Bulgarian aluminium product manufacturer Alcomet’s new rolling mill has begun operations, according to a statement by the company. The new rolling mill will boost the company’s annual capacity by 85,000mt in the coming years.
The company produces aluminium household, technical and container foils, sheets, and strips, as well as standard and customized profiles, and exports 90pc of its output.
Alcomet’s aluminium product output in the first nine months of the year (Jan-Sep, 2020) stood at 53,213mt, up by 3.1pc from the prior-year period.
The company is expecting its FY20 sales and output volumes to surpass the 2019 levels, despite the adverse economic impact of the COVID-19 pandemic on markets.
The company plans to start production of auto parts in 2021-2022 for a German company and has signed a ten-year supply contract.