Slovalco

Infobox_Company
company_name = Slovalco
company_type = Private company
foundation = 1993
location = flagicon|Slovakia Žiar nad Hronom, Slovakia
key_people = Milan Veselý, CEO
num_employees = 614 (2006)
revenue = US$426 million (2006)
industry = aluminium
products = aluminium products, aluminium alloys
homepage = [http://www.slovalco.sk/web/homepage_ne.nsf/mainFrameset?OpenFrameset http://www.slovalco.sk]

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.

Pictures

External links

* [http://www.slovalco.sk/web/homepage_ne.nsf/mainFrameset?OpenFrameset Home page]