Slovalco

Last updated
Slovalco
Type Private company
Industry aluminium
Founded1993
Headquarters Žiar nad Hronom, Slovakia
Key people
Milan Veselý, CEO
Products aluminium products, aluminium alloys
Revenue Green Arrow Up.svg 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.

Contents

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

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.

Slovalco aerial.jpg

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References

  1. a.s, Petit Press. "Vláda nezasiahla, Slovalco končí. Nepomohli mu ani silní majitelia". index.sme.sk (in Slovak). Retrieved 2023-01-09.
  2. Hlaváčová, Michaela (2022-08-17). "Slovalco ukončí výrobu primárneho hliníka". Správy RTVS (in Slovak). Retrieved 2023-01-09.
  3. Aktuality.sk. "Výroba hliníka v Žiari nad Hronom sa končí, Slovalco odstavuje posledné pece". Aktuality.sk (in Slovak). Retrieved 2023-01-09.

Coordinates: 48°33′47″N18°50′51″E / 48.56306°N 18.84750°E / 48.56306; 18.84750