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Slovalco

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Type
  
Private company

Key people
  
Milan Veselý, CEO

Website
  
http://www.slovalco.sk

Founded
  
1993

Parent organization
  
Hydro Aluminium AS

Industry
  
aluminium

Revenue
  
US$426 million (2006)

Headquarters
  
Žiar nad Hronom, Slovakia

Number of employees
  
490 (2014)

Slovalco httpsd1k5w7mbrh6vq5cloudfrontnetimagescache

Products
  
aluminium products, aluminium alloys

Slovalco is a large Slovak company that produces 160,000 tonnes of aluminium and aluminium products per annum.

Contents

History

  • December 1985 - approval of project by the CSSR'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 ZSNP while the remaining 55.3% is owned by Norwegian company Hydro Aluminium part of Norsk Hydro based in Oslo, Norway.

    References

    Slovalco Wikipedia
    (Text) CC BY-SA