Albchrome shpk, was first founded in the beginning of 1991, when, with the fall of communist regime, the path for private business and professional development of Industry in Albania, was opened and free. In 2000, important concessionary assets like: mines, smelters, enrichment plants, concentrate factories etc, all part of a major chrome industry infrastructure in Albania, were given to a private company by the Parliament of Albania, by means of a Concessionary Agreement.
This company, at the time called DARFO srl, worked and exploited these concessionary assets till 2007 when an Austrian – Russian group took over the concession and formed a new company called ACR (Albanian Chrome), which signed the beginning of technologic and industrial development of all the assets of this concession. This way, under the Austrian and Russian industrial expertise, two out of three furnaces installed in Elbasan Ferro – Chrome Plant were refurbished and their technology was changed to provide for a higher performance and production. Also Bulqiza Mine experienced a reconstruction of the whole exploitation scheme. Important investments were done for security, exploration and ore processing fields, making the company more efficient.
In 2009, ACR had a change in ownership, and DCM (Austrian investing group) took over 100 % of the shares of the Concessionary Agreement, becoming the only shareholder of ACR. DCM continued to improve and implement new projects and ideas to further develop the company into a modern European industrial business with high perspective for the future. In 2013, due to difficulties in actualizing investments, DCM sold the whole shares of ACR to Balkan Finance Group (BALFIN).
The actual engagement and future premises of this company (now named AlbChrome) proud part of BALFIN Group and all his representing structures are excellent so far. We are immediately and strongly working to renovate the technology used in smelters, increase safety investments in mines and implement new optimistic and courageous projects throughout all the assets with the final goal of increasing both productivity and quality of the operations and the products of the company.
Based on a successful background and an optimistic feeling for the future, BALFIN Group is expecting to realize the most ambitious projects and investments ever developed in Albanian Industry and to guarantee prosperity and healthy environment in every part/asset of AlbChrome for more years to come.