EMAL to focus on automotive industries with foundry aluminium
Foundry aluminium, which is used mainly in the automotive industry, is now available from Emirates Aluminium (EMAL) and forms part of the company’s long-term strategy for the future development of its Al Taweelah smelter.
The company plans to develop Al Taweelah into one of the world’s largest single-site smelters and estimates that production will rise to 1.3Mt after completion of phase-two development in 2014.
Based on 2011 sales figures, Asia (excluding China) accounted for 50% of sales and EMAL plans to increase sales by 5% in 2014.
The company estimates that sales growth in Europe will grow from 23% in 2011 to 35% by 2013 as it concentrates efforts on growth areas – such as Japan and Germany – where automotive industries are very strong.