Slovalco Slovalco is a large Slovak company that produces 160,000 tonnes of aluminium and aluminium products per annum .History December 1985 - approval of project by the CSSR's government in Prague ; March 1986 - know - how contract signed with Hydro Aluminium and start of construction ; 1987 - carbon plant is finished 1989 - potroom is finished 1989 - last year of financing from state centralized sources 1992 - construction ceases April 1993 - negotiation with EBRD 7 June 1993 - Slovalco is founded July 1994 - Slovalco signs a sovereign guaranteed loan agreement with EBRD October 1994 - EBRD and Hydro Aluminium become shareholders June–December 1995 - the first 172 cells put into operation 1996 - full operation of electrolysis - 112,000 tons produced August 2003 - 54 additional reduction cells put into operation - 226 cells in operation June 2004 - the millionth tonne of aluminium producedOwnership Slovalco is owned 44.7% by a Slovak company called ZSNP while the remaining 55.3% is owned by Norwegian company Hydro Aluminium part of Norsk Hydro based in Oslo, Norway .Gallery
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