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Thursday, April 25, 2024 23:17 GMT
Emirates Global Aluminum (EGA), the largest industrial company in the UAE outside oil and gas, has reached the milestone of 40 million tons of hot metal produced since start-up in 1979. According to the company, this means almost 3% of all the aluminum ever made has been produced by EGA in the UAE. “Aluminum is an essential material for human progress, and EGA’s metal is used by billions of people worldwide as part of everything from skyscrapers to smartphones,” EGA said in a statement. EGA’s development since the 1970s has made the UAE the fifth-largest aluminum producing nation in the world. EGA’s aluminum is the biggest made-in-the-UAE export after oil and gas and is shipped to more than 50 countries. The aluminum sector with EGA at its heart accounts for 1.5% of the entire UAE economy. It took almost 30 years for EGA to reach its first 10 million tons of production. In the past decade EGA’s growth has accelerated, transforming the company into a global integrated aluminum giant. Last year, EGA sold 2.54 million tons of cast metal. Abdulnasser Bin Kalban, Chief Executive Officer of EGA, said: “Reaching 40 million tons of hot metal production is a proud moment for everyone who works at EGA. Together, we have innovated aluminum to make modern life possible. Since EGA was founded by His Highness Sheikh Rashid as Dubai Aluminum, we have been a pioneer of economic diversification in the UAE while growing into a champion of the aluminum industry globally.” EGA is the world’s biggest producer of ‘premium aluminum’, metal made to customer specifications including through alloying. EGA has produced more than 41.6 million tons of cast metal since 1979. Last year, EGA became the first company in the world to make aluminum commercially using the power of the sun. EGA markets this metal under the product name CelestiAL. The use of solar power significantly reduces the emissions associated with aluminum smelting