Business Financial Newswire - Aluminium producer, Vimetco says that its Romanian subsidiary, Alro SA, has concluded negotiations with Hidroelectrica for the electricity supply of three TWh/year until 2018.
CEO Frank Mueller says: “The supply contract for electricity consolidates the predictability of the business and allows us to further implement the development programme, as part of an integrated aluminium producer.
"It will offer Alro the basis to secure its own aluminium production in Romania and to further develop the production of higher added value products in Slatina. This, along with securing the alumina supply for Slatina via Alum Tulcea, gives Alro a good platform to continue production with long term, reliable conditions.
"We are now confident in our long term plans for producing aluminium in Romania.”
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