What Talum B does

Talum is a vertically integrated Slovenian aluminium producer, founded in 1947 with production commencing in 1954 and listed on the Ljubljana Stock Exchange. The company operates a full value chain spanning primary aluminium electrolysis, secondary aluminium casting (recycling of scrap and waste), and processing into finished and semi-finished products. Its core product portfolio includes aluminium alloys and billets (zlitine/drogovi), die-cast aluminium castings (ulitki), aluminium slugs and discs (rondelice) for packaging, and evaporators/heat exchangers (izparilniki) manufactured using roll-bond technology. The HEATRAPLATES sub-brand, consolidated in 2019, targets electric vehicle battery thermal management with roll-bond cooling plates.

Talum serves industrial B2B customers across four primary verticals: automotive and e-mobility (battery cooling, castings), industrial manufacturing (mechanical engineering, forgings), construction, and the electrical industry. Revenue is generated through one-time sales of physical aluminium products, supplemented by ancillary streams including aluminium scrap purchasing and recycling, accredited laboratory and environmental monitoring services through Talum Inštitut d.o.o. (LP-045 accredited), logistics and infrastructure services, and minor consumer product lines (urban equipment, furniture). The go-to-market relies on direct enterprise field sales, international trade fair presence (Aluminium Düsseldorf, Battery Show Europe, Euroguss, GIFA, NEWCAST), and a multilingual corporate website. A network of wholly-owned subsidiaries covers specialised operations: Talum Castings, Talum TSI (service and engineering), Talum Izparilniki (heat exchangers), Ekotal (waste management), Vargas-Al (physical protection/fire safety), and Vital (catering).

In 2020, Talum reported operating revenues of €266.5 million and net sales revenue of €242.1 million, produced 114,752 tons of aluminium goods and sold 117,090 tons, with a workforce of 1,438 employees yielding €38,889 of added value per worker. The company is positioning itself around the green transition, targeting carbon neutrality by 2030, and has pursued digital transformation through the ALUMINIJ 4.0 initiative alongside R&D partnerships (MARTIN project with Impol, ABS Network). Capital structure consists of 5,361,292 shares following a 2016 capital increase, with Deloitte Revizija d.o.o. as appointed auditor.

Name

Talum B

Legal name

TALUM Tovarna aluminija d.d. Kidričevo

Website

https://talum.si

Company type

Public

Founded year

1947

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Talum is a vertically integrated Slovenian aluminium producer (founded 1947) manufacturing primary aluminium, billets, castings, slugs, and HEATRAPLATES roll-bond heat exchangers for EV battery cooling, serving automotive, construction, electrical, and industrial B2B customers across 100+ countries.

Ownership category

akta.pro rank

Product category

Aluminium Manufacturing

NAICS

Alumina and Aluminum Production and Processing (3313), Alumina Refining and Primary Aluminum Production (331313), Secondary Smelting and Alloying of Aluminum (331314), Other Aluminum Rolling, Drawing, and Extruding (331318)

SIC

Primary Production Of Aluminum (3334), Primary Smelting & Refining Of Nonferrous Metals (3330)

akta.pro primary industry

Primary Aluminum Smelting (IMAKACAC)

akta.pro secondary industries

Secondary Aluminum Smelting & Recycling (Remelt) (IMAKACAD), Aluminum Casting & Ingot/Billet/Slab Production (IMAKACAE), Aluminum Value-Added Components (Automotive, Aerospace, Packaging, Building Systems) (IMAKACAM)

Keywords

• Primary aluminium production
• Aluminium billets and alloys
• Aluminium castings
• Aluminium heat exchangers
• EV battery cooling

Headquarters

HQ city

Kidricevo

HQ country

Slovenia

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Aluminium Products Sales: Production and sale of primary aluminium products including billets (zlitine/drogovi), slugs and discs (rondelice), castings (ulitki), and evaporators/heat exchangers (izparilniki)
2. Aluminium Scrap Purchasing and Recycling: Purchase and processing of various types of aluminium scrap including primary and secondary aluminium waste materials
3. Laboratory and Testing Services: Talum Inštitut provides accredited laboratory testing, environmental monitoring, and consulting services to external clients
4. Logistics and Infrastructure Services: PE Infrastruktura in logistika provides road transport, railway transport and infrastructure, waste management, and service workshops

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Talum produces and sells primary and secondary aluminium products, including aluminium billets and alloys (Zlitine/Drogovi), die-cast aluminium castings (Ulitki), aluminium slugs and discs (Rondelice) for packaging, and roll-bond heat exchangers and battery cooling plates under the HEATRAPLATES brand for electric vehicles. The company also offers accredited laboratory testing, environmental monitoring, and logistics services through its Talum Inštitut and PE Infrastruktura in logistika units.

Product overview

Talum is an aluminum manufacturing company organized as a group of business units producing a comprehensive portfolio of aluminum products. The core offerings include primary aluminum, aluminum alloys and billets (Zlitine/Drogovi), aluminum castings (Ulitki) via die casting, and slugs and discs (Rondelice) for packaging applications. The company has developed the HEATRAPLATES sub-brand for roll-bond heat exchangers and battery cooling solutions targeting the e-mobility sector. Supporting the manufacturing operations, Talum Inštitut provides accredited laboratory testing, environmental monitoring, and R&D services, while PE Infrastruktura in logistika handles logistics and waste management. The group also produces final consumer products including furniture and urban equipment made from aluminum. The portfolio spans from raw material processing through semi-finished industrial products to specialized cooling solutions and end-user products.

