Slovalco

Slovalco
TypePrivate company
Industryaluminium
Founded1993
HeadquartersŽiar nad Hronom, Slovakia
Key peopleMilan 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. Instead of concentrating on primary aluminium production, the company re-oriented to remelting with an expected annual output of roughly 75,000 tons. In January 2023, the company shut down the remaining 10 cells, ceasing aluminium production in the city after almost 70 years.

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.

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