6.50 PM Sunday, 26 May 2024
  • City Fajr Shuruq Duhr Asr Magrib Isha
  • Dubai 04:02 05:27 12:19 15:41 19:05 20:30
26 May 2024

Emal to export aluminium to South Korea

S Korea's Daewoo wins $1.94 bln deal in Africa to build five offshore platforms for an African company. (AFP)

By Reuters

State-owned Emirate's Aluminium (Emal) has signed a contract to ship aluminium to South Korea's Daewoo International Corporation, Wam reported.

This would be the company's first international shipment of the metal. "We are delivering our first shipment to Daewoo," Saeed Al Mazroui, Emal's Chief Executive told Wam.

"This agreement is in line with our business strategy to develop a wide international client base," he added. No details were given on the quality of aluminium that was sent. By the end of 2010, Emal plans to ramp up production of its $5.7 billion (Dh20.93bn) project located at Al Taweelha in Abu Dhabi to 700,000 tonnes of aluminium per year (tpy).

Emal is a 50-50 joint venture between Dubai Aluminium Company Limited (Dubal) and Mubadala Development Company (Mubadala), Abu Dhabi's investment vehicle.

Emal is expected to be the world's largest single-site aluminium smelter complex. The first phase of the project will have a capacity of 2,000 megawatts of electricity.


Keep up with the latest business news from the region with the Emirates Business 24|7 daily newsletter. To subscribe to the newsletter, please click here.