we have considered to sustains the efforts of the medical system thru a new donation of 53.570 RON that will help our ‘white dressed heroes’ to invest in necessary resources to act properly in protecting the most vulnerable.

Even from the initial phase of the sanitary crisis, Vimetco Extrusion has been an active player in the fight towards Covid 19 pandemic that has put an unprecedented mark on the modern history and  human kind , our donations cumulating over 126.620 RON.

 We will continue our mission together with our team and partners for a prosperous future that will allow us to allocate support to a strong and healthy community. 

Looking forward for a brighter future  , we would like to take this opportunity and  wish to the entire  Vimetco Extrusion team and all our partners a Happy New Year and peaceful holidays with your dear ones!

 

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