Wednesday 24 September 2014

Emirates Global Aluminium to build new $3bn Abu Dhabi refinery | The National

Emirates Global Aluminium to build new $3bn Abu Dhabi refinery | The National:



"Emirates Global Aluminium, the world’s fourth biggest aluminium producer, says it is building a US$3 billion alumina refinery as a boom in regional infrastructure projects spurs demand.



The company, born from the recent merger of Emirates Aluminium (Emal) and Dubai Aluminium (Dubal), is also gearing itself to profit from the shift to the metal among major car manufacturers that are seeking to improve fuel efficiency, said EGA’s chief executive Abdulla Kalban. Prices for the metal have gained almost 10 per cent this year, giving EGA more reason to expand as quickly as possible to help the country seek other forms of revenue apart from oil.



“Middle East expansion of smelters is being driven by demand from the massive infrastructure projects in the region,” Mr Kalban said at a conference in Abu Dhabi."



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