Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Major five Gulf smelters produced 3.6 mn tonnes in 2011  Join our daily free Newsletter

MENAFN - Emirates News Agency (WAM) - 09/04/2012

No. of Ratings : 0
Digg This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093501782 Share This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093501782 Add to Delicious Seed this article Buzz this article Add to Reddit Add to furl Add to stumbleupon Add to Mixx!


 


(MENAFN - Emirates News Agency (WAM)) World aluminium demand is increasing by six percent per annum from 40 million tonnes to over 70 million tonnes by the year 2020.

The 'big five' Gulf smelters - Alba, Dubal, EMAL, Sohar and Qatalum " recorded significant developments and achievements last year, with 3.6 million tonnes of aluminium produced in 2011. Gulf Production is expected to increase to five million tonnes by the end of 2014, when the EMAL Phase II expansion and other smelter projects are completed.

Emirates Aluminium (EMAL) will host the exclusive second annual Gulf Aluminium Dinner 2012 on April 29th at the Emirates Palace hotel. The Gulf Aluminium Council (GAC) dinner event will provide an unparalleled networking platform for the world's top aluminium industry leaders, and help to continue the momentum of the Gulf's establishment as a major metals hub in the global market.

Dr. Abdul Lateef Al Zayani, Secretary General for Gulf Corporation Council, will be the keynote speaker for the event, alongside Dr. Klaus Kleinfeld, Chairman and Chief Executive Officer of Alcoa, and Mr. Saeed Fadhel Al Mazrooei, President and Chief Executive Officer of EMAL.

Commenting on growing demand, Saeed Fadhel Al Mazrooei, President and Chief Executive Officer of EMAL, said: "Almost 80 per cent of the Aluminium produced in the Gulf is exported to different parts of the world, firmly placing the Gulf in a prominent position to meet both local and world demand. With production expected to increase from the current 750,000 tonnes to 1.3 million tonnes in less than three years, EMAL is well placed to meet the growing demand."

 






  MENA News Headlines
May 22 2013Emirates increases weekly flights to Sri Lanka's Colombo ,MENAFN
(MENAFN) Emirates Airlines is planning to add 3 more weekly flights to Colombo starting this June in order to increase the capacity on its services to that destination, reported Emirates ...

May 22 2013Saudi sets new food inflation record last month ,MENAFN
(MENAFN) Jadwa Investment announced that Saudi food inflation hit a record high in April driven by rising food prices over the past months, reported Emirates 24/7. On the other hand, the general ...

May 22 2013IMF urges Britain to privatise state-rescued banks ,AFP
(MENAFN - AFP) The International Monetary Fund on Wednesday urged Britain's government to adopt a "clear" plan to sell its stakes in state-rescued lenders Royal Bank of Scotland and Lloyds Banking ...

May 22 2013IMF urges Britain to privatise state-rescued banks ,AFP
(MENAFN - AFP) The International Monetary Fund on Wednesday urged Britain's government to adopt a "clear" plan to sell its stakes in state-rescued lenders Royal Bank of Scotland and Lloyds Banking ...

May 22 2013Recovering Dubai faces billions of maturing debt ,AFP
(MENAFN - AFP) As debt-laden Dubai's economic recovery continues, with grandiose projects making a comeback, the emirate faces some near-term maturity of debt racked up during pre-crisis years but ...

May 22 2013Recovering Dubai faces billions of maturing debt ,AFP
(MENAFN - AFP) As debt-laden Dubai's economic recovery continues, with grandiose projects making a comeback, the emirate faces some near-term maturity of debt racked up during pre-crisis years but ...

May 22 2013Vatican says 'credible' against money laundering ,AFP
(MENAFN - AFP) The Vatican on Wednesday said it was a "credible partner" in the struggle against money laundering as it published its first-ever report on efforts to meet international rules on ...

May 22 2013Vatican says 'credible' against money laundering ,AFP
(MENAFN - AFP) The Vatican on Wednesday said it was a "credible partner" in the struggle against money laundering as it published its first-ever report on efforts to meet international rules on ...

May 22 2013Sony board examines hedge fund spin-off plan ,AFP
(MENAFN - AFP) Sony chief Kazuo Hirai said Wednesday the company was examining a hedge fund proposal to sell off part of its entertainment unit in a bid to boost profits in its core ...

May 22 2013Sony board examines hedge fund spin-off plan ,AFP
(MENAFN - AFP) Sony chief Kazuo Hirai said Wednesday the company was examining a hedge fund proposal to sell off part of its entertainment unit in a bid to boost profits in its core ...

more...


 
Click to Apply






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help