Dutch producer Aldel has entered into an agreement with Glencore on May 18th that will see the Netherlands-based smelter sell 180,000 tonnes of aluminium in 2020 and 2021, reported Reuters.
Chris McNamee, Aldel CEO said: “This is huge boost for Aldel, its people, and the wider economy, coming as it does against the background of the Coronavirus crisis and the economic uncertainty it has caused. This agreement, with one of the leading players in our industry, to purchase our output will further secure our medium-term future, and give us the confidence to press on with our ten-year plan to transform Aldel into a leading European green producer of aluminium. We believe Europe more than ever needs a strong efficient and green manufacturing base and that, as an independent producer of aluminium, we have an important part to play.”
Aldel currently employs 350 people and its smelter in Delfzijl produces around 80,000 tones per year.
The company went through bankruptcy proceedings in 2014 over high energy prices and was bought by York Capital in 2017. Thanks to capital investment, its potline reopened in 2019, which was followed by its accession to European Aluminium later that year. In 2014, it has a production capacity of 110,000, as well as a 50,000 line for recycling aluminium.