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Emal to Invest $3.8 Bln in Second Expansion Phase, Alrroya Says

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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.

To contact the reporter on this story: Tamara Walid in Abu Dhabi at twalid@bloomberg.net

To contact the editor responsible for this story: Chad Thomas at cthomas16@bloomberg.net

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