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Romanian aluminum producer Alro reported that it will cut primary aluminum production due to rising energy prices .Primary aluminum production activity will be reduced from five electrolysis rooms to two rooms.
The company will resume its full production operations when energy market conditions return to normal.
The production schedule for 2022 is based on preserving liquidity, ensuring timely payment of wages, taxes, and debts, and reducing its dependence on electricity. Alro also intends to maintain or even increase the portfolio of processed products and reduce the portfolio of primary products in order to achieve a balanced and efficient production mix.
In 2022, the company will implement measures to reduce costs and streamline operations, and the quantities of primary metal that will no longer be produced will be partially offset by recycled metal or primary metal purchased from third parties.
A subsidiary of Vimetco N.V., Alro is one of the largest vertically integrated aluminum producers in Europe, with an installed production capacity of 265,000 tons per year of electrolytic aluminum, 35,000 tons per year of recycled aluminum and 335,000 tons per year of cast primary aluminum.
The Alro Group includes aluminum producer Alro, aluminum extrusion business line Vimetco Extrusion, alumina producer Alum, bauxite mining company Sierra Mineral Holdings, holding and management company Conef, holding company Global Aluminium Ltd. and marketing services provider Bauxite Marketing Ltd.
