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Emirates Aluminium reported to seek loan from Kexim for expansion
11 JUL 20121MINS

Emirates Aluminium reported to seek loan from Kexim for expansion

Emirates Aluminium Co., an Abu Dhabi- based smelter, is in talks with Export-Import Bank of Korea for a loan of as much as $300 million to help finance its expansion, according to two people familiar with the matter. The lender, known as Kexim, supports projects in which Korean companies are...

Nigerian Court Scraps RUSAL's Aluminum Plant Purchase deal
11 JUL 20122MINS

Nigerian Court Scraps RUSAL's Aluminum Plant Purchase deal

The High Court of Nigeria invalidated a deal last Friday in which Russia's RUSAL, the world's largest aluminum producer, bought a local aluminum enterprise five years ago, Nigeria's The Nation Newspaper reported on Monday. RUSAL bought 77.5 percent of Alscon (Aluminum Smelter Company of Nigeria) in...

Aluminum Bahrain's sales slightly up in first quarter of 2012
11 JUL 20121MINS

Aluminum Bahrain's sales slightly up in first quarter of 2012

Aluminum Bahrain (Alba) said that its global sales were hit as weaker European economy trimmed demand in the first quarter of 2012, Reuters reported. Alba said output grew by 1.7 percent to 443,533 tons during the first quarter from 436,256 tons a year earlier. The company added that sales were...

Aluminum Makers Turn to Middle East for cheaper aluminium production
10 JUL 20124MINS

Aluminum Makers Turn to Middle East for cheaper aluminium production

Aluminum production is tilting toward the Persian Gulf and industry giants Rio Tinto (RIO), Alcoa Inc. (AA) and Norsk Hydro ASA (NHY.OS) are betting heavily that the region can produce aluminum more cheaply and can grab global market share. The rush to lower production costs is intense. The...

Emal and Alba to boost output
09 JUL 20122MINS

Emal and Alba to boost output

Emirates Aluminium (EMAL) and Aluminium Bahrain (ALBA) are both planning on boosting output, according to Bloomberg. EMAL is looking towards the end of 2012 to finalise financing arrangements for a $4.5Bn expansion programme, including the construction of what it claims will be the world’s biggest...

Azerbaijan, Tajikistan to sign  inter-industry agreements
06 JUL 20122MINS

Azerbaijan, Tajikistan to sign inter-industry agreements

Several intergovernmental and inter-industry agreements are planned to be signed during Tajik President Emomali Rahmon's official visit to Azerbaijan, scheduled for July 12-13. Four intergovernmental agreements are planned to be signed following the visit. These are an agreement on copyright...

GCC Aluminium may contribute 15% to global aluminum output by 2015
06 JUL 20121MINS

GCC Aluminium may contribute 15% to global aluminum output by 2015

According to Frost & Sullivan, the Aluminum production in the Ulf Cooperation Council (GCC) is expected to grow significantly in the short to medium term. The region is expected to contribute around 15 per cent of the total global production of Aluminium by 2015. GCC has no clear advantage in terms...

DUBAL launches its annual Summer Training Programme
04 JUL 20123MINS

DUBAL launches its annual Summer Training Programme

In line with the company's Nationalization strategy, the Recruitment department at Dubai Aluminium (DUBAL) has launched its annual Summer Training Programme — an initiative that aims to improve understanding of the aluminium industry's workings amongst young UAE Nationals while providing training...

US Importing Iranian Aluminum Despite Sanctions
03 JUL 20122MINS

US Importing Iranian Aluminum Despite Sanctions

US companies are importing material from Iranian Aluminum Co (Iralco) using an administration waiver needed to circumvent the sanctions against Iran, sources in the aluminum market said. "Goldman Sachs cancelled a large volume of Iralco material in Pacorini's warehouses in Johor," a source at a...

Alba launches new safety initiative for employees
03 JUL 20122MINS

Alba launches new safety initiative for employees

Aluminium Bahrain (Alba), ranked as one of the largest aluminium smelters in the world, has introduced a new safety initiative for contractors as part of its commitment to inculcate safety culture amongst its employees. The new Contractors Safety Management (CSM) is part of the AlbaSafeWay...

Qatalum opens registration for ARABAL 2012
03 JUL 20123MINS

Qatalum opens registration for ARABAL 2012

Qatalum has announced the agenda of the 16th Arab International Aluminium Conference (ARABAL 2012), which will be held in Doha from the 19th - 21st November 2012. It will focus on future opportunities in the aluminium downstream industry in the Gulf region, as GCC countries contribute to over 13%...

Mulk Holdings set to spend $1bn on global expansion
03 JUL 20123MINS

Mulk Holdings set to spend $1bn on global expansion

Mulk Holdings, a manufacturing conglomerate based in Sharjah, is investing up to US$1 billion (Dh3.67bn) in an ambitious expansion project in the UAE, Europe and Asia over the next two years. The company plans to set up a facility in Abu Dhabi's Khalifa Industrial Zone (Kizad) with two other joint...

GCC Produces 13 per cent of global aluminum output - Qatalum
02 JUL 20121MINS

GCC Produces 13 per cent of global aluminum output - Qatalum

The Gulf Cooperation Council (GCC) countries' aluminum production represent 13 percent, or 6.3 million tons per year, of global output, Qatar Aluminum (Qatalum) said Saturday. The GCC countries have sufficient infrastructure and elements that enable them to establish any industry based on raw...

Alba appoints new board memberfor Sabic
29 JUN 20122MINS

Alba appoints new board memberfor Sabic

Aluminium Bahrain (Alba) has announced the appointment of Dr Talaat Dafer Abdulla Aldafer Alqahtani - representing Sabic Industrial Investments Company (Sabic) - to its board of directors. Dr Alqahtani's appointment comes following the resignation of Homood Abdulla Al Tuwaijri (who represented...

EMAL launches Foundry Ingots to its Product Portfolio
28 JUN 20122MINS

EMAL launches Foundry Ingots to its Product Portfolio

EMAL has announced the launch of a new added value product in 2012: foundry aluminium which is mainly used in the automotive sector. The addition of foundry to EMAL's portfolio is part of its long term vision of producing more value added products as it develops into one of the world's largest...

Gulf Extrusions awarded a contract to supply recycled aluminium alloys
28 JUN 20123MINS

Gulf Extrusions awarded a contract to supply recycled aluminium alloys

Gulf Extrusions, one of the largest aluminum extrusion plants in the Gulf region, has announced that it has recently been awarded a contract by an institution in Saudi Arabia to supply 800 tons of X-ECO recycled aluminium alloys. The company has become the first extrusions firm in the GCC region to...

Alba Honours Long-Serving Employees
26 JUN 20122MINS

Alba Honours Long-Serving Employees

Aluminium Bahrain (Alba) praised the contribution of its work force in raising the company’s profile and in playing a key role in strengthening its reputation as one of the world’s leading aluminium smelters. The statement was made at the conclusion of a series of ceremonies held at the Alba Club...

U.S. prosecutors agree to pretrial gathering of evidence in Alcoa bribery lawsuit
25 JUN 20122MINS

U.S. prosecutors agree to pretrial gathering of evidence in Alcoa bribery lawsuit

U.S. prosecutors dropped objections to the pretrial gathering of evidence in a lawsuit by Bahrain’s state-owned aluminum producer, which claims it overpaid for raw materials because of bribes directed by Alcoa Inc. (AA) Aluminium Bahrain BSC, known as Alba, claims that New York- based Alcoa bribed...