News

Emirates Global Aluminium begins.

Issued at 2013-08-14



With the creation of Emirates Global Aluminium, after the agreement between Investment Corporation of Dubai (ICD) and Mubadala Development Company of Abu Dhabi, the world's fifth pole of primary aluminium production comes to life. The company deriving from this agreement between Dubal and Emal, respectively located in Dubai and Abu Dhabi, will have a market value of $ 15 billion with production capacity of nearly 2.5 million tons of primary aluminium per year (Dubal with an annual output of more than 1 million tons, Emal with 1.3 million). President of Emirates Global Aluminium is Khaldun Khalifa Al Mubarak, the current chairman of Emal, while Abdulla Kalban, current CEO of Dubal, will be CEO and General Manager of the new industrial unit, which will play an important role in the program of economic diversification of the United Arab Emirates.

In this respect, the industrial targets that both companies had before their cooperation are confirmed and strengthened, namely the strengthening of the entire value chain, from bauxite to alumina and primary aluminium, in addition to downstream developing of the system with the transformations and final applications of the light metal; according to expectations, Emirates Global Aluminium will locally have a positive employment impact estimated in 2,000 new direct jobs and 6,000 in related industries by 2020.

Concerning the implications for the European aluminium industry, which is getting more and more poor of primary metal and increasingly crushed by an unreasonable duty on imports of this fundamental raw material, this agreement generates clear positive effects because both Emal and Dubal have a long solid penetration basis on our market, while from our side, we need solid and reliable partners for the supply of a raw material such as aluminium, which is essential to feed the downstream transformation and manufacturing industries in the building, mechanical, transport, electrical engineering and packaging Sector.


Source: Aluplanet