Differentiator

Problem solved

Functional benefit

Brands

• HEATRAPLATES: Battery cooling solutions using roll-bond technology for EV battery packs, developed as innovative cooling plate solutions for battery applications
• TALUM SLUGS

Products and services

• Billets (Zlitine/Drogovi) Aluminium alloys and billets produced through primary aluminium smelting, serving as foundational raw material for further manufacturing across automotive, construction, and engineering sectors.
• Castings (Ulitki) Aluminium castings produced using die casting technology for automotive, heating, electrical industry, and general engineering applications.
• Slugs and Discs (Rondelice) Aluminium slugs and discs used primarily for packaging applications, particularly for aerosol cans and other pressed packaging formats.
• HEATRAPLATES Roll-bond heat exchangers and battery cooling plates for electric vehicle battery packs, including cooling solutions for battery cell housing developed under the HEATRAPLATES brand for the e-mobility sector.
• Evaporators and Heat Exchangers (Izparilniki/Uparjalniki) Evaporators and heat transfer plates manufactured using roll-bond technology for various cooling applications including battery thermal management in electric vehicles.
• Talum Inštitut Laboratory and Testing Services Accredited research institute offering laboratory analyses, environmental monitoring and consulting, R&D services, and industrial partnership including interlaboratory comparisons. Accredited by Slovenian accreditation (LP-045) for testing under SIST EN ISO/IEC 17025.
• PE Infrastruktura in logistika Infrastructure and logistics business unit covering road transport, railway transport and infrastructure, waste management services, and workshop services.
• PE Aluminij (Primary and Secondary Aluminium Processing) Business unit for primary and secondary aluminium processing, including purchase and recycling of aluminium scrap and waste materials.

Quantifiable outcome

• 114,752 tons production capacity per year
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered minor and core.

• AP18 ClubminorOthers · 9 June 2017Club of aluminium smelters from around the world that use AP18 technology for primary aluminium production, developed by Aluminium Pechiney. Talum hosted the 13th AP18 Club meeting in June 2017.
• Impol (MARTIN Project)coreStrategic or Co-development PartnerCollaboration on the MARTIN project with Impol, a Slovenian aluminium company. The project focuses on industrial development and research in aluminium processing technologies.
• ABS NetworkminorStrategic or Co-development PartnerParticipation in ABS Network, a European research and development network related to aluminium and industrial technologies.
• Deloitte RevizijaminorOthersExternal audit firm appointed for accounting reports of the company and its subsidiary companies.

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Hindalco Industries (Aditya Birla Group): Hindalco is a major Indian integrated aluminium and copper producer with primary smelting, rolled products, extrusions, and foils. Comparable full value-chain player, though operating at substantially larger scale and serving global markets.
• Arconic Corporation: Arconic produces aluminium sheet, plate, extrusions, and architectural products serving automotive, aerospace, and construction — overlapping with Talum's value-added aluminium components and rolled products, including potential EV battery enclosure applications.
• Alcoa Corporation: Alcoa is a global primary aluminium and alumina producer with operations across the value chain including bauxite mining, smelting, and rolled products. A broad incumbent benchmark for Talum's primary smelting business, though vastly larger and globally diversified.
• Norsk Hydro ASA: Norsk Hydro is one of the world's largest integrated aluminium producers with primary smelting (hydro-powered), extrusion, and rolled products serving automotive, packaging, and construction — directly comparable in primary aluminium + value-added products mix, though at vastly greater scale.
• Constellium SE: Constellium manufactures aluminium rolled products and extrusions serving aerospace, automotive (including EV battery enclosures), and packaging markets. Comparable in automotive value-added aluminium products, including battery-related applications overlapping with HEATRAPLATES.

Direct peers

• Impol Group: Impol is a Slovenian aluminium processor producing billets, rolled products, and extrusions — and Talum's explicit MARTIN-project R&D partner. Comparable regional peer in aluminium processing with overlapping automotive/industrial customer base.
• Gränges AB: Gränges is a Swedish aluminium rolled-products specialist serving the heat exchanger and automotive markets, producing clad materials and brazing sheet — directly comparable to Talum's HEATRAPLATES heat exchanger materials and slugs/discs for packaging/industrial use.
• Speira GmbH: Speira operates European aluminium rolling and recycling plants (formerly Hydro's rolled products division), producing can stock, automotive sheet, and specialty rolled products. Comparable to Talum's slugs/discs and secondary aluminium segments, serving packaging and automotive end markets.
• Trimet Aluminium SE: Trimet is a German-based primary aluminium producer with integrated casting and recycling, serving European automotive and packaging customers. Closest mid-sized European primary smelter peer to Talum in scale, geography, and customer mix.

Emerging players

• Modine Manufacturing Company: Modine is a global thermal management specialist with growing EV battery cooling product lines (cold plates, chillers). Comparable to HEATRAPLATES in the EV battery thermal management space, though Modine is a dedicated thermal-management incumbent rather than an aluminium producer.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat5 records

Key risks2 records

Key highlights6 records

Customer concentration

Compliance22 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Talum B