Some factories in Europe continue to close. Among the sectors most affected by this situation was the production crisis in aluminum.
Some factories were closed due to energy costs, while others had to reduce production. The final closure decision took place in Romania. Production has fallen to its lowest levels since the 1970s.
Constantin Popescu, President of Romanian Aluminum Workers’ Union, is the aluminum producer in the country. “Alro Slatina” announced that his company has suspended production until May 2023 due to rising energy prices.
in the World Newspaper in the newsIn a statement to the press yesterday, Popescu stated that Alro Slatina company informed them that it has decided to suspend production until May 2023 due to rising energy prices.
Stating that they talked to the shareholders of the company, Popescu said that 2,200 employees at the factory will be unemployed and will receive social assistance.
Popescu reminded that the other factory of the same company, Alum Tulcea, also decided to stop production for 17 months as of August 1.
WHICH COMPANIES HAVE DECIDED TO STOP PRODUCTION
Europe’s largest aluminum plant, Aluminum Dunkerque Industries, will cut production at its Dunkerque plant by 22 percent.
German aluminum giant Speira will reduce its aluminum production by 50 percent as of October.
In Delfzijl, the Netherlands, Damco Aluminum and Aldel’s factory in Farmsum were shuttered.
Norsk Hydro has announced that it will cease production in Slovakia at the end of the month.
Slovenian company Talum and Norwegian Alcoa decided to reduce their production capacity.
Novelis, one of the largest buyers of aluminum, has announced that it will not accept Russian metal in potential new deals to supply European factories next year.
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