Alro S A : Current report in compliance with of no. 92 ind 3 of Law no. 24/2017 (ALRO S.A. & VIMETCO EXTRUSION S.R.L.)
January 15, 2021 at 07:56 pm IST
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Fri, 01/15/2021 - 16:19
Please be informed by the present Current Report that ALRO S.A. concluded with the company VIMETCO EXTRUSION S.R.L. (member of Alro Group registered with the Financial Supervisory Authority), on the date of
January 15th, 2021, new transactions, based on contracts for services, for water sales and rental, whose cumulated value with the other transactions concluded/ carried out within the last 12 months, cumulatively exceeds 5% of the Company's net assets, as per ALRO S.A. standalone financial statements for the year 2019, in amount of RON 37,077,541.
Details regarding the transactions concluded January 15th, 2021 by ALRO S.A. with VIMETCO EXTRUSION S.R.L., containing information on the transactions date of conclusion, nature, description of its object, mutual receivables and debts are presented in Annex 1 hereto.
Annex 1 - Reporting of the transaction concluded on January 15 th 2021 and of mutual receivables and debts (balances) as of 31 December 2020
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Alro SA published this content on 15 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 January 2021 14:25:02 UTC
Alro SA is a Romania-based company engaged in the manufacture of aluminum. The Companyâs portfolio includes primary aluminum products, such as wire rod, billets, slabs, foundry alloys and ingots, as well as processed aluminum products, such as aluminum plates from soft, medium and hard alloys, including non heat-treated plates and heat-treated plates, sheets, coils, tread plates, embossed sheets and coils, corrugated and heat treated sheets and extrusions. Through its subsidiaries, the Company is also involved in the production of alumina and in the bauxite mining. The Company operates four main production units, including anode facility, electrolytic facility, cast house and processing plant, as well as ancillary and service units, such as electric current transformation and rectification unit, the metallurgical repairs unit, and the pot and furnace repair unit, among others. As of June 30, 2011, the Companyâs subsidiaries included Alum SA, Conef SA and Vimetco Extrusion Srl.