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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 |
Slovalco is a large Slovak metallurgical company that produced 160,000 tonnes of aluminium and alloys per annum.
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]
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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