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Slovalco
From Wikipedia, the free encyclopedia
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Slovalco is a large Slovak metallurgical company that produced 160,000 tonnes of aluminium and alloys per annum.
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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]
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History
- 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
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Ownership
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.
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References
External links
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