Kazakhstan Aluminium Smelter JSC (KAS), part of Eurasian Resources Group, has significantly raised its aluminium production in 2020, mounting its sales in the domestic market and export markets, majorly in Europe.
The smelter is designed to produce 250ktpa; however, it has managed to exceed that target by 15ktpa this year.
Patronising the signing of 11 contracts with businesses in Kazakhstan throughout 2020, KAS augmented its domestic sales by 20% this year.
The European sales also scaled up and it accounted for 77% of exports in 2020, as aluminium supply to Europe rose by 10kt.
Serik Donbekbaev, President of the Kazakhstan Aluminium Smelter (KAS), commented: "Demand for aluminium has increased domestically and internationally in recent months in line with the easing of restrictions and fiscal stimulus programs, particularly in China and Europe. We are pleased that we have been able to increase our production capacity at KAS to meet the growing demand, and strengthen both our domestic and international sales."
Serik Shakhazhanov, Chairman of the Management Board at Eurasian Group LLP, which operates ERG's assets in Kazakhstan, commented: "KAS has surpassed expectations and strengthened its capacity, amid a challenging year. This is a testament to the hard work and dedication of the team at KAS and the Group's broader efforts and successes."
It has been reported that 60% of KAS production is used in the wires and cables industries, while 20% goes to the metal structures industries.
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