Emirates Global Aluminium (EGA)

Emirates Global Aluminium Post Net Profit Of US$1.6 Billion In 2022’s First Half

Emirates Global Aluminium Post Net Profit Of US$1.6 Billion In 2022’s First Half

Emirates Global Aluminium PJSC (EGA) released results for the first half of 2022 this week. Numbers were up across the board due to both an improvement in operational performance and a global economic recovery from the depths of the COVID-19 recession. In...

Events

EGA To Install 14 New Highly Automated Cranes At Jebel Ali Aluminium Smelter

Emirates Global Aluminium PJSC (EGA) announced this week that it plans to move closer to full automation at its Jebel Ali plant with the addition of over a dozen new automated overhead cranes. The firm says it will replace 16 of the cranes currently onsite with 14 new overhead cranes that feature auto positioning and […]

EGA Plans Solar-Powered Silicon Metal Production Unit For UAE

Emirates Global Aluminium PJSC (EGA) announced on Friday a new project to manufacture silicon metal domestically in the United Arab Emirates in order to assure a constant supply for use in producing premium grades of aluminium alloy. At present, the UAE imports the entirety of silicon it uses in industry, and EGA is the country’s […]

EGA Boosts Amperage To 500kA At Al Taweelah Aluminium Smelter

Emirates Global Aluminium PJSC (EGA) announced last week that it has started operations at its DX+ Ultra reduction cells at an amperage of 500kA, the highest amperage reached by alumininium smelters in the Middle East to date. Boosting the amperage to 500kA is expected to correspondingly increase production by five percent above its maximum nameplate […]

Emirates Global Aluminium Agrees To US$137.5 MM Credit Facility Tied To Term SOFR

Emirates Global Aluminium PJSC (EGA) announced this week that it has entered into a new US$137.5 million revolving credit facility that is tied to the new Term Secured Overnight Funding Rate (SOFR). Per the firm, SOFR is an emerging replacement for the long-standard US dollar London Interbank Offering Rate. Though long accepted as the gold […]