Abu Dhabi Ports, Emiroll sign $120m plant deal
The new plant will produce 65,000 tonnes of aluminium coils per annum, including 45,000 tonnes of cold-rolled and 20,000 tonnes of hot-rolled aluminium
Abu Dhabi Ports and Emirates Aluminium Rolling (Emiroll) have signed a $120m deal to set up a manufacturing plant, the Port's authority announced on Monday.
The new plant, located in Khalifa Industrial Zone Abu Dhabi (Kizad), will produce 65,000 tonnes of aluminium coils per annum, including 45,000 tonnes of cold-rolled and 20,000 tonnes of hot-rolled aluminium.
Production will be used in the application of downstream industries, such as automotive body parts, roller-shutters, garage castings, container trays, cans and aerosols.
The 83,554.58sqm plant is expected to be completed in the third quarter of 2017, Gulf News reported.
Mana Al Mulla, CEO of Khalifa Industrial Zone Abu Dhabi said: “In 2015, the UAE was ranked the world’s fourth largest aluminium producer, accounting for over 50 per cent of the Gulf region’s aluminium output.
“We are proud to have played a role in facilitating the production of such a valuable metal that is in high demand across the globe.”
Emirates Global Aluminium (EGA) will provide Emiroll with raw molten aluminium to produce aluminium rolled products.