To achieve this goal, the company spent €61 million in the first half of 2007 of the €63 million budgeted for investments in 2008. “Investments made so far will allow us to have one third of total sales made up of high value added products by year end,” Alro Vice-President, Marian Nastase, said yesterday. He was attending a fair in Essen, Germany, dedicated to aluminum producers.
Alro Slatina applied a strategy based on producing sophisticated goods, in accordance with international market trends,” the company’s General Manager, Gheorghe Dobra, said. He added Alro constantly increased processed goods deliveries, to turn intro high added value products supplier, instead of raw aluminum supplier. During the Essen fair, the company is to display new products, recently added in its portfolio.
Alro’s major shareholder is international group Vimetco, controlled by Russian billionaire Vitali Matsitski.
