On July 3, 2023, ALCOMET AD received approval for the implementation of the "ALUGREENDRY" project 2023/372952 with the financial support of the Norwegian Financial Mechanism 2014-2021, under the "Business Development, Innovation, and SMEs Programme in Bulgaria."

This significant project is a continuation of the previous ALUGREEN project and reinforces ALCOMET's commitment to environmental protection.

ALUGREENDRY will be held over the next 12 months in Shumen, Bulgaria. Its value is EUR 304,400, with the grant amount of EUR 152,200 representing 50% of the eligible costs.

The project includes investment in a new dryer for the treatment of sludge (waste from the anodizing process), using innovative and improved methods for drying this waste. Also, it is planned to purchase specialized equipment for anodizing bath in the newly built anodizing workshop. These investments will help increase the production capacity of anodized profiles and enhance the company's market position.

We expect the positive contribution to the environment to be a consequence of the savings in electricity and natural gas, as well as the reduction of CO2 emissions.

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Alcomet AD published this content on 03 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 October 2023 09:19:13 UTC.