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Emirates Aluminium plans US$4.5bil expansion

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Emirates Aluminium plans US$4.5bil expansion Empty Emirates Aluminium plans US$4.5bil expansion

Post by hlk Mon 25 Jul 2011, 12:56

DUBAI, United Arab Emirates (AP) - A government-run aluminum smelter
in the United Arab Emirates plans to spend $4.5 billion to nearly double
its potential output of the widely used metal. Emirates
Aluminium said Sunday that its board approved the expansion plan to
increase annual capacity to 1.3 million metric tons (1.4 million tons)
by the end of 2014. The facility can now produce 750,000 metric tons
(827,000 tons) of aluminum per year. The Emirates Aluminium
smelter is located at al-Taweelah, a coastal industrial complex between
Dubai and the Emirati capital, Abu Dhabi. The company is a joint
venture between state-run Dubai Aluminium and Abu Dhabi government
investment firm Mubadala Development Company.
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