EimBank Agrees to Finances Romanian Aluminium Maker ALRO Slatina
ALRO Slatina
AP Technology

EimBank Agrees to Finances Romanian Aluminium Maker ALRO Slatina

EximBank has granted a financing facility amounting to RON 167 million to ALRO Slatina, the only producer of aluminium and

EximBank has granted a financing facility amounting to RON 167 million to ALRO Slatina, the only producer of aluminium and aluminium alloys in Romania and one of the largest vertically integrated aluminium producers in Europe, measured by production capacity. The funds are intended to provide the necessary liquidity for the current activity of the Company and were granted with a state guarantee issued under the state aid scheme COVID-19, dedicated to large companies.

The unpredictable economic environment created by the consequences of the pandemic - which severely affected two of the key market segments for ALRO, namely the automotive and aircraft industries, as well as low alumina prices were the main challenges that the Romanian aluminium producer sought to overcome by implementing several measures to reduce costs and improve purchasing and sales strategies.

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