Emirates Aluminum Company Limited, an aluminum smelter, produces and supplies semi-finished aluminum products for industrial and domestic applications primarily in the United Arab Emirates. The company produces primary aluminum extrusion billets, unalloyed aluminum ingots, and low profile and high profile sow products. It serves aerospace, automotive, technology, packaging, construction, and electronic components industries. The company was founded in 2007 and is based in Abu Dhabi, United Arab Emirates. Emirates Aluminum Company Limited operates as a subsidiary of Dubai Aluminium Company Limited.
P.O. Box 111023
United Arab Emirates
Founded in 2007
Dubai Plans To Launch IPO For Emirates And Others; Emirates Denies
Mar 2 14
Investment Corporation of Dubai is planning to launch an initial public offering (IPO) for Emirates, Dubai Airports Free Zone Authority, Dubai Aviation Corporation and Emirates Aluminum Company Limited, according to a report in The Telegraph newspaper. Mohammed Al Shaibani, Chief Executive Officer of Investment Corporation of Dubai, said that state-controlled companies in the emirate could potentially float on the London Stock Exchange. Mohammed Al Shaibani said, "We have a lot of entities here [in Dubai] that can also go public and that should be a fantastic way to raise capital if we need it." Al Shaibani reportedly said that Emirates, along with Dubai Airports, Dubai Aviation and Emirates Aluminum Company were among those entities that could be sold at some point to raise funds. Shaibani added, "We also have the option of secondary issues including the London Stock Exchange." Shaibani indicated that it was unlikely that Emirates would float in the near future, however, as there was still value to be created in the meantime. Shaibani also said, "We are dead serious. I cannot list it (Emirates) now because there is still value to be created there. We don’t want to give away value just like that. Ideally we would like to list here but we also have the option of a secondary listing on the London Stock Exchange, which is very strategic for us because we are the largest shareholders." However, Sir Tim Clark, President of Emirates, told Al Arabiya News that he was “surprised” at a report stating that the carrier could be asked to proceed with an initial public offering. Clark said, "We are under no instructions on IPOs whatsoever. It hasn’t come up in conversation for four or five years." Clark noted that any such decision to list was up to Emirates’ owners, rather than the airline itself.
Emirates Aluminium Launches Third Production Line
Sep 16 13
Emirates Aluminium announced that its third production line became operational on September 15, 2013. The new line, which is part of the phase 2 expansion project, was finished three months before it was expected. It will bring the total production for the smelter from 800,000 tons per year up to 1.3 million tons per year. The expansion project is part of the Abu Dhabi Government's 2030 plan which aims at reducing the country's dependence on oil and gas.