Annual Reports

In 2024, Slovalco successfully operated with a new, optimised organisational structure introduced in the second half of 2023. This change was necessary in response to the decision taken in August 2022 to cease primary aluminium production. 2024 was therefore the first full year without this part of our production.

Despite these significant changes, we managed to maintain the highest levels of occupational safety and environmental protection. Last year we achieved a zero accident rate, prevented high-risk incidents, improved working conditions and reduced environ- mental impact. This would not have been possible without the dedication of our employees, for which I would like to express my sincere thanks.

We achieved very good results in our core process- es despite challenging circumstances.

Carbon Plant: We have successfully overcome the challenges and achieved the planned production volumes. Thanks to intensive cooperation with our Norwegian partners, we were able to secure the supply of anodes with optimal properties for the electrolysis process at external customers. We will use the experience gained to further improve our production processes.

Remelting of process scrap: This process in the Casthouse, where we manufactured products exclu- sively from remelted metal, was behind schedule in terms of production volume. This was mainly due to external factors such as lack of inputs from custom- ers and lower market demand. We expect this situa- tion to continue in the coming year and are therefore taking steps to adapt effectively. We have made two key investments in the operation: the installation of a preheating chamber to improve safety and the installation of new burners on one of the melting furnaces to increase remelting capacity.

Despite the technological and organisational chal- lenges, we have been able to meet our customers’ requirements while retaining key skills and com- petencies. We remain prepared for the possible restart of primary aluminium production. We are taking all necessary steps to ensure the readiness of our equipment and teams. At the same time, we are analysing and planning our procedures so that we can restart production as quickly and efficiently as possible when external conditions are met and agreed.

We recognise that the current situation in the alu- minium market and the industry in general remains complex. Although it is difficult to predict when an improvement will occur, we believe that such a situation will arise. Our priority is to be thoroughly prepared for that moment.

I am convinced that Slovalco has the potential for further development and growth. I would like to thank all my colleagues and partners for their work, efforts and support during this challenging period.

Milan Veselý

Chief Executive Officer