Search Site

TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

EGA increases Al Taweelah smelter plant’s capacity by 78,000 tons per year

Some 150 million tonnes of bauxite residue are thought to be produced worldwide every year with less than two percent put to productive use.
  • The plant adds 66 new reduction cells that were built using EGA's locally developed technology.
  • He said all 2,843 reduction cells at EGA use the company's own efficient technology developed in the UAE, says EGA CEO.

Emirates Global Aluminium (EGA) has increased the production capacity at Abu Dhabi’s Al Taweelah smelter by 78,000 tons per year.

As part of the expansion at the plant, which is one of the largest aluminum smelters in the world, a total 66 new reduction cells were added to the three potlines.

All the new reduction cells have been built using EGA technology developed in the UAE. EGA has used its own technology in every smelter expansion since the 1990s and has retrofitted all its older production lines.

Abdulnasser bin Kalban, EGA Chief Executive Officer, said the expansion project adds to the company’s project at a time when there is strong demand for aluminum in the world recovering from COVID-19.

“The expansion was delivered below budget and on schedule and with zero injuries,” he said.

He said all 2,843 reduction cells at EGA use the company’s own efficient technology developed in the UAE, an important source of competitive advantage and “pride for us as a leader in the global aluminum industry”.