New Day Aluminum Holdings, and its parent company, DADA Holdings, are in discussions with several potential global partners on various strategic initiatives to materially expand its capabilities and further secure the long term sustainability of Noranda Alumina, its Louisiana-based alumina refinery.
These initiatives range in scope from a major shift in its bauxite residue capabilities on its path to becoming a zero-residue refinery, to several potential ventures with major industry players to continue to build on Gramercy’s metallurgical and non-metallurgical product capabilities and capacities. While most of these initiatives are associated with its refinery, some would potentially involve the company’s Jamaican bauxite operations and speciality businesses in the U.S. and Europe.
David D’Addario, New Day Chairman and CEO, stated, “These are very exciting times at New Day. Over the last four years, our strategic actions and major investments to expand and transform our business model have helped position Gramercy as an essential and sustainable player in the US metallurgical and non-metallurgical alumina segments. It has also created global interest from several companies that can help us further expand and build upon our already strong foundation in Louisiana.”
D’Addario added, “We expect to start sharing additional information on these initiatives in the weeks and months ahead.”
Note to readers: AlCircle brings two-day event for aluminium industry players. We look forward to meeting you virtually at “Global Aluminium Expo 2020”on October 6-7, 2020. For registration, visit www.alcircleevents.com
Responses
