Abu Dhabi: Abu Dhabi Ports has signed a 50-year Musataha agreement with Emirates Aluminium Rolling (Emiroll), a joint venture between Dubal Holding, Dubai Investment Industries and Madar Aluminum Rolling Singapore (MARS), to set up a manufacturing plant with a total investment of Dh440 million.
Expected to go on-stream by the third quarter of 2017, 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 for applications in downstream industries, such as automotive body parts, roller-shutters, garage castings, container trays, cans and aerosols, Abu Dhabi Ports announced on Monday.
The plant will come up in an area of 83,554.58 square metre plot in Khalifa Industrial Zone’s downstream aluminium cluster.
Emirates Global Aluminium (EGA), an existing investor in Khalifa Industrial Zone, will provide Emiroll with raw molten aluminium to produce aluminium rolled products that is expected to boost the UAE’s aluminium downstream industries to meet global demand and contribute to Abu Dhabi’s economic diversification plan.
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.”
