Alro to focus investments on processed products

The company announced it plans to reach 50,000 tons of processed products this year, compared to 31,000 tons in 2007.

Marian Nastase, Vice Chairman of the Board of Directors, said that technically production of 120,000 tons of processed products is possible, of a total 260,000 260,000 tons, the current production capacity. According to Nastase, the development of processed products is the best method for increasing turnover based on global demand.

Furthermore, the value of processed products have double compared to the price of a ton of aluminum, and company earnings can be up to 10 times higher.

The company’s investments in technology will also lead to a rise in productivity. At the end of 2007, Alro’s productivity was 90 tons per employee, and it plans to reach 120 tons this year.