ALUMIL S.A., the largest aluminum-extrusion company in Greece, will be soundly supported for its substantial investment plan thanks to a ? 20 million long-term corporate loan provided by the Black Sea Trade and Development Bank (BSTDB). The capital-expenditure plan of ALUMIL S.A. involves investments in new equipment and industrial sites in Greece, Albania, FYROM, Serbia, Romania and Bulgaria, which will result in significant improvement of ALUMIL's competitive position in the Balkans and Black Sea markets.

The maturity of the loan is up to 6 years. ALUMIL foresees significant economies of scale deriving in its functional, investment and financial operations from the BSTDB loan. Furthermore, cost reduction is anticipated due to favorable loan terms and long term external financing is moving at a higher level than short-term.