(MENAFN - Khaleej Times) Mubadala development company of abu dhabi and the investment corporation of dubai announced the official incorporation of emirates global aluminium or ega the jointly-owned abu dhabi-based aluminium company formed by integrating the two shareholders? respective assets
The company will be managed by a board of directors that will be chaired by khaldoon khalifa al mubarak while saeed mohammed ahmed al tayer will become its vice-chair. the board will also include dr sultan al jaber abdulla kalban khaled al qubaisi ahmed yahia al idrissi abdul wahed mohammad al fahim and khalid al bakhit.
Ega’s core operating entities are dubai aluminium (dubal) and emirates aluminium (emal) whose combined annual production currently accounts for 50 per cent of the total primary aluminium produced within the gcc. with ega’s primary aluminium production set to reach 2.4 million tonnes per annum by mid-2014 the company will join the ranks othe world’s top aluminium producers. the firm plans to continue expanding along the aluminium value chain from smelting to alumina refining and bauxite mining and will also support the continued growth of the aluminium cluster in the uae.
Abdulla kalban chief executive officer and managing director of ega said: “this is a proud day for ega’s highly-skilled employees who represent a company led by uae nationals using technology that is unique to our company and the industry. combining the strengths of dubal and emal creates a national champion for technological innovation and business performance excellence.”
Saeed al mazrooei the company’s ceo of uae operations said: “the track records of dubal and emal mean that ega is blessed with a heritage of world-class operations and a record of sustaining the highest levels of environmental health and safety standards.”