Emal clinches big Daewoo order
Abu Dhabi, February 10, 2010
Emirates Aluminium (Emal), a JV between Dubai Aluminium Company and Mubadala Development Company, has signed a contract with Daewoo International Corporation to deliver aluminium sow ingots to the South Korean conglomerate.
With this, Emal has taken an important step towards fulfilling its vision of becoming one of the world's largest producers and suppliers of aluminium products, said a top official.
Saeed Fadhel Al Mazrooei, CEO of Emal, said the agreement has set the stage for the company to attract other important clients in the coming years.
'We are delivering our first shipment to Daewoo and we're pleased that such a strong, established Asian company with global reach understands the benefits of partnering with Emal,' he said.
'This agreement is in line with our business strategy to develop a wide international client base,' he added.
Kim Yong Hyun, general manager of Non-Ferrous at Daewoo International Corporation believes that the deal with Emal will prove to be long lasting.
'Emal is meeting our requirements and quality standards, and we're thrilled to receive the company's first international shipment. We have established a solid foundation for what should be a long-term working relationship,' he said.
The high-tech $5.7 billion aluminium smelter is the world's largest green field project of its kind, representing a key piece of the Abu Dhabi Government's industrialisation and diversification strategy.
The aluminium complex, a six sq km site in the Khalifa Port Industrial Zone in Al Taweelah, half way between Abu Dhabi and Dubai, will produce primary aluminium with a product mix of sow, standard ingot, tee ingot, extrusion billet and sheet ingot.-TradeArabia News Service