Vimetco Extrusion, a fully owned subsidiary of Vimetco – Alro S.A., commissioned an investment of 19 million lei, aimed at increasing the efficiency of the activity and the competitiveness, according to a company release.
The project, co-financed by the European Union, regarded the increase in production and exports volume, diversification of the product, through the purchase of an extrusion press, a billets oven with cutting system and a molding oven. These state-of-the-art equipment will allow Vimetco Extrusion to increase its competitiveness and the efficiency of the operations, offering the basis to enter new markets. The total value of the irredeemable financial assistance from the EU was of 7 million lei.
“In a highly demanding international market, we have to be able to offer a wide range of high quality extruded products, at competitive prices and this project developed with the support of the EU will allow us to accomplish this”, said Igor Higer, CEO of Vimetco Extrusion. “Besides widening the product range, the new technologies will also have a good impact on overall costs, as they will reduce consumption of energy”.
The new equipments will allow the company to expand the product range for aluminium profiles and alloys, such as special profiles used for architecture (production of doors, balconies, windows and furniture industry), special profiles used for auto industry and for the construction of wagons for trains, trucks. Moreover, the new equipments will increase the efficiency of the operations, reducing the scrap by 3%, and the energy consumption.