Dec. 13 (Bloomberg) -- Emirates Aluminium Co., based in Abu Dhabi, plans to invest $3.8 billion in an expansion program as it aims to become the largest smelter in the world, Alrroya reported, citing Chief Executive Officer Saeed Al Mazrooei.
A first expansion phase was completed several months ago. Work has begun on the second, for which German companies have been awarded contracts worth $184 million, Al Mazrooei said. Emal’s current output stands at 750,000 tons annually; it will increase to 800,000 tons by the end of 2012 and to 1.4 million tons when the second phase is completed in 2014, the executive told Alrroya.
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