Abu Dhabi – Mubasher: Abu Dhabi Ports signed on Monday a 50-year Musataha agreement with Emirates Aluminium Rolling (Emiroll).
The deal aims at establishing a plant with a total value of AED 440 million on an area of 83,000 square metres in Khalifa Industrial Zone’s downstream aluminium cluster, according to a press release.
The agreement is a joint venture between Dubal Holding, Dubai Investment Industries and Madar Aluminum Rolling Singapore (MARS), the statement said.
Under the deal, Emirates Global Aluminium (EGA) will supply Emiroll with raw molten aluminium to produce aluminium rolled products.
The company noted that the plant is expected to commence the production phase in the third quarter of 2017, with a capacity of 65,000 tonnes of aluminium coils annually.
The total capacity includs 45,000 tonnes of cold-rolled and 20,000 tonnes of hot-rolled aluminium for applications in downstream industries, such as automotive body parts, roller-shutters, garage castings, container trays, cans and aerosols, as reported by Abu Dhabi Ports.
