Dubai: The UAE industrial giant Emirates Global Aluminium fully funded its recent acquisition of a foundry in Europe through its first green loan facility. EGA had completed the acquisition of Leichtmetall last…
Tag: aluminium
EGA acquires Leichtmetall, a European speciality foundry in high-strength recycled aluminium
EGA’s new German operation is a European specialty foundry that uses renewable energy to produce up to 30,000 tonnes of billets per year. Secondary aluminium is 80 per cent of the input…
New alliance of UAE's Emirates Global Aluminium, Masdar to explore 'low-carbon' aluminium
There are also possibilities to work overseas where Masdar will support EGA to power new aluminium production facilities with renewable energy sources. “Aluminium production is energy-intensive, and generating the electricity required using fossil…
UAE’s EGA to acquire 100% of European maker of recycled aluminium Leichtmetall
Dubai: Emirates Global Aluminium (EGA) announced Thursday the finalisation of a binding agreement to acquire Leichtmetall Aluminium Giesserei Hannover GmbH, a prominent German aluminium recycling company. EGA is set to acquire 100…