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Romanian aluminum plant risks closure unless helped, trade union warns

Romania-insider - Romania’s only aluminum producer Alro Slatina, controlled by Russian group Vimetco, accumulated losses of USD 40 million in the first months of the year and risks being closed because of the high energy cost, according to the trade unions quoted by Ziarul Financiar daily.

The weaker demand caused by the economic slowdown induced by the coronavirus outburst contributed to the losses, union leader Constantin Popescu added. He claims that the energy price increased by 50% over the three years and the cost related to the emission certificates surged more than five times.

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