Slovalco
TypePrivate company
Industryaluminium
Founded1993
HeadquartersŽiar nad Hronom, Slovakia
Key people
Milan Veselý, CEO
Productsaluminium products, aluminium alloys
Revenue US$426 million (2006)
Number of employees
490 (2014)
Websitehttp://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]

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

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.

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.

48°33′47″N 18°50′51″E / 48.56306°N 18.84750°E / 48.56306; 18.84750

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