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. Last Updated: 07/27/2016

Smelter Plans Increase

BRATISLAVA, Slovakia -- Slovalco, Slovakia's largest aluminum smelter, plans to expand its capacity by a third, but details of a loan to finance the endeavor remain to be settled, the company's administrative director said Monday.

The proposed expansion would raise the smelter's capacity to more than 140,000 metric tons per year from around 110,000 tons, administrative director Milan Vesely said.

"Negotiations are still going on. The owners are favorably inclined. It is clear what is to be done technically, but the whole thing is being held up by financing issues," Vesely said, adding the company was holding talks with foreign banks.