The Bank has further expanded its long-term cooperation with Alro Group by providing a USD 40 million loan to finance some long-term capital expenditures of the Group, including energy efficiency investments.

Alro is Romania’s only aluminium producer and the largest primary aluminium production facility in the Central and Eastern Europe (excluding CIS) by volume, with annual installed production capacity of 265,000 tonnes of electrolytic aluminium. The main markets for the aluminium manufactured by Alro are within the EU, the USA and Asia.

In accordance with Alro Group’s strategy in Romania, aiming at securing its positioning in the market via increased production capacity of higher value-added products and more efficient energy consumption, as well as less exposure to the aluminium and electricity price swings, several projects have been undertaken by Alro Group. The overall cost of the current investment program will be USD 208 million and will aim to modernize, reduce costs, and improve energy efficiency between 2024-2028. Alro Group is one of the largest producers and energy consumers in Romania, hence lowering its energy cost, enhancing its product diversity, quality and safety adds substantially to its competitiveness.

BSTDB participation in the Operation will bring a positive development impact as it will generate additional export and tax revenues, support the investments of a successful company in Romania, and promote the cooperation among member states via investments and exports.