As the market demand for products with less environmental impact is growing, Emirates Global Aluminium (EGA), a premium aluminum producer based in the UAE, is considering acquiring more metal recycling industry assets, said CEO Abdulnasser Bin Kalban.
EGA completed an acquisition of Germany's Leichtmetall Aluminium Giesserei Hannover GmbH in May this year, and it announced a plan to acquire an 80% stake in Spectro Alloys Corporation in Minnesota, US a week ago.
In addition, EGA is planning to produce more metal by recycling old products. Kalban said it would reduce emissions and demand for such metal is growing in the US and Europe.
Emirates Global Aluminium plans more acquisition of metal recycling industry assets
30 Aug 2024 16:11 reported by Joy Liu
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