Slovalco is a large Slovak metallurgical company that produced 160,000 tonnes of aluminium and alloys per annum.
In 2022, Slovalco laid off most of its 450 employees, citing high energy costs.
[1] Instead of concentrating on primary aluminium production, the company re-oriented to remelting with an expected annual output of roughly 75,000 tons.
[2] In January 2023, the company shut down the remaining 10 cells, ceasing aluminium production in the city after almost 70 years.
[3] 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.