Slovalco

Updated on Dec 11, 2024

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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)

Products aluminium products, aluminium alloys

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

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

Contents

History

Ownership

References