Middle East largest aluminum firm to boost Indonesian Inalum’s output

Follow-ups -eshrag News:

Sun, 2022-04-03 12:29

RIYADH: The largest aluminum firm in the Middle East, Emirates Global Aluminum, or EGA, has signed a Memorandum of Understanding with Indonesian aluminum smelting company PT Inalum to boost Inalum’s aluminum by 400,000 tonnes per year, according to Khaleej Times.

This follows the declaration of the Indonesian President on the importance of mineral downstreaming for Indonesia, according to Husin Bagis, the Indonesian Ambassador.

CEO of Inalum,  Prio Santoso, has invited EGA to enter the aluminum industry value chain from upstream, midstream, to downstream.

EGA is willing to invest in the Asian country, given its  energy costs and renewable energy sources.

Once the MoU is implemented, EGA will immediately open its office in Indonesia.

“Currently EGA’s production has reached 2.5 million tonnes per year, and cooperation with Inalum will increase our growth unorganically,” Khaleej Times reported, citing EGA CEO Abdulnasser bin Kalban.

Main category: 
Business & Economy

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