The surge in the price of many materials did not affect every Alicante-based company in the same way. While most firms saw a notable squeeze in their margins, a subset found the higher prices meaningful enough to boost earnings. In particular, a multinational aluminum operation achieved a striking turnaround. The owner of the rolling mill in the Agua Amarga district of Alicante reported a turnover increase approaching 40 percent in a single fiscal year, and profits exceeded 36 million euros thanks to the material’s price rise.
These positive results encouraged the company to plan further investments. There is intent to reopen the foundry and expand the plant in Amorebieta, alongside optimizing its existing facilities. A key part of the strategy has been to replace most of the external raw material with aluminum recycled within its own plants, a move designed to strengthen supply security and reduce exposure to volatile external markets. This shift has become a cornerstone of the firm’s profitability plan in recent years.
In this context, Aludium Transformación de Productos SL reported total revenue of 560 million euros for the year, according to the balances filed with the Commercial Registry. That figure marks a 40 percent rise from 2020, when revenue stood at 400 million euros. The gain is largely driven by higher aluminum prices in global markets and boosted production at the company’s two primary factories. A third facility in France maintains separate accounts. Within the Amorebieta plant, output rose by 17 percent, reaching 131,767 tons, while the Alicante facility contributed 64,625 tons to the consolidated total in the period evaluated.
Despite the impression of growing momentum, capacity utilization at the Alicante plant has often faced interruptions. A fire damaged one of the rolling lines, and full repair work did not complete until March. In the meantime, insurers paid out about 18 million euros in compensation, helping to offset losses and keep overall performance on a constructive trajectory.
Aludium will return to 100% production in March after repairing fire damage
This strengthening of revenue also meant leaving behind several years of red figures. The company posted a return to profitability after years of losses, turning around from losses exceeding 11 million euros in 2020 to a substantial positive result last year, contributing to a broader sense of financial recovery across the group.
Management notes that the impact of high energy prices has been mitigated through careful pricing and procurement strategies. In their official report, they indicate that roughly three quarters of energy consumption for the year was locked in with fixed-price contracts. They also emphasize that Russia and Ukraine have had minimal direct business with the group, reducing the likelihood of any direct exposure to those markets.
Regarding sales distribution, Aludium’s activity remained broadly diversified. The company’s domestic market accounted for about a fifth of sales, while the majority of revenue came from other European Union countries, with a notable portion directed to non-EU destinations. The organization employs around 837 people across its two Spanish facilities, underscoring its role as a regional manufacturing hub and employer in the sector.