Press Release

(Žiar nad Hronom, February 27, 2026) Slovalco, a joint venture between Hydro and Penta Investments, has signed a Memorandum of Understanding (MoU) with Slovak government, establishing a framework for assessing a possible restart of the curtailed primary aluminium production at Slovalco. The MoU reflects a shared ambition to identify solutions that can support a restart of production at Slovalco, a top-tier aluminium smelter distinguished by its modern technology. The plant ranks among Europe’s most electricity-efficient primary aluminium producers, making it a strategically important industrial asset.

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Our Mission and Vision

Our mission is to produce aluminium using a modern ecological process and refine it into alloys of the required shapes and properties to meet the needs of the processers and end-users of products made of our metal. We will be:

  • exemplary in the area of occupational health and safety,
  • minimizing the environmental impacts of our activities,
  • a leader in quality and customer care,
  • a permanently growing company attractive to investors, engaged in all aspects of life cycle of aluminium,
  • an ambitious company focused on continual improvements

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Safety First

Our goals are:

  • no work accidents among employees of the company or contractors‘employees,
  • no occupational diseases among both the employees of the company and contractors’ employees,
  • prevention of major industrial accidents.
Occupational health and safety comes first in all Slovalco business activities and forms part of an integrated management system. We are aware of our responsibility for the safe operation of equipment for the production of aluminium and aluminium

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