Alro Slatina negotiates for $180 million EBRD loan
The EBRD loan would help create a stable financial structure for the company and ease the consolidation process.
The financing agreement would allow the company to continue its $50 million investment plan scheduled between 2010 and 2012, which should go into product improvement, energy efficiency projects, environment protection and work safety projects.
The EBRD has finalized a due-diligence on Alro and the project will be submitted to its board on June 8. Alro posted a $25.6 million profit last year, at a turnover of around $462.5 million.
Alro is a subsidiary of Vimetco, international producer of primary and processed aluminium.