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AL CIRCLE

Assan Alüminyum finalizes further investment in sustainable expansions

EDITED BY : 2MINS READ

The world’s leading manufacturer in flat-rolled aluminium (FRP), Assan Aluminyum, a subsidiary of Kibar Holding, has settled plans to invest further in sustainable expansions through a sequence of investments worth over $95 million from 2021 through 2024. However, with the accomplishment of the expansion of the project, Assan Alüminyum is expected to have the largest continuous casting capacity in Europe and America.

Assam Aluminium to invest in sustainable expansion

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Global climate change, exhausting resources and extensive social inequalities is developing a critical future for the human race. Hence, corporate sustainability gains importance at a faster pace than ever.

Assan Alüminyum eyes on sustainability as one of its fundamental values with the awareness and walk on the steps of the Aluminium Stewardship Initiative (ASI) framework to control all of its business processes as per global sustainability standards.

The rolled aluminium company secured the ASI provisional Performance Standard Certificate for its flat-rolled aluminium production and recycling facilities. It also plans new investments according to global sustainability concepts. Honouring the vision, the company plans to inject over $95 million in sustainable expansions, in addition to the $60 million of investments concluded in the last 2 years.

Assan Alüminyum finalizes further investment

The investment proposal engulfs a wide range of investments from a rolling oil recycling facility, a new mill drive system with regenerative abilities for improved energy efficiency and new filtration systems for casting lines to an improved thin-gauge aluminium foil production capacity and digitalization projects to advance casting capabilities.

The new machinery investments incorporate a modern and highly energy-efficient thin strip rolling mill and 5 new casting lines. Now with a total number of 24 continuous-casting (CC) lines, Assan Alüminyum is expected to have the largest CC capacity in all of Europe and America. This will not only increase the company's annual installed production capacity to more than 360,000 tonnes but also entitle the production of higher VAPs, serving industries, such as consumer durables, automotive and construction.

Outlook for the Indian Aluminium Industry

Goksal Gungor, General Manager of Assan Alüminyum: "In addition to the planned future sustainability investments, we have other significant sustainability-oriented activities, including our in-house recycling facility and our renewable energy production plant. We can offset our scope 2 emissions, with the I-REC Certificates obtained through clean energy production. We continue to invest according to our vision of sustainability, as we feel that this is our responsibility for the future of our children".


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EDITED BY : 2MINS READ

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