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Emirates Global Aluminum, the largest industrial company in the UAE outside of oil and gas, has signed an agreement with Japan’s Itochu Corporation to explore joint projects in the UAE to advance the goals of the country’s “300 Billion Action” industrial growth strategy.
EGA’s relationship with Itochu dates back to the 1980s, when the Japanese company sold EGA’s metals to Japanese customers, and the Japanese company did business overseas.
The two companies have now agreed to explore an expanded collaboration to leverage the industrial capabilities of both companies to complement EGA’s existing operations in the UAE.
Potential projects include some new industrial activities in the UAE, such as further processing of EGA’s metal to produce ultra-high-purity aluminum for special applications, and recycling of copper used in EGA production.
The two companies will also explore collaboration in Industry 4.0 projects, as well as developing niche applications for new aluminum alloys with third parties.
EGA and Itochu will also consider collaborating on EGA’s already announced project to develop the largest aluminum recycling facility in the UAE and a plant to produce silicon metal, the raw material for “high-quality aluminium”.
Abdulnasser Bin Kalban, CEO of Emirates Global Aluminum, said: “EGA and ITOCHU have worked together for decades and we are now excited to explore how this relationship can be extended to new industrial activities and opportunities in the UAE which will add value to our business “In order to more than double the size of the UAE’s industrial sector by 2031, our country needs to develop new industrial capabilities. Partnering with other global players like ITOCHU will help EGA accelerate our contribution to the 300 billion action.”
Kenji Seto, Executive Officer and President of ITOCHU Metals & Minerals, said: “ITOCHU and EGA have a strong partnership and we are delighted to now be exploring a joint project with the world’s largest producer of ‘premium aluminum’ in the UAE. Our The goal is to leverage the strengths of each company to advance these projects and create value for us and the UAE as a country.” – trade arab news agency
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