“The manufacturing stoppage will influence 300 plant employees and thousands of exterior staff members,” reported Milan Veselý, CEO of Slovalco.
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Slovalco has progressively constrained manufacturing considering the fact that the starting of 2022 and the aluminum manufacturing will absolutely conclude at the conclusion of September 2022.
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“Slovalco is one of the most environmentally pleasant and modern day aluminum plants in the earth and is one particular of the premier companies in the Banská Bystrica area. That’s why we regret that, even as a end result of govt inaction, the custom of around 70 a long time of aluminum manufacturing in Žiar nad Hronom will finish, “included Veselý.
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“Now you will have to shop in China or Russia”
He recalled that Slovalco is a important supplier not only for Slovakia but also for European providers. “By stopping generation, Europe will be pressured to import aluminum from countries these kinds of as China or Russia,” pressured the director of the factory.
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European smelters are estimated to have lowered aluminum generation from 800,000 to 900,000 tons for each calendar year since electricity price ranges commenced to rise very last yr, Reuters noted. Analysts say creation could decrease by an additional 750,000 tons in the coming winter season, which signifies increased steel shortages and larger costs for European customers in the transport, packaging and construction sectors.
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The aluminum plant is owned by Norsk Hydro (55.3%) and Penta Investments (44.7%). It has the capability to make 175,000 tons of aluminum for every calendar year.
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