MarketSlovalco
Company Profile

Slovalco

Slovalco is a large Slovak metallurgical company that produced 160,000 tonnes of aluminium and alloys per annum.

History
• December 1985 - approval of project by the ČSSR'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==
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. ==Gallery==
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