Alcomet AD is the largest Bulgarian manufacturer of rolled and extruded aluminium products. The company offers a broad range of aluminium semi-finished products from household to technical use with 95% of its total production exported, mainly to Europe and the US.
In 2020, Alcomet AD started looking for a reliable and flexible solution for the insurance of the company’s long-term assets, which amount to over €200 million in total value and face a complex range of varying risks given the technology, state-of-the-art equipment and large-scale facilities involved in its core activities.
The UniCredit Bulbank team together with UniCredit Insurance Broker supported Alcomet AD throughout the search process, starting by providing a pool of the most relevant options and later supporting the company with expertise in the selection phase which was completed in 2021.
As a result, Alcomet AD was able to find a suitable insurance solution to cover all the wide ranging and complex risks related to its production and payments as well as relations with partners, vendors and clients.
Semih Baturay, Member of the Management Board, Financial Director