EGA secures support from Itochu Corporation to boost aluminium production & decarbonisation

Emirates Global Aluminium (EGA) and Itochu Corporation of Japan have entered into a new agreement to work on developing aluminium production, decarbonisation, and the development of UAE industries in EGA’s supply chain.

The news came after the signing of the Memorandum of Understanding at the Japan-UAE Business Forum in Abu Dhabi, in the presence of Sheikh Hamed bin Zayed, a member of the Abu Dhabi Executive Council, and Japan’s Prime Minister Fumio Kishida.

This new agreement is the continuation of the previous deal signed late last year in Tokyo to leverage both the companies’ industrial capabilities to build business opportunities that would complement EGA’s operations in the UAE.

EGA shares a longstanding relationship with Itochu Corporation since the 1980s. The Japanese company has been supporting EGA in marketing its metal to customers in Japan and Japanese companies’ operations abroad.

On signing the new agreement, Abdulnasser Bin Kalban, Chief Executive Officer of EGA, said: “EGA and Itochu have worked together for decades, and our partnership has been an important part of the trade relationship between the UAE and Japan. We look forward to expanding this partnership further, to the benefit of our companies and both nations.”

Keita Ishii, President and Chief Operating Officer of Itochu Corporation, said: “The commercial relationship between Itochu and the UAE is amongst the most significant our two nations share. Our goal now is to deepen our work together to help meet the growing demand for aluminium over the decades ahead.”