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Slovalco is a large Slovak metallurgical company that produced 160,000 tonnes of aluminium and alloys per annum.
| Company type | Private company |
|---|---|
| Industry | aluminium |
| Founded | 1993 |
| Headquarters | Žiar nad Hronom, Slovakia |
Key people | Milan Veselý, CEO |
| Products | aluminium products, aluminium alloys |
| Revenue |  US$426 million (2006) |
Number of employees | 490 (2014) |
| Website | http://www.slovalco.sk |
In 2022, Slovalco laid off most of its 450 employees, citing high energy costs.[1] Instead of concentrating on primary aluminium production, the company re-oriented to remelting with an expected annual output of roughly 75,000 tons.[2] In January 2023, the company shut down the remaining 10 cells, ceasing aluminium production in the city after almost 70 years.[3]
History edit
- December 1985 - approval of project by the ČSSR's government in Prague ;
- March 1986 - know - how contract signed with Hydro Aluminium and start of construction ;
- 1987 - carbon plant is finished
- 1989 - potroom is finished
- 1989 - last year of financing from state centralized sources
- 1992 - construction ceases (65% of project complete)
- April 1993 - negotiation with EBRD
- 7 June 1993 - Slovalco is founded
- July 1994 - Slovalco signs a sovereign guaranteed loan agreement with EBRD
- October 1994 - EBRD and Hydro Aluminium become shareholders
- June–December 1995 - the first 172 cells put into operation
- 1996 - full operation of electrolysis - 112,000 tons produced
- August 2003 - 54 additional reduction cells put into operation - 226 cells in operation
- June 2004 - the millionth tonne of aluminium produced
Ownership edit
Slovalco is owned 44.7% by a Slovak company called Penta Investments while the remaining 55.3% is owned by Norwegian company Hydro Aluminium part of Norsk Hydro based in Oslo, Norway.
Gallery edit
References edit
- ^ a.s, Petit Press. "Vláda nezasiahla, Slovalco končí. Nepomohli mu ani silní majitelia". index.sme.sk (in Slovak). Retrieved 2023-01-09.
- ^ Hlaváčová, Michaela (2022-08-17). "Slovalco ukončí výrobu primárneho hliníka". Správy RTVS (in Slovak). Retrieved 2023-01-09.
- ^ Aktuality.sk. "Výroba hliníka v Žiari nad Hronom sa končí, Slovalco odstavuje posledné pece". Aktuality.sk (in Slovak). Retrieved 2023-01-09.