Romania’s Alro Invested $77 Million to Lower Energy Consumption
Alro SA (ALR), a Romanian smelter, said it completed last year investments worth $77 million aimed at increasing energy efficiency, according to a filing to the Bucharest Stock Exchange.
The Romania Slatina-based company, majority owned by Vimetco NV (VICO), increased its aluminum production to a maximum of 288,000 tons in 2008 from 240,000 tons in 2005 following investments in lowering electricity, gas and water consumption, according to the statement.
To contact the reporter on this story: Andra Timu in Bucharest at firstname.lastname@example.org.
To contact the editor responsible for this story: James M. Gomez at email@example.com
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.