Slovalco

Slovalco
Type	Private company
Industry	aluminium
Founded	1993
Headquarters	Žiar nad Hronom, Slovakia
Key people	Milan Veselý, CEO
Products	aluminium products, aluminium alloys
Revenue	US$426 million (2006)
Number of employees	490 (2014)
Website	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

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.

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