Alro allots $15.9 million for renewable energy and machinery to curtail carbon emissions

On October 10, Alro Group, a Romanian aluminium producer, announced plans to invest 15 million euros ($15.9 million) in three projects aimed at curtailing its ecological impact and increasing competitiveness. Among these projects is the installation of a 1,500 KW photovoltaic (PV) power station in Alro's parking areas to generate renewable energy.
Alro allots $15.9 million for renewable energy and machinery to curtail carbon emissions
The press release also specified this investment will also be used to expand the fume treatment plant to meet new emission targets and acquire new machinery to enhance the company's prowess by expanding its product range. With its amplified virtue for sustainability, the company might reduce emissions along its molten metal treatment line, smelting and castings units.
Alro is also plotting to acquire specific machinery that might help in expanding its product range to meet certain customer needs from the aerospace to automotive industries, in turn igniting healthy competition.
The CEO of Alro, Gheorghe Dobra, claimed: "The projects we are starting now have the role of reducing carbon emissions by generating a quantity of renewable energy that is so necessary for the company's activity but above all to considerably reduce the carbon footprint for our operations in the cast house."
Over the past 20 years, the company has invested $885 million (834.7 million euros) in technology, operational efficiency, and environmental protection. Alro's operations extend across Romania, China, and Sierra Leone, with a production unit in Slatina and an alumina plant in Tulcea.
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Cyprus-based aluminium-producing group Vimetco owns 54.19 per cent of Alro, while Paval Holding, the owner of the Romanian DYI retailer Dedeman, owns 23.21 per cent. Local restitution fund Fondul Proprietatea owns a 10.21 per cent stake in Alro. Cyprus-based Vimetco owns 54.19 per cent of Alro, while Paval Holding and Fondul Proprietatea own 23.21 per cent and 10.21 per cent stakes, respectively.
source：https://www.alcircle.com/news/alro-allots-15-9-million-for-renewable-energy-and-machinery-to-curtail-carbon-emissions-100573